Camping World Inc., the nation’s largest RV and outdoor retailer, today (Feb. 11) announced that it has acquired property in both Saukville, Wis., (Milwaukee area) and Fort Pierce, Fla., for expansion and future development to meet customer needs for product and service in new markets.
According to a press release, plans are under way to expand the company footprint with two additional locations in high traffic, outdoor-centric markets.
“These are great markets for Camping World/Good Sam to expand to,” said Marcus Lemonis, chairman and CEO of Camping World. “These locations fit nicely into our existing footprint and have a strong base on Campingworld.com customers as well as Good Sam members already in the area. We are excited to move forward in our own growth while serving our customers’ outdoor, RV and camping needs.”
The Camping World of Milwaukee and Camping World of Fort Pierce will feature motorhomes and towables from the finest manufacturers and brands including Winnebago Industries, Fleetwood, Thor Motor Coach, Itasca, Coleman, Heartland, Keystone, Forest River, Cross Roads, Monaco, Holiday Rambler, Jayco, Starcraft and Coachmen.
On the accessory side the new locations will feature new and innovative products including interactive displays and customer experiences from the top vendors such as Dometic, Thetford, Honda, Goodyear, Winegard, ADCO, Camco, Roadmaster, Husky, Resse, Cequent, Exide, Ultra-Fab, Coleman, Valterra, Dicor, Champion, Rand McNally, Max-Air, BAL, Cummins, Onan, Progressive Dynamics, Weber, HWH, Presto-Fit, Stromberg-Carlson, Atwood, Xantrex, Magellan, King Controls, Charbroil, Amerigas, Exxon Mobil products and Norcold.
“These new locations position Camping World for continued growth in both Florida and Wisconsin. Today the company operates a store in Madison, Wisconsin and in nearby Island Lake, Ill. In Florida, the existing 13-store Florida network will be enhanced with the new Fort Pierce location. Our Florida customers continue to embrace our growing presence in the sunny state,” stated Johnny Sirpilla, chief business development officer for Camping World/Good Sam. “We look forward to delivering the highest quality and outstanding service that Camping World customers have come to know and expect across the country.”
Camping World Inc. announced it has acquired additional acreage on the heels of opening its new SuperCenter in Tampa, Fla. The new location, officially named Camping World of Tampa, opened in July 2012 and will expand on an additional 24 acres.
Plans are underway to expand the new I-4 Tampa SuperCenter to be the largest retail facility in the company’s 100-location network. Currently, the location is undergoing expansion to expand and renovate into an 80,000-square-foot facility that will include 40 additional service bays, a new 17,000-square-foot Camping World retail store and a state-of-the-art collision center. The new facility will be completed within seven months with the process starting in mid-February.
“This is an incredibly exciting opportunity for Camping World,” said Marcus Lemonis, chairman and CEO of Camping World. “This location will be the flagship for Camping World Retail not only in Florida but in the entire U.S.”
He added, “This acquisition unquestionably positions Camping World to take the leadership position in the Southeastern United States. We look forward to delivering the highest quality and outstanding service that Camping World customers have come to know and expect across the country”.
The new Camping World facility is supported by 13 Camping World RV dealerships and retail stores already in the state of Florida.
Camping World Inc. announced that it has secured a new substantial increase of its multi-year floorplan credit facility.
According to a press release, Bank of America, N.A., which serves as the administrative agent, led the transaction. JP Morgan, which 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 Flagstar.
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 2013 remains positive and 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.
Camping World Inc. will be opening its newest retail location, Camping World of Central Missouri, in late spring/early summer.
According to a press release, the outlet will be located on I-70 in the facility that formerly housed Lovealls RV in Columbia. Major renovation will occur at the property to construct a new 21,000-square-foot sales and service center.
“Central Missouri is an ideal setting for the RV enthusiast with close proximity to great camping and wonderful lakes,” said Roger Nuttall, president of Camping World RV Sales. “Our goals as a company are to identify locations where we can best serve the needs of the RV Community and the Columbia area is a great fit.”
“With the success we have experienced in the Springfield, Mo., market, we feel the addition of a Super Center in the middle of the state sets the stage for future Missouri expansion, east to St. Louis and west to Kansas City” added Marcus Lemonis, Camping World chairman and CEO.
Good Sam Enterprises LLC reported improved sales and earnings results for the third quarter, ended Sept. 30.
