And in a way, it’s Donald Trump’s fault. The 202-year-old gunmaker Remington Outdoors has filed for Chapter 11 bankruptcy protection, reports CNBC. In a note to investors on Friday, Remington revealed it has a negative operating cashflow of $7.4 million. It had $600 million in sales in 2017, but that was down over 30% from 2016 sales. While it would be nice to believe the increasing anger from the public over mass shootings in America had a role to play in Remington’s slowdown in sales, the drop is probably more likely related to the fact that most gun sales take a dive during years in which a Republican sits in the Oval Office, as gun advocates feel it’s less likely that any ban or restrictions on personal arms will be passed.
collections
NewsletterCourses and LearningAdvertiseCurrent IssueFast Government
The future of innovation and technology in government for the greater good
Most Innovative Companies
Our annual guide to the businesses that matter the most
Most Creative People
Leaders who are shaping the future of business in creative ways
World Changing Ideas
New workplaces, new food sources, new medicine--even an entirely new economic system
Innovation By Design
Celebrating the best ideas in business