Trump's election partly responsible for legendary gunmaker's demise: Experts

Experts say the changing winds in Washington, specifically the election of President Donald Trump, has dramatically reduced the demand of guns and have hurt the bottom line of manufacturers like the Remington Outdoor Company.

"I am confident this regrouping ensures that Remington will continue as both a strong company and an indelible part of our national heritage," Jim Geisler, executive director of Remington, said in the statement.

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