In the company's latest financial statement to investors, Remington Outdoor Company disclosed declining sales of firearms and ammunition in the last quarter, with many consumers purchasing less expensive guns and ammunition.

One of the best known makers of protective eyewear has linked up with one of the oldest names in firearms to introduce a co-branded line of protective glasses perfect for the shooter.

It's unclear what the big house cleaning at Remington Outdoor Company means, but one of the industry's most connected analysts seems to think the news foreshadows an effort by Remington to more aggressively pull out of some recent issues with its products.

In a statement announcing the rebranding of Para USA to Remington, Big Green admits it failed with the introduction of the R51 and the Marlin move, vowing to "listen" to its customer "and learn from our mistakes."

Remington Outdoor Company announced Tuesday it was launching a new incentive program to help boost sales by giving top retailers cash for moving inventory.

According to Remington spokesperson Jessica Kallam, the company believes the change "improves service to the independent retailer."