Deal Positions Camping World for Expanded e-Commerce Growth and
Customer Reach
LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--
Camping World Holdings, Inc. (NYSE:CWH) (“Camping World”), the nation’s
largest network of RV-centric retail locations, today announced to
purchase TheHouse.com, an online retailer specializing in bikes,
sailboards, skateboards, wakeboards, snowboards and outdoor gear.
The acquisition will build on and complement the significant foundation
already in place to serve customers across the Camping World RV
SuperCenter network and positions the company for even faster e-commerce
growth in the future by expanding customer reach and adding new product
offerings. Camping World recently acquired certain assets of Gander
Mountain, a leader in the hunting, fishing, camping, and outdoor gear
market and Overton’s, which features boating and marine accessories.
“We believe this acquisition of the online retailer, TheHouse.com,
continues our focus of an omni channel approach”, said Marcus Lemonis,
Chairman of Camping World. “The management team not only possess a
strong knowledge of the active sports market but also has a keen eye for
the development and invention of products. This vertical strategy not
only provides for a nice bolt on to the company but enhances the renewed
strategy behind the new Gander Outdoors model.”
Camping World and TheHouse.com will maintain distinct brands, with
Camping World focusing on the outdoor camping and RV industry, while
TheHouse.com will continue to provide a unique experience for the active
outdoor lifestyles.
Lemonis continued, “This new acquisition, coupled with Overtons.com and
GanderOutdoors.com, continues our effort to grow our understanding of
the outdoor enthusiast and furthers our strategy of continuing to
diversify both in activity and demographic of our Good Sam Club member.
About Camping World Holdings, Inc.
Camping World Holdings Inc. (NYSE:CWH) is the only provider of a
comprehensive portfolio of services, protection plans, products and
resources for recreational vehicle (“RV”) enthusiasts. Through its two
iconic brands, Camping World and Good Sam, the company offers new and
used RVs for sale, vehicle service and maintenance along with more than
10,000 products and services through its retail locations and membership
clubs. Good Sam branded offerings provide the industry’s broadest and
deepest range of services, protection plans, products and resources
while the Camping World brand operates the largest national network of
RV-centric retail locations in the United States with over 135 retail
locations in 36 states and an e-commerce platform. With both brands
founded in 1966, product and service offerings are based on 50 years of
experience and customer feedback from RV enthusiasts.
For more information, visit www.CampingWorld.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995
concerning Camping World and other matters. All statements other than
statements of historical facts contained in this press release may be
forward-looking statements. Statements regarding our future results of
operations and financial position, business strategy and plans and
objectives of management for future operations are forward-looking
statements. In some cases, you can identify forward-looking statements
by terms such as ‘‘may,’’ ‘‘will,’’ ‘‘should,’’ ‘‘expects,’’ ‘‘plans,’’
‘‘anticipates,’’ ‘‘could,’’ ‘‘intends,’’ ‘‘targets,’’ ‘‘projects,’’
‘‘contemplates,’’ ‘‘believes,’’ ‘‘estimates,’’ ‘‘predicts,’’
‘‘potential’’ or ‘‘continue’’ or the negative of these terms or other
similar expressions. The forward-looking statements in this press
release are only predictions. We have based these forward-looking
statements largely on our current expectations and projections about
future events and financial trends that we believe may affect our
business, financial condition and results of operations. Forward-looking
statements involve known and unknown risks, uncertainties and other
important factors that may cause our actual results, performance or
achievements to be materially different from any future results,
performance or achievements expressed or implied by the forward-looking
statements. You should carefully consider the risks and uncertainties
that affect our business, including those described in our filings with
the Securities and Exchange Commission. These forward-looking statements
speak only as of the date of this communication. Except as required by
applicable law, we do not plan to publicly update or revise any
forward-looking statements, whether as a result of any new information,
future events or otherwise. You are advised, however, to consult any
further disclosures we make on related subjects in our public
announcements and filings with the Securities and Exchange Commission.
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Source: Camping World Holdings, Inc.