The Firing Line Forums

Go Back   The Firing Line Forums > The Conference Center > General Discussion Forum

Reply
 
Thread Tools Search this Thread
Old January 17, 2019, 02:07 PM   #1
USNRet93
Senior Member
 
Join Date: October 23, 2018
Location: Republic of Boulder, USA
Posts: 709
Remington going under?

Called my LGS asking about a RM380..gent said probably can’t get one as Remington $1.5billion in debt and about to go under. Anybody else hear this?
__________________
PhormerPhantomPhlyer

"Tools not Trophies”
USNRet93 is offline  
Old January 17, 2019, 02:28 PM   #2
TXAZ
Senior Member
 
Join Date: September 5, 2010
Location: McMurdo Sound Texas
Posts: 3,578
They went into and came out of bankruptcy last year, so I don't understand the comment. They have less debt and a means to move forward.

https://www.reuters.com/article/us-r...-idUSKCN1II24T
__________________
!أنا لست إرهابياً
TXAZ is offline  
Old January 17, 2019, 03:42 PM   #3
DPris
Senior Member
 
Join Date: August 19, 2004
Posts: 7,133
Moving full speed ahead.
A sale is pending, but in the meantime Remington & Marlin are both out from under the Cerberus "Cheaper Is Better" manufacturing yoke, money is being spent on product quality upgrades, and the company is far from going under.
Denis
DPris is offline  
Old January 17, 2019, 03:47 PM   #4
USNRet93
Senior Member
 
Join Date: October 23, 2018
Location: Republic of Boulder, USA
Posts: 709
Thanks..too bad a LGS has some beef about Remington and does their best at 'business reduction policies'...
__________________
PhormerPhantomPhlyer

"Tools not Trophies”
USNRet93 is offline  
Old January 18, 2019, 02:02 AM   #5
TruthTellers
Senior Member
 
Join Date: October 22, 2016
Posts: 2,470
Sounds like a dolt working the counter that day or the guy doesn't make much profit selling Remingtons.
__________________
Any good revolver > Any good semi auto
TruthTellers is offline  
Old January 18, 2019, 07:59 AM   #6
jmr40
Senior Member
 
Join Date: June 15, 2008
Location: Georgia
Posts: 9,431
Remington has been circling the drain for years. There have been several attempts that have kept them from going completely under in recent years and this is another temporary reprieve. I still don't have long term confidence in the company.

They have long term commitments via court order to repair millions of defective guns. That adds up to billions of dollars just to correct past mistakes. It is hard to come up with new and innovative quality products in the future with that hanging around your neck.
__________________
"If you're still doing things the same way you were doing them 10 years ago, you're doing it wrong"

Winston Churchill
jmr40 is offline  
Old January 18, 2019, 08:54 AM   #7
buck460XVR
Senior Member
 
Join Date: December 28, 2006
Posts: 3,905
Quote:
Originally Posted by USNRet93 View Post
Called my LGS asking about a RM380..gent said probably can’t get one as Remington $1.5billion in debt and about to go under. Anybody else hear this?
So..........did said "gent" even attempt to find one for you? Or was he just trying to sell you something they already had? Remington's name is always going to be worth something to someone. It may never be the driving force in the firearms industry it once was, but in some shape or form, it will be around for a while yet.
buck460XVR is offline  
Old January 18, 2019, 09:25 AM   #8
USNRet93
Senior Member
 
Join Date: October 23, 2018
Location: Republic of Boulder, USA
Posts: 709
No..He looked, owner looked, thought they had one, 'in the back'..no..I then asked if they could order one and then the guy said the 'probably can't even get one' stuff..followed by mentioning YUGE amount of debt that Remington has..He didn't seem keen on even trying..this was over the phone, BTW..I called and asked about the Remington..this place has a GREAT range but kinda stuffy LGS side..hardly ever less than MSRP..like $499 for Glock 43, type stuff...
__________________
PhormerPhantomPhlyer

"Tools not Trophies”
USNRet93 is offline  
Old January 18, 2019, 09:40 AM   #9
LineStretcher
Senior Member
 
Join Date: June 14, 2018
Posts: 465
Quote:
Originally Posted by USNRet93 View Post
No..He looked, owner looked, thought they had one, 'in the back'..no..I then asked if they could order one and then the guy said the 'probably can't even get one' stuff..followed by mentioning YUGE amount of debt that Remington has..He didn't seem keen on even trying..this was over the phone, BTW..I called and asked about the Remington..this place has a GREAT range but kinda stuffy LGS side..hardly ever less than MSRP..like $499 for Glock 43, type stuff...
Find another place to buy your rifle. Remington is now running under the "Freedom Group". Their bankruptcy business plan was overwhelmingly accepted by the courts. They have re-tooled and are now once again producing top quality consumer products. There are still some back room guns out there that you probably want to steer clear of so I would order only current production models. Their Marlin rifles are also back up to excellent quality again. I just bought one and it's top notch all the way.
LineStretcher is offline  
Old January 18, 2019, 09:55 AM   #10
Targa
Senior Member
 
Join Date: March 20, 2014
Posts: 1,815
Just buy from one of the online gun sale options.
Targa is offline  
Old January 18, 2019, 10:16 AM   #11
MoMan
Member
 
Join Date: June 25, 2016
Location: Western Kentucky
Posts: 30
Sounds to me like a guy who didn't have what you were looking for, and wanted to "dump" you into something he had in stock. The fact that he decided to try to "trash talk" you out of the gun you were looking for, rather than trying to locate 1 for you, should really tell you all you need to know about him.

