Firearm Distributor File For Bankruptcy Amid ‘Trump Slump’

By Tom Knighton

AP Photo/Brennan Linsley, File

Most in the firearm industry admit that the election of President Donald Trump was the best case scenario for them in 2016. While a win by Hillary Clinton would likely have spurred additional sales, the firearm industry would have been under constant assault. With a Trump win, they could rest easy for at least four years, relatively secure as they moved forward.

Unfortunately, that doesn’t mean the Trump victory didn’t come at a cost.

With less perceived pressure on the firearm industry and a president who seems unlikely to sign gun control regulations, the firearm industry has hit a low point in sales after eight years of boom times under the Obama administration.

Again, most would agree this is ultimately better, but it’s not like there isn’t a downside here. For example, some companies aren’t going to get enough sales to thrive.

One distributor recently filed for bankruptcy.

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, hurt by falling sales after President Donald Trump was elected and as Dick’s Sporting Goods Inc began moving away from firearms.

The company, whose units including …Read the Rest

Source:: Bearing Arms