+- 6.5 Grendel Forum (https://65grendel.com)
+-- Forum: 6.5 GRENDEL FORUM NEWS (https://65grendel.com/forumdisplay.php?fid=5)
+--- Forum: Firearms Industry News and New Products (https://65grendel.com/forumdisplay.php?fid=27)
+--- Thread: Remington's Demise ? (/showthread.php?tid=21913)
Pages:
1
2
Remington's Demise ? - hill37 - 08-27-2020
https://greensboro.com/business/remington-to-close-plant-in-rockingham-county-if-it-cant-secure-a-buyer/article_b7f805f9-a907-54f2-b0a7-9ec7bc7bf05e.html
Remington's Demise ? - A5BLASTER - 08-27-2020
Clickbait. Shows no data, ask to do a survey just to read the article.
Remington's Demise ? - Dug Silverman - 08-27-2020
I was able to read it. Doesnt look good for Remington.
Remington's Demise ? - hill37 - 08-27-2020
Got the link off Google no problem.
Remington's Demise ? - 65GbySeven - 08-28-2020
My $0.02, Remingtons handgun portfolio of products is very limited when comparing it to the Rugers of the world. This recent surge of new gun owners are not buying long guns, and the experienced gun owners are buying ammo...which they have decent to good ammo, but couldnt keep up.
Someone is going to buy up this company at a great price then expand on their staple products, the 870 and 700.
Remington's Demise ? - Glenn54 - 09-17-2020
I hope you are right. Regardless of the reasons for the company not being profitable, I hate to see a company/brand that is so well known disappear.
65GbySeven Wrote:My $0.02, Remingtons handgun portfolio of products is very limited when comparing it to the Rugers of the world. This recent surge of new gun owners are not buying long guns, and the experienced gun owners are buying ammo...which they have decent to good ammo, but couldnt keep up.
Someone is going to buy up this company at a great price then expand on their staple products, the 870 and 700.
Remington's Demise ? - TexHill - 09-17-2020
I feel sorry for the employees, and that's about it. Remington has been making garbage for over 10 years now. Their QC has been on par or worse than products made in China. I managed a gun store for a few years, and I was routinely disappointed with the quality of Remington firearms. It got so bad that I stopped stocking Remington all together.
Remington's Demise ? - mdram - 09-17-2020
TexHill Wrote:I feel sorry for the employees, and that's about it. Remington has been making garbage for over 10 years now. Their QC has been on par or worse than products made in China. I managed a gun store for a few years, and I was routinely disappointed with the quality of Remington firearms. It got so bad that I stopped stocking Remington all together.
its a shame, i really like my 870, 760, 700, ect
Remington's Demise ? - hill37 - 09-17-2020
Some more interesting Remington news.https://www.fool.com/investing/2020/09/17/should-vista-or-olin-buy-remington-ammo-business/
Remington's Demise ? - Sinclair - 09-17-2020
TexHill Wrote:I feel sorry for the employees, and that's about it. Remington has been making garbage for over 10 years now. Their QC has been on par or worse than products made in China. I managed a gun store for a few years, and I was routinely disappointed with the quality of Remington firearms. It got so bad that I stopped stocking Remington all together.
Classic scenario, during the later days of Viet Nam and a couple of decades beyond, Remington was in tall cotton. Then sales began to slip and the first thing that the accountants want to do is cut cost at the expense of quality, thus beginning the death spiral. And yes, the employees pay the ultimate price, their jobs!
Remington's Demise ? - Old Bob - 09-17-2020
The Navajo Nation made a bid for Remington earlier this year. It was rejected...
https://www.nytimes.com/2018/07/16/business/dealbook/remington-sale-navajo-nation.html
Remington's Demise ? - MrDraco - 09-18-2020
Old Bob Wrote:The Navajo Nation made a bid for Remington earlier this year. It was rejected...
https://www.nytimes.com/2018/07/16/business/dealbook/remington-sale-navajo-nation.html
That was over 2 years ago when Remington filed for bankruptcy the first time.
Remington's Demise ? - Old Bob - 09-18-2020
MrDraco Wrote:That was over 2 years ago when Remington filed for bankruptcy the first time.
You're right. I didn't look at the date of the article.
Remington's Demise ? - JASmith - 09-18-2020
Was the offer rejected on the basis of offering price, terms of agreement, or simple resistance to a new player in the firearms field?
Is there a chance the Navajo Nation might be able to to re-engage in discussions?
Remington's Demise ? - hill37 - 09-18-2020
The latest I could find.https://www.daily-times.com/story/news/local/navajo-nation/2020/07/14/remington-purchase-pursuit-paused-after-navajo-nation-delegate-withdraws-sponsorship/5434787002/
Remington's Demise ? - TexHill - 09-18-2020
JASmith Wrote:Was the offer rejected on the basis of offering price, terms of agreement, or simple resistance to a new player in the firearms field?Trust me, you don't want the Navajo Nation to end up with what's left of Remington. They backed off from buying Remington for the second time this past July. Prior to the Nation's announcement that they would not buy Remington, the person leading the charge to make the purchase said that they didn't believe that citizens should own "assault rifles" or large capacity magazines.
Is there a chance the Navajo Nation might be able to to re-engage in discussions?
Remington's Demise ? - JASmith - 09-18-2020
OH...
That is diametrically opposite of the notion of a freedom-loving people.
Lets hope there was either a miscommunication or that the rep incorrectly represented his constituents .
Remington's Demise ? - MrDraco - 09-18-2020
From one of the articles I was reading, they commented that they planned on using Remington to research smart weapons and that was all they planned on selling.
Remington's Demise ? - A5BLASTER - 09-18-2020
JASmith Wrote:OH...
That is diametrically opposite of the notion of a freedom-loving people.
Lets hope there was either a miscommunication or that the rep incorrectly represented his constituents .
The Navajo nation is a sovereign nation separate of the USA.
Remington's Demise ? - Harpoon1 - 09-19-2020
JASmith Wrote:Was the offer rejected on the basis of offering price, terms of agreement, or simple resistance to a new player in the firearms field?
Is there a chance the Navajo Nation might be able to to re-engage in discussions?
I got the sense the Navajo Nation wanted some assurance they would be absolved of Remingtons past if they purchased them in bankruptcy and could start over with a clean sheet paper. Then there was a court ruling handed down to the contrary, and the deal disintegrated soon after.