If it were me, I would find another place to spend my hard earned money!
__________________
MO

Member: NRA/Kentucky Regulators Gun Club/LaSalle Sportsmen's Club
MoMan is offline  
Old January 18, 2019, 11:20 AM   #12
KevininPa
Senior Member
 
Join Date: April 14, 2007
Posts: 253
When aren't they anymore.
__________________
" When you see the white light, cover your eyes, brush off the dust and straighten your tie........"

The Call
KevininPa is offline  
Old January 18, 2019, 11:21 AM   #13
LineStretcher
Senior Member
 
Join Date: June 14, 2018
Posts: 465
Quote:
Originally Posted by Targa View Post
Just buy from one of the online gun sale options.
You have to be careful doing that. It may be that someone is trying to clear a bunch of old back stock.

If I can't find it locally, I go through Sportsman's Warehouse. They seem to have current items in stock. If you're active duty, retired or a Veteran and live within 50 miles of a store then go in and order it and get your discount. You can't get it if you order online. I think I got 10% off on my last rifle.
LineStretcher is offline  
Old January 18, 2019, 02:19 PM   #14
AmmunitionDepot
Member
 
Join Date: December 13, 2018
Posts: 44
I can't imagine them going completely under. My guess is that this isn't true.
AmmunitionDepot is offline  
Old January 18, 2019, 09:09 PM   #15
dogtown tom
Senior Member
 
Join Date: January 23, 2006
Location: Plano, Texas
Posts: 2,374
Quote:
USNRet93 Called my LGS asking about a RM380..gent said probably can’t get one as Remington $1.5billion in debt and about to go under. Anybody else hear this?
Lazy dealer.
Tell him RSR has around 70 in stock as of right now.
__________________
Need a FFL in Dallas/Plano/Allen/Frisco/McKinney ? Just EMAIL me. $20 transfers ($10 for CHL, active military,police,fire or schoolteachers)

Plano, Texas...........the Gun Nut Capitol of Gun Culture, USA https://www.youtube.com/watch?v=pELwCqz2JfE
dogtown tom is offline  
Old January 18, 2019, 10:09 PM   #16
tlm225
Senior Member
 
Join Date: December 21, 2004
Location: Arkansas
Posts: 839
Your shop didn't try very hard. In less that two minutes of checking, Grabagun, Buds gun shop, and Kentucky Gun Co. all show to have various versions of the RM380 in stock. I guess Remington is still in production or as it has been said, the report of their demise is greatly exaggerated.
__________________
All that is neccessary for evil to triumph is for good men to do nothing.
Edmund Burke
tlm225 is offline  
Old January 18, 2019, 10:42 PM   #17
Mike38
Senior Member
 
Join Date: December 28, 2009
Location: North Central Illinois
Posts: 2,091
Was Remington on a downward spiral before or after the 2007 purchase by Freedom Group? In other words, is Freedom Group the cause of Remington's failure? Isn't Freedom Group nothing but a bunch of investors that couldn't tell you the difference between Model 1858 revolver and a 1911-R1?
Mike38 is offline  
Old January 19, 2019, 12:49 PM   #18
DPris
Senior Member
 
Join Date: August 19, 2004
Posts: 7,133
Remington was acquired by Cerberus years ago, and the Cerberus operation was only interested in maximizing profits, not quality.

Cerberus is now out of the picture.
The company, along with Marlin, is now in the hands of the creditors pending a sale, but they're out of the bankruptcy.

The current people now running Remington ARE making changes, but it's happening slowly.

It takes time for a trickle-down effect from the top in replacing the old "make it cheaper" with "make it better".

When engineering & manufacturing processes have so long been centered around "cheap", there's some lag time involved in changing all that.

In one case last year, Marlin spent a hundred grand on one new piece of machinery to address ONE area of levergun manufacture.

Money isn't just being drained now, it's going back into both companies.
If whoever buys the conglomerate allows this to continue, you should be seeing a gradual & general upgrade in overall quality.

My info comes from a friend there, a senior product manager.
Denis
DPris is offline  
Old January 20, 2019, 10:10 AM   #19
USNRet93
Senior Member
 
Join Date: October 23, 2018
Location: Republic of Boulder, USA
Posts: 709
Quote:
Originally Posted by Targa View Post
Just buy from one of the online gun sale options.
Like to buy locally if I can, even if some few $ more. Often online ship and FFL
Transfer $ equals local tax and BGC...but no mas at this place...have a LGS that’s really close but small inventory...
__________________
PhormerPhantomPhlyer

"Tools not Trophies”
USNRet93 is offline  
Old January 25, 2019, 07:56 AM   #20
jaysouth
Senior Member
 
Join Date: February 27, 2001
Location: Richmond, VA
Posts: 743
Just consider the source.
jaysouth is offline  
Old January 28, 2019, 07:22 PM   #21
jonb32248
Member
 
Join Date: February 20, 2018
Location: Missouri
Posts: 25
Buds Gun Shop
jonb32248 is offline  
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 08:04 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2019, vBulletin Solutions, Inc.
This site and contents, including all posts, Copyright © 1998-2018 S.W.A.T. Magazine
Copyright Complaints: Please direct DMCA Takedown Notices to the registered agent: thefiringline.com
Contact Us
Page generated in 0.08787 seconds with 10 queries