Camping World evaluating shift or closing of up to 37 retail locations
Camping World announced that management and its board of directors approved a plan to strategically shift away from locations where the company does not have the ability or where it is not feasible to sell and/or service RVs. Currently, the company operates 165 locations that sell and/or service RVs, with over 30 RV dealership locations opened or acquired since January 1, 2018. In addition, the company operates 37 locations which do not sell and/or service RV's but sell its assortment of outdoor lifestyle products. At certain locations that do not sell and/or service RVs, the company is in the process of attempting to acquire and/or obtain the developmental consents, approvals and permits necessary for the sale and/or service of RV's. The company is in the early stages of evaluating the impact of the Plan and has had preliminary discussions regarding the sale, repurposing, relocating or closing of certain locations, with the current expectation of either selling, repurposing, relocating or closing approximately 27 to 37 locations. The actual number of stores the company sells, repurposes, relocates, or closes may change. As part of the Plan, the company is also evaluating the impact on the company's supporting infrastructure and operations and expects the majority of the activities contemplated under the Plan to be completed by year-end.