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'The Trump slump': Remington files for bankruptcy as gun sales tumble

After a golden era of gun sales under Barack Obama, America’s gun manufacturers are in trouble

For 200 years Remington has been one of the most famous names in guns, supplying arms to soldiers in the civil war, both world wars and to generations of gun enthusiasts. Now it has met its match: the gun friendly presidency of Donald Trump.

After a golden era of gun sales under Barack Obama, America’s gun manufacturers are in trouble. Sales have tumbled leaving the companies with too much stock on their hands and falling revenues. The crunch claimed its biggest victim this week when Remington filed for bankruptcy.

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