Remington,a few years ago had been purchased by a conglomerate which has basically run it into the ground.
Reminds me of back in the early 70s when the Leisure Group took over High Standard,Outers and Sierra bullets. Fortunately Outers and Sierra got out from under them before they imploded.

Back in '64,AMF took over Harley-Davidson and we know where that went. By '79 H-D was pretty much gone but fortunately the employees resurrected H-D from oblivion.

Most of the CEOs of these big conglomerates have no idea of what they make and only see the bottom line. If it doesn't look too good,they dump it and could care less about what happens.

To them,it is just money.

Wayne

AND THE PEOPLE SHALL SAY, AMEN....investor groups who oust anybody not bringing them a portfolio increase, and care not about product or people.

Thing that gripes me is, just as said earlier as to everybody acting shocked, they should not be, as history is clear, and yet, as with the weather, everybody complains, but nobody does anything, and unlike the weather, it need not be this way.

#1 responsibility goes to consumers and media lap dogs saying "oh, it has to be this way, or poor (fill in blank) would not be around anymore". Poor (fill in blank) ceased to be the day they stopped making what made them them a legend, folks, so stop buying garbage, and vote with wallet. Even investor groups listen to THAT vote.

And of course, nobody tied to whatever industry speaks up, or organizes a resistance (well, rarely, but there HAVE been successful employee buy-outs), so AMF/BANGOR PUNTA/etc etc just keeps happening....Freedom/Cerebus only the latest.

Late PS- yes, many folk bought guns not normally bought, as they were not normally gun buyers in the first place, and bought only to buy IN CERTAIN AREAS where fear was high of being unable to buy later, due to new laws.

This ignores the vast majority of repeat buyers, in guns, just as in knives, and THOSE are the core staying away, because they know what they are getting is not what it used to be. And when they complain, they are told, "sorry, the modern market etc etc, and it simply MUST be this way if (fill in blank) is to survive." So, they vote with their dollars, makers sales founder, until somebody, somewhere, gives them what they want. Look only at the skyrocketing Mossberg and Henry sales, and every one of those was a Remington/Marlin/Winchester buyer before that.

One has only to look at prices of older better made guns in the used market, to see the market is thriving. Except in ever cheaper new guns. This is not a blip, it is a revolt of core market of repeat buyers taking their money elsewhere, to get what they want....QUALITY.

I guess you pretty much summed that up quite well.

I remember when,back in the early 70s,Bangor Punta owned S&W and basically said that only police & military should have guns. There was a huge consumer revolt that really hurt S&W.

Then they got back on their feet and in 2000 signed a "deal with the devil" the Clinton/HUD deal that basically almost did them in ...again.

Wayne

sigh....it was Santayana who said that those who refused to learn from history are doomed to repeat it.

This, as a very off topic aside, actually cuts entire across western culture. A quick study shows that thanks to the acceleration of technology, we have condensed 1000yrs of Roman empire history into 200yrs, and are currently at the self absorbed decadent citizen phase depending on professional army and import labor, demanding their state supported sustenance and entertainment, while enemies abroad grow in power.

Businesses may wake up....citizens may wake up. May.....Could.