Inventory has been extremely hard to replace this year because of Covid, an
election year, the riots and finally the problems of some our manufacturers. Most
factories are operating at 60-70% capacity because of Covid, and we have
product demand somewhere around 300%. We have 7.7 million first-time gun
buyers this year and the system has really been strained just with their
purchases.
Then Remington declared bankruptcy. Taking Remington’s ammo sales out of
the mix this year was a huge blow from which we have not yet recovered. Federal
Ammo bought the ammunition part of Remington and they are trying to get the
Remington factory in Lonoke, Arkansas back up and running. They have rehired
400 of the 700 people Remington was employing before they went broke, but now
Federal has ammo backorders totaling over 1 Billion dollars. Billion with a “B”!
Most people think it will be a year to a year and a half before “normal” becomes
normal again.
That said, we still are getting in guns, although we cannot just order what we
need. We have to rely on our suppliers to parcel out firearms as they become
available, so our inventory is lower than any time other than our first two years, in
ammunition, reloading and firearms. Please bear with us as we all work through
this explosion of orders.