As previously reported, GE Commercial Distribution Finance (GECDF) filed suit in early April seeking a restraining order, claiming the high-profile retailer has an “out-of-trust” balance of just over $3.56 million. The alleged “default” stems from the closure of its outlet in Mesa, Ariz., and the subsequent distribution and sale of inventory at other McMahon’s RV sites.
Lemonis noted, “This is the toughest RV transaction that I’ve ever seen and I’ve been doing this for 11 years. Employees and customers are caught in the cross fire.”
Lemonis emphasized that the deal hinges on approval from GECDF, McMahon’s “floorplan lender and landlord.” He added, “If this goes through it should go a long way to filling the hole for both customers and employees.”
McMahon’s RV is a longtime dealer in Southern California, and represents one of a few RV retailers in the area that survived the effects of the recession. Lemonis acknowledged that owner Brent McMahon had built a strong business model.
“Brent is a great marketer and he built a nice business,” he said, “but this transaction is something that needed to happen for everyone’s sake.”
Lemonis was unable to pinpoint a timeline for the transaction, again stating that proceedings will pend on the go-ahead from GECDF.
A court date in the lawsuit, filed in the Central California U.S. District Court, is set for May 7 to determine “why the court should not grant GECDF a preliminary injunction” prohibiting McMahon’s from “further disposing of GECDF’s collateral.”
The Register-Guard reported that Camping World of Eugene offers new and used motorhomes and towable RVs from some of the industry best-known brands.
On the accessory side, it offers products ranging from appliances to water filters from vendors such as Honda, Coleman, Champion and Weber, and a private line of products for the RV, outdoor and home markets.
The grand opening is scheduled to start at 10 a.m. today (April 4) and run through April 13, the company said. The store is open from 8 a.m. to 6 p.m. Monday through Friday, from 8 a.m. to 5 p.m. Saturday and from 10 a.m. to 5 p.m. Sunday. On April 17, the store will move to spring and summer hours, staying open an hour later Monday through Saturday.
For more information about Camping World of Eugene, go online to www.CampingWorldofEugene.com .
For the ninth consecutive year Camping World RV Sales was ranked as the nation’s No. 1 seller of towable and motorized RVs for 2013, per data compiled by Statistical Surveys Inc. According to a press release, Camping World dealerships amassed 47 individual dealer awards for being the top in class in their respective states.
“We are honored to be recognized by Statistical Surveys with this award again in 2013 and very proud of our 47 individual awards,” said Roger Nuttall, president of Camping World Retail Group. “Our staff is giving tremendous effort in offering the best customer service and RV selection that we can provide and we thank them for their efforts.”
Camping World RV Sales surpassed 46,000 total new and used RV sales in 2013 and experienced unprecedented sales increases, excellent market share growth, and retained strong positions of market leadership.
“We take pride in our excellent 2013 results and the completion of another great year for our team,” said Marcus Lemonis, chairman and CEO of Camping World and Good Sam. “In 2014, we will continue to target growing our market share through same store growth, additional acquisitions, and focus on improving our sales and service customer experience. We are excited about these opportunities and confident in our ability to continue growing our RV business in 2014.”
Statistical Surveys is a premier provider of market intelligence to the RV industry. Statistical Surveys’ awards are based solely on unit volume according to independent data gathered annually.
Camping World Inc., which bills itself as the world’s largest seller of RV supplies and accessories, has opened one of its latest stores in Fresno.
The Fresno Bee reported that the dealership, which sells new and used RVs and has a large showroom of RV parts and camping supplies, is located at a site that long ago was occupied by Venture Out, another RV dealership, and is lodged between two other RV stores.
The retail accessories store opened in late January, general manager Dave Grigorieff said, and sales of RVs began in early February after the business received its license from the state Department of Motor Vehicles.
It is Camping World’s 11th store in California (six of which sell RVs), and the chain has more than 100 stores nationwide.
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Camping World Inc. and Good Sam Enterprises LLC announced a new project to install massive American flags at various Camping World supercenters across the country to honor veterans.
According to a press release, the flags measure 30-feet-by-60-feet or 40-feet-by-80-feet, depending on zoning regulations, and the poles are 130 feet tall. In many cases these will be the largest flying American flags in the surrounding area.
“Our company places extreme pride and value on our country and its veterans. A large percentage of our employees and also customers are veterans, and we want to honor them, their dedication to our country and to our local communities,” said Marcus Lemonis, chairman and CEO of Camping World and Good Sam. “By making this proud statement, our goal is to bring local communities together in celebration of everything that has been accomplished by veterans for our country.”
