| Updated: April 24, 2024 |
Published: 2016-01-23 |
(eNews.pk) -
Gun businesses are seeing record sales and profits as people rush out to arm themselves – and Shot Show in Las Vegas has 12 miles of exhibitions to help
We're kind of firearms connoisseurs, "Whitney said Condit while enthusiastically explored the latest semi-automatic pistols and assault rifles to hit the market in Shot Show, the largest industry trade show in the world gun.
As he spoke, fellow enthusiasts spread over the 2.25m square foot Sands Expo Convention Center at the Venetian casino on the Las Vegas Strip. "We like to be in range, we like to shoot. It's a passion of ours."
Condit and her fiance, Colin Gallagher, former star of reality show Top Shot shooting, and have "about 200" weapons, but are looking for the next piece to add to your collection. "We rifles, shotguns, pistols. Whatever, we more or less have," Condit, who runs a page of Firearms = LOVE Pinterest said.
The pair of Wichita, Kansas, are among the more than 60,000 people descended on Sin City this week to Shot Show, which has grown to become the fifth largest convention in Las Vegas, according to the trade association weapon National Shooting Sports Foundation (NSSF).
Steve Sanetti, president of the CNSS, paraphrased Winston Churchill when he opened the show in a full gala dinner with a comedian. "During some very dark days of his own: We may experience some setbacks when a frightened and mislead public events without thinking we can find our way forward has been blocked temporarily We may even have to endure a period of darkness before the facts and.. the truth about lawful, responsible gun ownership again conquer the powerful forces set against us. The road ahead will be arduous and expensive. But people will not be fooled for long. They, and we will prevail. "
Inside the convention center, the military generals in uniform mingled with the leaders of the Boy Scouts toured over 12 miles of exhibits showing everything from the last full tactical assault rifles with laser guided tours of Lethal Lace, a league that can double as a cover.
Like all marketeers know, sex sells - and weapons are no different. Manufacturers have hired a number of professional models to pose with their latest weapons. Guns.com, the daily blog weapons, collected photos of your favorite women in the show "who do their best to highlight and promote new products, equipment and, of course, weapons." Attendees who want to see more are invited to "the sexiest show ammunition after party" in the joint Sapphire strip on the strip. Free admission with pass Shot Show.
Weapons are big business, and the industry is raking in record sales and profits as people rush to arm after a series of mass shootings and the fear of increased gun control legislation.
Gun Fever led Wall Street analyst Brian Ruttenbur call Barack Obama, who announced earlier this month a series of executive actions designed to enforce the laws of arms sales, "the best seller of firearms"
FBI background checks, which act as a proxy for arms sales hit a record 23.1m in 2015 - more than two and a half times all that processed a decade. Only in December - the month of the mass shooting in San Bernardino, California, which left 14 people dead and 22 seriously injured, over 3.3 million applications were processed through the instant criminal background check the FBI National System ( NICS).
Demand is so high without precedents Stephen Morris, an assistant director of the FBI, has warned of a "perfect storm" and canceled all annual leave for staff 400 NICS before Black Friday, when the system was overwhelmed with a record one day 185345 background check requests.
While the agents are struggling to keep up with demand, manufacturers of weapons are celebrating record sales. Smith & Wesson, the largest US arms with a market value of $ 1.1bn, has raised its sales and profit targets and told investors that some dealers are beginning to run out of some of her most popular weapons .
Smith & Wesson, which makes 90% of its money selling arms to consumers, expects its annual revenues for a total of $ 650 million to $ 660 million in the year to the end of April, compared to $ 627m He made the previous year and 57% more than it did in 2012. Smith & Wesson is run by the British CEO James Debney.
The company's shares have more than doubled in the past year, with significant peaks after every mass shooting. Jan Mládek, CEO of S & W, refused to talk to the Guardian on gun control, while touting the benefits of the model M & P15 assault rifle company used to deadly effect in San Bernardino. Later the show's organizers have called for Guardian reporters escorted from the fairgrounds.
Another gun largest listed company in the US Sturm, Ruger & Company has seen its shares rise 44% last year. During the same period, the Dow Jones index of the largest reserves of the country has been reduced by 10%.
The other big player is US weapons Remington Outdoor (formerly Liberty Group), which is owned by private equity group billionaire Stephen Feinberg of Cerberus Capital Management. Remington, which makes the Bushmaster XM15 semiautomatic rifle-E2S used in the slaughter of the Sandy Hook Elementary School, won $ 939m in firearms and ammunition sales in 2014, the latest year available. Cerebus had agreed to sell freedom after the tragedy of Sandy Hook, but still owns the company with her Bushmaster and DPMS / Panther, the major players in the rifles of military-style assault.
Jurgen Brauer, an economics professor who specializes in the arms industry, said: "Every time there is even talk of weapons of regulatory fire there almost immediately an unmistakable increase in sales even talk of such legislation translates into. sales jump.
People are buying weapons as part of the American dream of freedom and liberty, "Brauer, who is based at the College of Business center at the University of Augusta said." And also, the hope and the dream of being able to use weapons in self-defense.
People rarely get to live that dream, the FBI data show that gun owners are 78 times more likely to commit suicide than go out to take a "justifiable homicide," the agency describes as "murder a criminal, during the commission of a felony, by a private citizen. "
Apart from arms manufacturers, retailers are also riding a wave. The number of firearms-sellers has grown nearly five times faster than the US population in the last five years, according to an analysis by the Bureau of Alcohol, Snuff, Firearms and Explosives data.
Neil Hogue, owner of the company gunboats accessories Hogue Incorporated, he said the industry expects sales to jump 25-40% this year. "Right now sales are really being driven by fear," he said as he showed the Guardian about his shot show stand. "The fear of not being able to get those particular weapons in the future. And the fear of not being able to protect your family and protect your home.
Mayor of firearms seller of Walmart nation that has weapons for sale at about half of its 4,500 stores, refuses to provide data on arms sales, but the Liberty Group told investors that 9 % of total sales "became a client, Walmart". Walmart recognizes Ruttenbur with Dick's Sporting Goods and Cabela's account 20% of the market.
Smaller retailers are happy to talk more freely about their success. Wearing a bright blue mohawk, Thomas Thompson - Yuma Coin and gun shop in Arizona, near the border with Mexico - said sales of weapons have increased by more than 50% in the last six months.
"Because of all the laws that they [politicians] are looking to spend are selling faster than anything weapons," he said. "Some people are afraid that you will not be able to buy certain weapons and some are more 'I have to have this" like everyone is talking about it
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