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Camping World to Expand National Footprint in 11 Major Markets by End of 2022
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Rhea-AI Summary
Camping World Holdings, Inc. (NYSE: CWH) is expanding its RV sales and service network with plans to complete 11 new dealership locations across seven states by the end of 2022. This follows the acquisition of Richardson’s RV Centers. The initiative aims to serve over 11 million RV owners and new customers, enhancing service infrastructure for the soon-to-launch RVs.com digital offering. Currently operating in 42 states, Camping World positions itself as a leader in the RV retail sector.
Positive
Expansion of 11 new dealership locations in seven states by end of 2022.
Acquisition of Richardson’s RV Centers supports growth strategy.
Targets growing market of over 11 million RV owners.
Investment in service infrastructure enhances customer reach.
Negative
None.
New store expansion in addition to acquisition strategy
LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--
Camping World Holdings, Inc. (NYSE: CWH) (“Camping World”), America’s Recreation Dealer, today announced plans for their continued expansion of their RV sales and service network through the completion of 11 new dealership locations, in seven states, by the end of 2022. This announcement is on the heels of the acquisition of the Richardson’s RV Centers shared last week.
“We are committed to strategically and profitably expanding our sales and service presence to capitalize on the 11 million plus installed RV owner base along with the tremendous growth of new entrants to the lifestyle,” said Marcus Lemonis, Chairman of Camping World. “The expansion in these seven states is yet another step in our continued growth towards operating in the 48 contiguous states. Our sales and service infrastructure will also support the soon to be launched RVs.com digital offering by ensuring we can reach all Americans interested in the lifestyle through both locations offering service, collision, maintenance, and parts as well as our newly launched mobile service initiative.”
The new RV sales and service locations scheduled for completion in 2022, include the following:
La Mirada, CA
San Martin, CA
Kansas City, KS
Belleville, MI
Branson, MO
Scott City (Cape Girardeau), MO
Billings, MT
Sunbury (Columbus), OH
Green Bay, WI
Onalaska, WI
Oshkosh, WI
Camping World currently owns and operates SuperCenters in 42 states, 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 and expansion of its dealer network. From new strategic acquisitions, new store development, increases in service capacity and facility upgrades and expansions, the company’s network will continue to expand and evolve while serving their customers' outdoor, RV and camping needs.
About Camping World Holdings, Inc.
Camping World Holdings, Inc., headquartered in Lincolnshire, IL, (together with its subsidiaries) is America’s largest retailer of RVs and related products and services. Our vision is to build a long-term legacy business that makes RVing fun and easy, and our Camping World and Good Sam brands have been serving RV consumers since 1966. We strive to build long-term value for our customers, employees, and shareholders by combining a unique and comprehensive assortment of RV products and services with a national network of RV dealerships, service centers and customer support centers along with the industry’s most extensive online presence and a highly trained and knowledgeable team of associates serving our customers, the RV lifestyle, and the communities in which we operate. We also believe that our Good Sam organization and family of programs and services uniquely enables us to connect with our customers as stewards of the RV enthusiast community and the RV lifestyle. With RV sales and service locations in 42 states, Camping World has grown to become the prime destinations for everything RV. For more information, visit www.CampingWorld.com.
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 about our future expansions, acquisitions, and new store openings 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 (“SEC”), including under the caption “Risk Factors” in our Annual Report on Form 10-K filed for the year ended December 31, 2021, with the SEC on February 24, 2022, 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 SEC.
