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Camping
World Announces Plans to Expand RV Sales
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Locations
by More Than Thirty Percent Through
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the Launch of Gander
RV Sales, New Store
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Openings and Continued
Acquisitions
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Lincolnshire,
IL – July 2018 / Newsmaker Alert / Camping
World Holdings, Inc. (NYSE: CWH) (“Camping World”), the nation’s largest
network of RV-centric retail locations, recently 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.
Media
Contact:
Karen
Porter
847-229-6408
Camping
World
Investors:
John
Rouleau
Camping
World Holdings |