We are more than a bit spoiled these days for sure. I remember clipping out an ad from a Marvel comic back in the 80s when I was 5 or 6. Something like $4.95 and 6 Bonkers fruit candy wrappers for a digital watch that transformed into a robot. 6-8 weeks before it arrived in BFE Indiana. Damn, that was a cool watch though.
As for this new business model for Emerson, I dunno. I have never really cared for their in-house products, but their ZT designs were pretty solid. That said, taking out the middle man sounds like it saves money on its front. I mean, you don't have to negotiate "bulk rates" and selling the same knife at MSRP just means you're rolling in it. Except for all of the very good points that everyone brings up: Lack of exposure, producing product that is kept on hand and thus not a profit until it happens to sell...maybe, and just random luck on an impulse buy while someone is browsing an online dealer's website. I'm not really sure the brand is strong enough to sit on its own. Brands aren't really a thing as they once were. It is now about influence, and the whole tacticool thing is getting long in tooth, tbh.
Hope it works out. Hell, maybe they can scale back, sell direct, and know that they are going to take a (pure guess) 35% hit on product sold and still be OK. If the model supports keeping overhead costs low, product orders going FIFO without a lot of extra inventory sitting around in the bins, and enough top of mind marketing keeps people buying their knives (even if it is far fewer), then it could be enough coin to keep things going if you are looking to sunset/plateau instead of sell the business.