© By Othmar Vohringer
The world wide economic decline has claimed many victims. Businesses went belly up and the multinational industry begs the governments for huge bailout sums, and unemployment figures are at an all time high.
It was only a matter of time until we would hear rumors and news of hunting industry bankrupts. Rumor has it that Horton Crossbows is in financial trouble and as of this writing is negotiating a takeover by a multinational company to save the company. Should the deal fall through Horton will have to close the doors.
Another hunting industry giant, the Sportsman’s Warehouse, had been in the rumor mill about financial difficulties for quite some time. The rumor has now become fact with the company filing for Chapter 11 Bankruptcy protection. The good news is that despite the financial problems some Sportsman’s warehouse stores are still open for the time being with no closures scheduled. The bad news is that 22 locations in 17 states have been closed, leaving 1’700 employees without a job.
Read the full story here.
So far the hunting industry has done remarkably well compared to other industries. Especially firearm and ammunition factories. I hope that the global economists and politicians get the economy back on track before it claims too many more victims.
Othmar Vohringer Outdoors
Founding Member of Outdoor Bloggers Summit