Camping World welcomes veterans and the local community to attend the formal flag raising ceremonies at supercenters that install the American flags. Employees will also personalize the ceremonious procedure, including signing the gold ball topper on the flag pole.
Designated employees will be assigned to the work and maintenance associated with flying the flag, such as bringing flags in during severe weather and performing consistent examinations for rips and tears.
Camping World SuperCenters in Tucson, Ariz., New Braunfels, Texas, Jacksonville, Fla., Redding, Calif., and Lubbock, Texas, are among the first locations to display these massive American flags. Upcoming locations that are slated to raise these flags include Mesa, Ariz., Coburg, Ore., Ocala, Fla., Valencia, Calif., Meridian, Idaho and Lake Park, Ga., with many more to follow.
Camping World Inc. and its Good Sam Enterprises LLC affiliate won’t be hosting any consumer rallies in 2014. Instead, according to a Friday (Jan. 11) posting on the company’s Facebook page, the Lincolnshire, Ill.-based mega-dealer and club owner will take a step back, reevaluate its location options and map plans for its next Camping World/Good Sam Rally – or rallies — in 2015.
The news comes as somewhat of a surprise to many in the industry, considering that CW/GS’s high profile 2013 rallies, which took place in October at the Atlanta Motor Speedway and in June at the New York State Fairgrounds, appeared to have been successful based on statements issued by CW/GS spokespeople.
The two rallies drew thousands of recreation vehicle consumers for social functions, seminars, vendor displays and big name entertainment like the Beach Boys, Vince Gill, Reba McEntire and Wayne Newton.
“The Good Sam Club has seen tremendous growth in the past few years, expanding to nearly 1.5 million members,” CW/GS told consumers on Facebook. “Attendance at our Camping World/Good Sam Rallies has soared as well, limiting the number of locations that can host such a large RV gathering. To evaluate our options and search for the right locations to meet the growing number of members’ needs, the Rally is taking a year off in 2014 to plan ahead. RVers can look forward to bigger things from the world’s greatest RV rally in 2015, so stay tuned.
“The Camping World/Good Sam Rally has been North America’s largest RV event since 2000,” the posting stated, “attracting seasoned RVers and novices alike to immerse themselves in the RV lifestyle – meeting fellow enthusiasts, listening to industry experts and shopping for great deals on RV’s and RV accessories. After a year’s planning, the 2015 event will be the best ever.
“For starters, we’re ramping up our daily seminar lineup with a full range of presentations covering all aspects of the RV experience. Look for more on-site activities and off-site tours, along with the kid-friendly youth program and more and better dining choices. Of course, we’ll also bring the best in big-name entertainment to the Rally stage each evening.”
Other than brand name club events planned by a few companies around the country, this leaves the Family Motor Coach Association (FMCA), a Cincinnati-based motorhome owners club, as the only organization sponsoring national-scale consumer rallies in 2014, with FMCA’s 89th Family Reunion & Motorhome Showcase planned for Mar. 17-20 at the Georgia National Fairgrounds & Agricenter in Perry, Ga., and the club’s 90th showcase slated for Aug. 13-16 at the Deschutes County Fair & Expo Center in Redmond, Ore.
Camping World Inc. announced today (Nov. 4) that it has secured a new $525 million multiyear floorplan credit facility.
According to a press release, Bank of America, N.A., which serves as the administrative agent, led the transaction. JP Morgan, who has partnered with the company since 2003, acted as co-agent. The facility also includes seven of the nation’s premier lenders: US Bank, SunTrust, Key Bank, M & T Bank, Bank of the West, Ally Bank and CIT.
Marcus A. Lemonis, chairman and CEO, stated, “Our company’s explosive same store sales plus additional acquisitions and openings, coupled with another year of an unprecedented level of profitability, has earned us a multi-year facility. Our top line outlook for 2014 remains positive, our tight inventory controls and right sized SGA has us well positioned for another solid financial performance.”
Floorplan financing is a line of credit that allows dealers to borrow against their inventory, and then repay that debt as they sell their inventory or borrow against the line of credit again to add new inventory.
Marcus Lemonis, president and CEO of Camping World Inc. and Good Sam Enterprises LLC, will risk $2 million of his own money in the CNBC show “The Profit” during this week’s episode, and invested a company called Eco-Me that’s in debt, poorly marketed and inefficient.
According to a report by the Mother Nature Network, Lemonis “found a void in the marketplace for all natural cleaning products” and believed in the company’s founder, Robin Levine. “But what needed to change was their broken sales and distribution process, and the supply side of the business—manufacturing and distribution,” Lemonis said. “I changed the packaging and branding, creating an identifiable brand. And I cleaned up the balance sheet, which ultimately changed the way they operate.”
