LINCOLNSHIRE, IL--(BUSINESS WIRE)--
Camping World Holdings, Inc. (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.