The Business of Guns

left the handgun market at about the same time due to a lack of funds. Also like its competitors, the company has come under scrutiny because its products have appeared in the hands of mass shooters. The 2012 Sandy Hook Elementary School shooting that left 20 children dead involved a Remington Bushmaster, one of the most common variants of the AR-15 semiautomatic rifle. Family members of the victims of the Sandy Hook shooting sued Remington in 2014 for wrongful marketing that inspired the shooter. After a series of appeals, the courts in November 2019 allowed the family members to go ahead with their lawsuit. During the lengthy appeals process, many of Remington’s investors decided that they no longer wanted to be associated with the company and left it without access to capital. In 2018, the company announced a Chapter 11 bankruptcy filing to turn around the struggling business; even so, Remington sold nearly 1.5 million firearms that same year, earning over $600 million in sales.

In 2018, Remington earned over $600 million in sales.

The Business of Guns

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