Firearms retailer files Chapter 11 bankruptcy as gun sales drop

The firearms and ammunition retail sector has experienced substantial financial challenges, prompting multiple store closures and bankruptcy filings as customer demand has weakened. Industry observers attributed some of the initial sales decline to buyers postponing purchases in anticipation of a reduction in the National Firearms Act tax, which fell from $200 to $0 beginning Jan. 1, 2026. However, sales declines have persisted throughout 2026 despite this tax change taking effect.
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