LINCOLNSHIRE, IL--(BUSINESS WIRE)--
Camping World Holdings, Inc. (NYSE: CWH) (“Camping World” or “the
Company”), the nation’s largest network of RV-centric retail locations,
today announced plans to dramatically increase RV sales locations over
the next 15 months through the launch of Gander RV Sales, new store
openings and continued acquisitions.
Camping World currently owns and operates 133 RV dealerships nationwide,
specializing in RV sales, service, outdoor and RV after-market
accessories and its entire portfolio of Good Sam products and services.
Just over one year ago, in May 2017, Camping World was the successful
bidder for certain assets of Gander Mountain. Since the acquisition,
Camping World has negotiated leases for a number of the old Gander
Mountain locations in key RV markets where Camping World is
underpenetrated and has tremendous opportunity to grow its RV market
share and expand its customer base. Since the beginning of this year,
Camping World has opened fifty stores rebranded as Gander Outdoors. With
those stores up and running, Camping World has made significant
investments in technology and infrastructure and laid the groundwork for
the planned launch of up to 40 Gander RV Sales branded locations by
Spring of 2019.
Marcus Lemonis, Chairman and Chief Executive Officer, stated, "Camping
World is an RV-centric business and everything we do is targeted to
expand our customer base, grow our Good Sam Club and increase our RV
market share. In late 2016, we launched our “side-by-side” strategy to
expand our customer base and increase our market share in a region by
operating an existing Camping World dealership with an acquired
dealership operating under its legacy brand name. Similarly, through the
opening of the Gander Outdoors stores, the launch of Gander RV Sales and
the introduction of new and innovative products for the younger outdoor
and cost-conscious consumer, we believe we will increase the width and
depth of our customer base for our RV-centric offerings and Good Sam
products and services. We have always viewed Gander Outdoors as the most
cost-effective method to increase our RV sales presence and grow our
Good Sam Club, particularly in key RV markets where we are
underpenetrated. It is not by coincidence that the Gander Outdoors
locations selected are in key markets with a very strong RV registration
base and areas that we have been targeting for growth.”
With the recent opening of the first Gander RV Sales location in
Kenosha, WI, expect new Gander RV Sales locations to follow in Madison,
WI, Wausau, WI, Franklin, WI, Green Bay, WI, Onalaska, WI, Eau Claire,
WI, Baraboo, WI, Franklin, WI, Forest Lake, MN, Lakeville, MN,
Hermantown, MN, Baxter, MN, Amarillo, TX, Spring, TX, Tyler, TX, Ft.
Worth, TX, Roanoke, VA, Cicero, NY, Ocala, FL, Pensacola, FL, Bowling
Green, KY, Paducah, KY, Augusta, GA, Marion, IL, Springfield, IL,
Chesterfield, MO, Huber Heights, OH, York, PA, Greensburg, PA, Parker,
CO, Jackson, TN, Mooresville, NC, Fayetteville, NC, Gastonia, NC, and
Greenfield, IN. Additionally, the Company is currently working on and
expects to open new RV sale locations in Belleville, MI, Breaux Bridge,
LA, Wichita, KS, Boynton Beach, FL, Ft. Pierce, FL, Jacksonville, FL,
Denton, TX, Rockford, IL, and Franklin, WI. The above listed locations
along with the continued aggressive pursuit of opportunistic
acquisitions is expected to grow the Company’s RV Sales locations by
more than 30% by the end of 2019.
“We continue to position ourselves as a leader in the expanding RV
industry and the expansion into the broader outdoor lifestyle market and
the development of new and innovative products is a natural expansion to
reach the younger outdoor and cost-conscious consumer,” said Roger
Nuttall, President of the Camping World RV group. “Our planned expansion
with Gander RV Sales locations and our continuing strategy to
aggressively pursue opportunistic acquisitions and new store
development, reinforces our focus on increasing market share with our
country wide expansion.”
About Camping World Holdings
Camping World Holdings, headquartered in Lincolnshire, Illinois, is the
leading outdoor and camping retailer, offering an extensive assortment
of recreational vehicles for sale, RV and camping gear, RV maintenance
and repair, other outdoor and active sports products, and the industry’s
broadest and deepest range of services, protection plans, products and
resources. Since the Company's founding in 1966, Camping World has grown
to become one of the most well-known destinations for everything RV,
with over 145 retail locations in 36 states and a comprehensive
e-commerce platform
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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For Camping World Holdings, Inc.
Media Outlets:
Karen Porter
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or
Investors:
John
Rouleau
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Source: Camping World Holdings, Inc.