"Herb Philipsonβs Army and Navy Stores, Inc. announced Tuesday the company had filed a petition for Chapter 11 of the U S Bankruptcy Code to secure new financing, according to a release from the company."
"As of 2012, hunters and target shooters have paid more than $7.2 billion in excise taxes through the Federal Aid in Wildlife Restoration Act since its passage in 1937. Sportsmen and women contribute nearly $8 million a day to support wildlife and wildlife agencies. An average hunter spends $2,484 every year on the sport."