The environmentally friendly aspects of Eco-Me appealed to Lemonis. “Green products work for everyone whether you are truly green or not. Who wants chemicals in their products? These products aren’t as niche as the original packaging made it out to be,” he said, noting that he uses them at home. “Sales are up tremendously since the episode taped, “but I do see small tweaks that could make it even better.”
Not all of his “Profit” deals work out as well. “I don’t invest in every company featured, but I wish all the companies well whether I invested in them or not,” Lemonis said. “My biggest success actually with this series is meeting new people and helping them change their process and business for the better.”
Looking ahead beyond the two remaining “Profit” episodes this season, he adds, “While I am not specifically looking for green companies, if a company meets my criteria then I would definitely consider for Season 2.” He has already invested in natural manufacturers like organic snacks and gluten-free products.
Camping World Inc. and Good Sam Enterprises LLC today (June 25) announced plans to open a new facility in Rossford, Ohio, slated for the spring of 2014.
According to a press release, the new supercenter will be located in the Toledo area near the intersection of Interstate 75 and the Ohio Turnpike and is near numerous rapidly growing businesses, including a Bass Pro Shop. Development plans call for a 10- to 12-acre facility including an RV dealership, service bays, a Camping World retail store and a state-of-the-art collision center. The new store will join over 100 other national locations along with two other supercenters near Rossford in Akron, Ohio, and Belleville, Mich.
Camping World said it was approached by several developers and ended up choosing the Toledo area because of the national and state parks, fishing, camping and other recreational points of interest that are key for the RV lifestyle. With expected support of city officials, Camping World is in final stages of planning the new location while discussing generating tax revenue and new employment opportunities to the community. Early discussions have shown strong support and interest from multiple manufacturers, suppliers and vendors looking for additional expansion in to this growing market.
“Our growth plans across the country are consistent with Camping World’s philosophy of commitment to enhance our customers’ total RV experience,” said Marcus Lemonis, chairman and CEO of Camping World. “By increasing the growth of both the retail and dealership locations in our network, Camping World is getting closer to achieving our goal of truly being the one-stop shopping location for the RV and outdoor enthusiast across the country and to continue to bring the best RV makes and models to the RV community.”
The company expects to open the new Supercenter in the Toledo area in early 2014 with plans to hire about 25 to 30 new employees to reinforce their sales, service and support needs for the dealership and accessory store.
“Camping World is dedicated to providing its customers with the best experience and value in the industry. Our goal is to expand our business into new areas, and we are very excited about serving the greater Toledo community,” said Lemonis. “Camping World has a strong history of unparalleled value, selection and personal customer service and we look forward to serving the Toledo area in the near future.”
All details, including launch timing, specific address, RV manufacturers and product lines will be announced at a later date.
Camping World Inc. and Good Sam Enterprises LLC today (June 11) announced that it has signed an agreement to acquire Marty’s US RV, an existing RV dealership in Berkley, Mass., in the next 30 to 45 days. According to a press release, plans are for the location to undergo a major expansion to renovate into a larger facility including additional service bays, a new Camping World retail store and a state-of-the-art collision center. Camping World currently has nearby New England area supercenters in Chichester and Conway, N.H.
“We are pleased to begin the acquisition of Marty’s US RV and expand our market share throughout Massachusetts as well as the greater New England area,” said Marcus Lemonis, chairman and CEO of Camping World and Good Sam. “For over 22 years Marty Hanoud and family have proudly served the Boston area with top notch service and the best in products. Our decision to branch into the Boston market was fully realized only because of the quality reputation that Marty’s US RV has in their community. We expect the New England market to allow us to broaden our customer reach, build upon our market leadership position in recreational sales, and make Camping World the leading retailer in the growing outdoor market.”
The supercenter will be officially named Camping World of Boston and represents the first full-service location in Massachusetts for Camping World.
Lemonis noted, “I always look for three things: People, Process and Product in relation to enhancing our Camping World and Good Sam presence. The Hanoud Family clearly meets that test. Our goal is to add more quality manufacturers and brands, increase our presence in the market, and grow the work force. The Boston area is perfect for outdoor enthusiasts with camping areas like the Boston Harbor Islands, Cape Cod and the Myles Standish State Forest to hike, camp and just enjoy life. We are excited to begin serving this market.“
The new supercenter in the Boston market will add to Camping World’s future growth plans and the company expects to soon announce several additional markets of expansion throughout the country.
Camping World of Boston will also be adding positions for seasoned and professional RV sales associates, technicians and retail support as the facility expands in addition to the current staff at the Marty’s US RV location.