Decline in Sales for Remington
AllOutdoor Staff 11.19.15
Shooting Sports Retailer reports in the company’s latest financial statement to investors, Remington Outdoor Company disclosed declining sales of firearms and ammunition in the last quarter.
In the third quarter ending Sept. 27, sales of Remington Outdoor Company firearms declined 19.8 percent over the previous year, with ammunition sales dropping 21.2 percent. Overall net sales for the company dropped 23.5 percent to $59.7 million.
Remington is experiencing declines in their market share due to customers buying less expensive product. Do you find yourself switching to less expensive brands these days?