NEWS RELEASES
Camping World Refocuses On RV Sales And Service
Editor's Note: This news item was retrieved and first published through BusinessWire's website.
LINCOLNSHIRE, Ill.- Camping World Holdings, Inc., announced that its management and board of directors have decided to shift away from locations where it does not have the ability to sell and/or service RVs. This will involve the sale, repurposing, relocating or closing of approximately 27 to 37 locations. Currently, Camping World operates 165 locations that sell and/or service RVs, including over 30 RV dealership locations opened or acquired since January 1, 2018. An additional 37 locations do not sell or service RVs but sell outdoor lifestyle products. At some of these, the company is attempting to acquire the permits necessary for the sale and/or service of RV’s. Camping World expects that the majority of these changes will be completed by the end of 2019.
In a news release, Marcus A. Lemonis, chairman and CEO of Camping World, stated, “We believe the sale and/or servicing of recreational vehicles is our core and most important offering and, with the RV and outdoor consumer crossover, we believe there is an opportunity to continue growing our market share and improve our financial performance through the operation of locations with RV sales and/or service and, when feasible, our hunting, fishing and camping products. We will continue to operate our RV sales and/or service locations under three banners, Camping World, Gander RV and Outdoors, and Gander RV.” The news release also announced the opening of new RV dealerships in Coldwater, MI; Springfield, IL; Breaux Bridge, LA; Wichita, KS; Greenville, NC; Cicero, NY; Marion, IL; Denton, TX; Ashland, VA; Ft. Pierce, FL; Belleville, MI; Henderson, NV; Lakeville, Hermantown, and Forest Lake, MN; and Oklahoma City, OK, as well as the acquisition of two new RV dealerships: Richards RV Center located in Quincy, MI and Diamond RV Center located in West Hatfield, MA.
For additional information, visit the Camping World Holdings investor website.
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