Camping World Holdings Inc. announced that management and its board of directors approved a plan to strategically shift away from existing locations that do not have the ability to sell and service RVs.
According to a press release, the company currently operates 165 locations that sell and/or service RVs, with over 30 RV dealership locations opened or acquired since Jan. 1, 2018. In addition, Camping World operates 37 locations that do not sell and/or service RV’s but sell its assortment of outdoor lifestyle products. At certain locations, Camping World is in the process of attempting to acquire and/or obtain the developmental consents, approvals and permits necessary for the sale and/or service of RVs.
The company also operates TheHouse.com, primarily an ecommerce business, with five current specialty retail locations, while it recently sold 13 Uncle Dans and Rock Creek specialty retail locations.
As part of the plan, the company is also evaluating the impact on its supporting infrastructure and operations and expects the majority of the activities to be completed by year-end.
Marcus Lemonis, chairman and CEO, 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.”
He added, “We will continue to open new RV dealerships and opportunistically make RV dealer acquisitions.”
Lemonis reported that Camping World recently opened, or plans to open, new RV dealerships under the Camping World, Gander RV and Outdoors, Gander RV and Airstream banners in Coldwater, Mich.; Springfield, Ill.; Breaux Bridge, La.; Wichita, Kan.; Greenville, NC; Cicero, N.Y.; Marion, Ill.; Denton, Texas; Ashland, Va.; Ft. Pierce, Fla.; Belleville, Mich.; Henderson, Nev.; Lakeville, Hermantown and Forest Lake, Minn.; and Oklahoma City, Okla.
He added, “We are also very pleased to announce the acquisition of two new RV dealerships, Richards RV Center located in Quincy, Mich., and Diamond RV Center located in West Hatfield, Mass.