Revenues of $139.6 million for the third quarter of 2012 increased $11 million, or 8.6%, from the comparable period in 2011, the company reported.
Net income in the quarter was $3.3 million compared to $2 million for the same period in 2011. Good Sam’s financials do not reflect rolling stock sales from the company’s Camping World Inc. unit.
Membership services revenues of $38.7 million for the quarter decreased $0.4 million, or 1.1%, from the comparable period in 2011. This revenue decrease was largely attributable to a $1.7 million decrease in member events revenue due to the timing of annual member rallies and a $1 million decrease in revenue resulting from merging the President’s Club into the Good Sam Club. These were partially offset by a $2 million revenue increase from extended vehicle warranty programs and a $0.3 million increase in emergency road service revenue.
Retail revenues of $95.4 million for the quarter increased by $13.2 million, or 16.1%, from the comparable period in 2011. Aftermarket parts and accessories store merchandise sales increased $10.9 million due to a same store sales increase of $5.4 million coupled with a $6.1 million increase due to the opening of 16 new Camping World stores over the last 21 months.
Media revenues were down 24.1% to $5.5 million for the quarter from the comparable period in 2011. This decrease was primarily attributable to a $0.7 million reduction in consumer show revenue, a $0.6 million reduction resulting from the sale or closure of non-core media businesses in 2011, and a $0.5 million reduction in magazine revenue.
Two stores were closed in the last 21 months in order to consolidate operations within specific geographic areas. Also, mail order and Internet sales increased $3.8 million, installation and service fees decreased $1.2 million, and supplies and other revenue decreased $0.3 million.
To view the entire report click here.
The big, abandoned car dealership on Interstate 95 in Jacksonville, Fla., is going to get a tenant. Camping World Inc. will move in next spring, opening an RV dealership.
The Florida Times-Union reported that it’s been more than three years since the plans to open a multi-dealership auto complex stalled. Construction began on the Jacksonville Auto Mall in 2008. But after the first building went up, construction stopped. And that one building, which was supposed to be a Hyundai dealership, was never occupied. It all just sat.
Fred Hassan of Jacksonville bought the 12.9 acres recently for $700,000 and will lease it to Camping World. Hassan used to own Suncoast RV, with 15 locations. He sold eight of them to Camping World and the rest to other companies.
“It needs a lot of work,” he said. “I’ll probably spend a couple million to get it [to] the tenant’s specs.”
Along with the Jacksonville location, Hassan is tearing down a shopping center along Interstate 75 south of Valdosta to make room for another Camping World dealership.
Camping World is the country’s largest RV and accessories dealer, with close to 90 locations nationwide, said Matt Bateh, general manager in Jacksonville. Locally, it has stores in St. Augustine and another store on Beach Boulevard in Jacksonville, but business is doing well enough to warrant a third location, he said.
“Everyone thinks that because gas prices are up, people don’t drive RVs,” he said. “But if you’re willing to spend $350,000 for a motorhome, you don’t care about gas prices.”
He said he wasn’t certain, but he expected the new store to be bigger than Beach Boulevard, which carries about 125 units, and smaller than St. Augustine, which usually has at least 200.
Camping World also sells parts, accessories and other camping supplies such as kayaks and bikes. Bateh said he expected to hire about 35 employees, but that wouldn’t begin until next year.
Mega-dealer Camping World Inc. and affiliate Good Sam Enterprises LLC today (Nov. 7) announced their donation of $75,000 in sleeping bags, blankets, air mattresses, lanterns & 2,000 gallons of water to the relief efforts in the New Jersey communities affected by Hurricane Sandy and the recent winter storms.
Camping World and Good Sam ran a nationwide blanket drive in their retail stores and corporate offices and are sending shipments of blankets from their locations across the country as well as trucks of supplies from their distribution centers to aid in the Hurricane Sandy relief efforts. All supplies are being sent to the Camping World location in Lakewood, N.J., to be distributed to multiple relief centers in the Ocean County area.
The relief aid is scheduled to arrive tomorrow morning and will be available for pick up at the area relief centers starting that evening.
Participating relief centers include: Point Pleasant & Point Pleasant Beach; Church of Grace & Peace in Toms River, Lacy Methodist Church in Lacy Township and Visitation Church in Brick, New Jersey. All donated supplies will be available to those in need during normal relief center hours.
