U.S. firearms distributor files bankruptcy as gun sales fall under Trump

[Go Braves]

United Sporting Cos, a large firearms distributor whose roots date to the Great Depression, filed for bankruptcy protection on Monday and said it plans to liquidate, on account of being hurt by falling sales since Donald got elected in 2016 & Dick's Sporting Goods decided to begin moving away from firearms.

U.S. firearms distributor files bankruptcy as gun sales fall under Trump - Reuters

The firearms industry has faced pressure here on sales after Trump's 2016 election eased gun control fears, even as a spate of U.S. mass shootings has prompted calls for more curbs on gun ownership.

In a court filing, Chief Executive Officer Bradley Johnson said USC boosted inventory before the 2016 White House race, expecting the higher sales that historically follow a Democrat’s election.

But he said the Republican Trump’s unexpected win over Democrat Hillary Clinton was a factor in net sales falling to $557 million in 2018 from an average $885.3 million from 2012 to 2016, with an accompanying glut of inventory.

Dick’s, meanwhile, decided after 17 people died at the Feb. 2018 Parkland, Florida school shooting to stop selling guns to people under 21, a decision also made by Walmart Inc, and to remove assault-style rifles from its stores. In March, Dick’s decided to end firearms sales at 125 stores.

 

[iluvatar5150]

Man.... Gun distributors going out of business and private equity firms losing money. That's a whole big pile of schadenfreude.

 

[W2L]

Gun sales do well under democratic leaders because they try to ban guns.

 

[iluvatar5150]

Gun sales do well under democratic leaders because they try to ban guns.

*because people are afraid they're going to try to ban guns

 

[JackRT]

Gun sales do well under democratic leaders because they try to ban guns.

Or at least control them.

 

[W2L]

*because people are afraid they're going to try to ban guns

Yes thats my point.

 

[W2L]

Or at least control them.

By banning them.

 

[JackRT]

By banning them.

Actually by attempting to restrict access to firearms to sane people only.

 

[iluvatar5150]

Yes thats my point.

Well, there's a difference between something actually happening and somebody's fear that it's going to happen. Fear rarely correlates to reality.

 

[sfs]

By banning them.

When was the last time a Democratic administration tried to ban guns?

 

[W2L]

Actually by attempting to restrict access to firearms to sane people only.

Why? a person on meds cant be responsible?

 

[JackRT]

Why? a person on meds cant be responsible?

That would depend on the condition being treated and also to some extent on the drugs involved. People with medical conditions are routinely denied drivers' licenses.

 

[W2L]

When was the last time a Democratic administration tried to ban guns?

Not sure. but didnt sales boom under Obama? Why was that?

 

[W2L]

People with medical conditions are routinely denied drivers' licenses.

For what conditions? Mental disorders?

 

[inquiring mind]

Could it be because everyone is feeling so much safer during the Trump administration, and just not seeing the need to buy guns?

 

[JackRT]

Not sure. but didnt sales boom under Obama? Why was that?

Remember the insane Jade Helm speculations?

 

[W2L]

Remember the insane Jade Helm speculations?

No, please elaborate.

 

[Hank77]

No, please elaborate.

Jade Helm 15 conspiracy theories - Wikipedia

Ex CIA director: hysteria over Jade Helm 15 military exercise fueled by Russians

 

[W2L]

Remember the insane Jade Helm speculations?

Are you saying thats responsible for booming Obama era gun sales?

 

[JackRT]

Some certainly. The conspiracy theorists went wild with President Obama and if truth were gunpowder there wasn't enough to blow your nose.