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 Remington Declares Bankruptcy

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Kentucky Colonel

Kentucky Colonel

Male Number of posts : 1775
Age : 111
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Registration date : 2015-10-28

Remington Declares Bankruptcy Empty
PostSubject: Remington Declares Bankruptcy   Remington Declares Bankruptcy EmptyFebruary 12th 2018, 7:42 pm

Remington has filed for Chapter 11. Check your news feeds for details. 

I am a little stunned. Dropped gun sales after the election and law suits are contributing factors.

_________________
"One of the sanest, surest, and most generous joys of life comes from being happy 
over the good fortune of others." 
― Robert Heinlein


Florida Muzzleloaders Association 
Central Florida Muzzleloaders 
Green River Rifle Works Collectors Association
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patocazador

patocazador

Number of posts : 5852
Age : 76
Location : central Florida
Registration date : 2012-08-22

Remington Declares Bankruptcy Empty
PostSubject: Re: Remington Declares Bankruptcy   Remington Declares Bankruptcy EmptyFebruary 13th 2018, 7:30 am

The old Remington company produced the best American guns IMO. The 870, 700, and XP-100 were tops.
The conglomerate that took them over went more into clothing and sent the guns to be made in China. They were crap and cheapened the legacy. I prefer to see them fold rather than produce more crap like they have for the last 10+ years.

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Bob

"My reading of history convinces me that most bad government results from too much government." -Thomas Jefferson
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OldMtnMan

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Remington Declares Bankruptcy Empty
PostSubject: Re: Remington Declares Bankruptcy   Remington Declares Bankruptcy EmptyFebruary 13th 2018, 8:03 am

They've been going downhill for awhile, but I didn't think it was this bad.

What happens to Marlin?

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Pete

I'm addicted to black powder.
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FrontierGander
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FrontierGander

Male Number of posts : 16318
Age : 35
Location : Boncarbo,Colorado
Registration date : 2008-05-19

Remington Declares Bankruptcy Empty
PostSubject: Re: Remington Declares Bankruptcy   Remington Declares Bankruptcy EmptyFebruary 13th 2018, 10:07 am

Firearm companies do this often when times get slow.
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Marty
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Marty

Male Number of posts : 3774
Age : 63
Location : Massachusetts
Registration date : 2009-02-03

Remington Declares Bankruptcy Empty
PostSubject: Re: Remington Declares Bankruptcy   Remington Declares Bankruptcy EmptyFebruary 13th 2018, 12:14 pm

My first “Remington” firearm… an unsolved mystery.

I’ve owned several Remington firearms over the years.  Really liked their 700 bolts.  I bought my very first centerfire back in the 70’s when I was a teenager.  I wanted something for deer/bear so I purchase a brand new, Remington 30-06 BDL pump-action with the premium basket-weave stock.  Harvested many deer with that rifle, but never a bear.

When I went to trade-it-in decades later, the dealer said that he could not put the gun on his rack for resale because it did not appear to have all the original parts.  Dummy-me to my disbelief the receiver was stamped 742 WOOSDMASTER.  The 742 WOODSMASTER was Remington’s Semi-Automatic.  My receiver should have been stamped 760 GAMEMASTER which was the pump-action Remington Model.  I’m not a gunsmith, so I don’t know what parts in the receiver may have been interchangeable between the 742 and the 760…or whether it was simply a stamping error on my rifle’s hardware. 

Where was Remington’s quality control?

Did my Remington leave the factory with this defect? 

Did the licensed dealer who sold me the 742 WOODMASTER fail to disclose the apparent defect from their trained eyes?

Anyway, I ended-up trading my 30-06 because the dealer said the stock was worth a trade simply to acquire the wood butt stock and forearm for restoration projects.
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patocazador

patocazador

Number of posts : 5852
Age : 76
Location : central Florida
Registration date : 2012-08-22

Remington Declares Bankruptcy Empty
PostSubject: Re: Remington Declares Bankruptcy   Remington Declares Bankruptcy EmptyFebruary 13th 2018, 2:10 pm

He was jacking you around to get you to be satisfied with the low-ball price he offered. The receivers, barrels,  and stocks were all the same. Yes, someone screwed up at Remington or at the dealer you bought it from but it made no difference in the gun's quality. 

You should have gone to an honest dealer or sell it to an individual. The Northeast is about the only place those 760's sold good due to the notoriety of the Benoit brothers in Vermont.

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Bob

"My reading of history convinces me that most bad government results from too much government." -Thomas Jefferson
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Marty
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Marty

Male Number of posts : 3774
Age : 63
Location : Massachusetts
Registration date : 2009-02-03

Remington Declares Bankruptcy Empty
PostSubject: Re: Remington Declares Bankruptcy   Remington Declares Bankruptcy EmptyFebruary 14th 2018, 6:06 am

You're probably right 'pat about getting low-balled.   I guess trading-in guns is like trading-in cars.

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p.s. I thought I went to an honest dealer.  What a Face   I traded my -06 in at the Kittery Trading Post in ME.  
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