Yahoo Finance
Guns and ammunition retailers have faced financial distress, leading to store closings and bankruptcy filings as sales have fallen significantly over the last two years.
Industry experts believe some of the decline in sales might have resulted from buyers delaying purchases to take advantage of the reduction in the National Firearms Act tax from $200 to $0 beginning Jan.
1, 2026, the National Rifle Association'sAmerican Riflemanreported.
The decline of sales, however, has continued in 2026.
Financial issues had led firearms and ammunition retailerWhite Oak Armory LLCto file for Chapter 11 bankruptcy to reorganize its business, owing a disputed tax debt to theTennessee Department of Revenue.
White Oak Armoryfiled its petition in the U.S.
Bankruptcy Court for the Eastern District of Tennessee on Aug.
24, listing $500,000 to $1 million in assets and liabilities.
The petition did not reveal whether the company's sales had declined, and the debtor did not give a specific reason for filing for bankruptcy in its petition.
The retailer was not immediately available for comment.
The firearms dealer's website and telephone were still operating on Aug.
The Cleveland, Tenn.-based debtor's largest creditor is the Tennessee Department of Revenue, owed $600,000 in disputed debt.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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