The ongoing legal dispute between Chicago-based mega-dealer Camping World Inc. and well known Seffner, Fla.-based retailer Lazy Days RV Center Inc. was played out in stark relief this past weekend (Nov. 2-4) in front of exhibitors and consumers who converged in some 3,375 rigs at Florida’s Daytona International Speedway for the Good Sam Rally hosted by Camping World affiliate Good Sam Enterprises LLC.
Claiming to have been spurned as an exhibitor after years of rally participation, Lazydays CEO Randy Lay and staff opted to set up a display with some 55 new and used towable and motorized units in a campground outside the Speedway’s third turn – a display promoted with an offer of free camping by a banner-toting aircraft, leaflets, radio advertising along with an email and social media campaign.
The whole scene, which drew plenty of attention among industry observers, took place about 110 miles east of Lazydays’ Tampa-area dealership, which was billed as America’s largest single-site dealership for years until its acquisition two years ago of the former Beaudry facility in Arizona.
Lay, for his part, claims the remote display resulted in plenty of consumer traffic for Lazydays, despite the fact that the retailer was denied access to the rally grounds by Lincolnshire, Ill.-based Camping World, with whom Lazydays has been fighting a turf war of sorts for several months in the Florida market over an array of issues.
“I was there a couple of hours Saturday with the guys, and there were quite a few people there, quite a few happy new and returning customers,” said Lay, adding that about 100 rig owners took Lazydays up on its free camping offer. “So, yeah, the traffic was good. We went down there with a reasonable array of new and used towable and motorized product. The new stuff that we brought down were units that we could bring down, given our territory limitations, and on used (units), obviously, you can bring whatever you’d like. So, it was a nice mix of new and used products.”
While Camping World Chairman Marcus Lemonis was unavailable for comment, Lay claims that Lazydays was essentially unwelcome at the Good Sam Rally.
“Well, yes, despite what Camping World and Good Sam have said in the media about the rallies being open and being Switzerland (neutral) – that just didn’t turn out to be the case,” said Lay, whose dealership participated at Good Sam’s booming Phoenix rally this past spring. “It was made pretty clear to us through a number of channels that we would not be welcome. So, we decided that under those circumstances, we would just put on our own event so that we could be there for our customers.
“If our customers weren’t there and if our customers didn’t want to see us, obviously, there was no reason to be there,” said Lay, who had served as the dealership’s CFO since 2007 before succeeding John Horton as CEO in early October. “But our customers wanted to see us and wanted us to be there and we weren’t going to let a little thing like that get between us and our customers.”
Good Sam Enterprises LLC announced that it intends to file on Nov. 14, 2012 its third-quarter financials report for the period ended Sept. The report will be available on the SEC’s website at www.sec.gov.
The company has scheduled a conference call to discuss its third quarter results at 11 a.m. Eastern on Nov. 15. Marcus Lemonis, president and CEO, and CFO Thomas Wolfe will host the conference call.
Those wishing to listen to the conference call by telephone may dial (866) 283-8243 in the U.S. and Canada. Please allow time for the operator to obtain your name, phone number and company name.
Camping World Inc. is marking the addition of RV sales to its Nashville, Tenn., location with a grand opening celebration, which began on Sept. 13 and will run through Saturday. According to a press release, Camping World has been a fixture in the Nashville market for many years but this is the first RV sales location in the city and the third in Tennessee.
The new 13,000-square-foot Camping World of Nashville facility is easily accessible from interstates 65, 40 and 24 and two miles from the historic Grand Ole Opry.
“We are looking forward to introducing our dealership and the exciting assortment of very competitively priced towable and motorized RVs,” said Roger Nuttall, president of Camping World RV Sales. “Bringing RVs to our Nashville retail store has been something our customers have consistently inquired about and we are happy to fulfill that request.”
“Camping World prides itself on excellent customer service and in offering a unique one stop shopping environment,” said Marcus Lemonis, Camping World chairman and CEO. “Our entire Nashville staff looks forward to helping our customers achieve the best possible shopping experience.”
Other Tennessee Camping World stores are located in Chattanooga and in the Knoxville area. The company has plans to announce acquisitions of additional locations and expansions in the next several months as part of Camping World’s disciplined and strategic growth strategy, in which the retailer continues to successfully grow the business and define itself as the clear leader in the RV and outdoor industry based on aggregate revenue, growth and market share.