STOCK TITAN

Camping World Holdings Announces Market Expansion with New SuperCenters in Texas, Louisiana and Idaho

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Camping World Holdings (CWH) announced the opening of new SuperCenters in Spring, Texas, and Breaux Bridge, Louisiana, along with a planned Gander RV SuperCenter in Pocatello, Idaho set to open on December 1. With over 160 locations nationwide, the company aims to enhance customer convenience and outdoor experiences, driven by consumer demand. Marcus Lemonis, Chairman of Camping World, emphasized growth in new markets, leveraging RV parks and campgrounds for consumer expansion. The company is also focused on improving its dealer network through strategic acquisitions and facility upgrades.

Positive
  • Expansion into new markets with SuperCenters in Spring, Texas, and Breaux Bridge, Louisiana.
  • Planned opening of a Gander RV SuperCenter in Pocatello, Idaho, scheduled for December 1.
  • Focus on enhancing customer experience and convenience, aiming to fulfill consumer needs.
Negative
  • None.

LINCOLNSHIRE, Ill.--()--Camping World Holdings, Inc. (NYSE: CWH) (“Camping World”), the nation’s largest network of RV and outdoor lifestyle - centric retail locations, announced today it has expanded its national footprint with the recent openings of Camping World SuperCenters in Spring, Texas and Breaux Bridge, Louisiana, along with a planned opening of a Gander RV SuperCenter in Pocatello, Idaho, scheduled for December 1st.

"As we continue to expand our network and portfolio, we are driven by our customer’s expectations for convenience and personalization in their shopping experience, while looking to enhance their outdoor adventure experience,” said Marcus Lemonis, Chairman of Camping World. “We are focused on fulfilling the needs of our consumer base and will continue to research new market opportunities to deliver on areas best for the outdoor enthusiasts’ community.”

Camping World Holdings currently owns and operates over 160 SuperCenters nationwide, with most locations specializing in RV sales and service, RV parts and accessories, outdoor lifestyle products and its entire portfolio of Good Sam products and services. As part of the company’s growth strategy, the brand is making major investments in the quality of its dealer network. From new strategic acquisitions, new store development and facility upgrades, the company’s network will continue to expand and evolve while serving their customers' outdoor, RV and camping needs.

"These new markets allow us to continue to leverage our recognition and financial strength as we enter 2021 with strong growth plans," added Lemonis. “With hundreds of RV parks and campgrounds in these markets, they are prime areas for consumer growth.”

Camping World is always looking for seasoned and professional RV sales associates, technicians, and retail support to assist with locations across the country. Individuals interested in applying for a position with Camping World may visit http://www.campingworldcareers.com/.

About Camping World Holdings, Inc.

Camping World Holdings, headquartered in Lincolnshire, Illinois, is America’s leading recreational vehicle and outdoor 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 more than 160 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, our capital return strategy, and expected dividend payments 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 the important factors discussed under the caption “Risk Factors” in our Annual Report on Form 10-K filed for the year ended December 31, 2019, as updated in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2020, and our other reports filed with the SEC. 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.

Contacts

Contact Karen Porter PR-CWGS@campingworld.com

FAQ

What new locations has Camping World opened in 2023?

Camping World opened new SuperCenters in Spring, Texas, and Breaux Bridge, Louisiana.

When is the Gander RV SuperCenter in Pocatello, Idaho, scheduled to open?

The Gander RV SuperCenter in Pocatello, Idaho, is scheduled to open on December 1, 2023.

How many SuperCenters does Camping World operate nationwide?

Camping World operates over 160 SuperCenters nationwide.

What is Camping World's strategy for growth in 2023?

Camping World aims to enhance customer convenience, expand its dealer network, and strategically acquire new locations.

Who is the Chairman of Camping World?

Marcus Lemonis is the Chairman of Camping World.

Camping World Holdings, Inc.

NYSE:CWH

CWH Rankings

CWH Latest News

CWH Stock Data

1.44B
56.95M
2.09%
76.26%
16.64%
Auto & Truck Dealerships
Retail-auto Dealers & Gasoline Stations
Link
United States of America
LINCOLNSHIRE