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Rec. USA Gets Funding for Recapitalization

October 31, 2002 by · Leave a Comment 

Holiday RV Superstores Inc., the retail store chain doing business as Recreation USA, has received a funding commitment from Affinity Group Inc. (AGI) Chairman Steve Adams for a recapitalization intended to restore the company’s compliance with Nasdaq SmallCap market listing requirements. As of Wednesday (Oct. 30), Nasdaq had not yet responded to Holiday RV’s restructuring plan. Under the plan, Adams, as an individual investor, will provide $2.5 million to $3.5 million in additional funding to... Read more

Fleetwood RV Sales Revenue Up 33%

October 31, 2002 by · Leave a Comment 

Fleetwood Enterprises Inc.’s RV sales revenue increased by 33% in the second quarter of its fiscal year 2003, which ended Sunday (Oct. 27). The Riverside, Calif. company reported its overall RV sales totaled $396 million in the August-through-October period, compared with $297 million during the same period a year earlier. Fleetwood’s motorhome sales revenue amounted to $240 million, a 40% improvement over a year-earlier. Fleetwood’s travel trailer and fifth-wheel sales revenue also showed... Read more

Holiday RV Superstores Restructures Operations

October 31, 2002 by · Leave a Comment 

Holiday RV Superstores Inc., the retail chain doing business as Recreation USA, has restructured its operations by selling its Roseville, Calif., location and consolidating its two Orlando, Fla., metro area locations, according to Marcus Lemonis, chairman, president and CEO. Lemonis’ goal is to consolidate the company’s Winter Garden, Fla., location into its Clermont, Fla., location effective Friday (Nov. 1). The Clermont location, most likely, will be Holiday RV’s largest, generating $25 million... Read more

Full-timers Voting Rights Still Up for Grabs

October 31, 2002 by · Leave a Comment 

Advocates of open voter registration rights for full-time RVers came up with little more than a handful of air in Congress’ efforts to prevent a repeat of the 2000 election debacle. The question of full-timers voting rights arose in Livingston, Texas, the headquarters of the 30,000-member Escapees RV Club. A Polk County commission candidate challenged the right of 9,000 Escapees members to vote absentee. All were registered to vote in Livingston and received mail there. The challenge was unsuccessful.... Read more

RV Business Seeks Newsmakers Nominees

October 31, 2002 by · Leave a Comment 

This is election season and the staff of RVBUSINESS.COM and RV Business magazine decided it’s a good time to ask our readers to submit nominations for RV Business Newsmakers for 2002. Please e-mail nominations to RV Business Publisher Sherman Goldenberg at: goldenberg@kconline.com. Because Tuesday (Nov. 5), is election day, we have set next Tuesday as the deadline for submitting nominations. This year’s Newsmakers will be named in the January 2003 edition of RV Business. Newsmakers nominees... Read more

Encore Communities Plans Major Acquisitions

October 30, 2002 by · Leave a Comment 

Encore Communities plans to aggressively expand its base of high-end, destination resorts by investing $150 million in park acquisitions during the next two years, according to a top company official. “We’re going to continue to focus within the company’s core markets in Florida, the Rio Grande Valley of Texas, Arizona and California,” reports David A. Napp, chairman and CEO of the Scottsdale, Ariz.-based firm. “However, we also expect a certain number of our acquisitions to take place... Read more

Passport America to Offer More Services

October 30, 2002 by · Leave a Comment 

Passport America, one of the nation’s largest discount campground clubs, will launch a mail forwarding service and a quarterly magazine in November as it tries to broaden its appeal to the growing number of RVers across the country. “We’re beginning to diversify a little bit,” said Vernon Simmons, president and CEO of the Gulfport, Miss.-based campground club. “The magazine will add additional value to what we’re doing and help us stay in contact with our members.” Passport America’s... Read more

Dealer Inventories Expanded Slightly in August

October 30, 2002 by · Leave a Comment 

Dealer inventories of new units expanded slightly in August although they remained rather tight, particularly in the case of towable RVs, according to shipment data compiled by the Recreation Vehicle Industry Association (RVIA) and retail sales figures gathered by Statistical Surveys Inc. Tight dealer inventories appeared to be the case especially with fifth-wheels and folding campers, where factory shipments and retail sales most closely matched. In the case of fifth-wheels, RVIA members reported... Read more

AGI’s Ehlert Buys Trade Pub Boating Industry

October 30, 2002 by · Leave a Comment 

Ehlert Publishing Group Inc., sister company of TL Enterprises Inc., publisher of RV Business and RVBUSINESS.COM, has acquired the 73-year-old trade publication Boating Industry International as part of its plan to grow within the recreational boating market. Both Ehlert and Ventura, Calif.-based TL are units of Affinity Group Inc. (AGI). Ehlert, based in Minnetonka, Minn., publishes 16 powersports magazines and newspapers for boating, motorcycle, snowmobile, personal watercraft and archery enthusiasts. “Boating... Read more

Monaco/Toolson Contribute to Oregon Candidate

October 29, 2002 by · Leave a Comment 

Monaco Coach Corp., Coburg, Ore., and Kay Toolson, the company’s chairman and CEO, have contributed a total of $25,500 to the campaign of the Republican candidate for governor of Oregon, according to The Register-Guard newspaper of Eugene, Ore. GOP gubernatorial candidate Kevin Mannix and his Democratic opponent, Ted Kulongoski, each have raised more than $2 million in contributions from the public as the campaign heads into its final week, according to The Register-Guard, which cited campaign... Read more

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