New branch expansion in addition to the acquisition strategy
LINCOLNSHIRE, Ill., May 31, 2022–(BUSINESS WIRE)–Camping World Holdings, Inc. (NYSE: CWH) (“Camping World”), America’s recreational retailer, today announced plans to further expand its RV sales and service network with the completion of 11 new RVs announced dealer locations in seven states by the end of 2022. This announcement follows the acquisition of Richardson’s RV Centers, which split last week.
“We are committed to strategically and profitably expanding our sales and service presence to capitalize on the more than 11 million installed motorhome owner base and the tremendous growth of new entrants to the lifestyle,” said Marcus Lemonis, Chairman of Camping World. “Expanding into these seven states is another step in our continued growth into operations in the contiguous 48 states. Our sales and service infrastructure will also support RVs.com’s upcoming digital offering by ensuring we can reach all Americans interested in the lifestyle through both locations, the Service, Collision, Maintenance and Parts, and our newly launched mobile service initiative to offer.”
New RV sales and service locations, scheduled for completion in 2022, include:
Camping World currently owns and operates SuperCenters in 42 states specializing in RV sales and service, RV parts and accessories, outdoor lifestyle products and the entire portfolio of Good Sam products and services. As part of the company’s growth strategy, the brand is investing heavily in the quality and expansion of its dealer network. From new strategic acquisitions, new branch development, service capacity increases and facility upgrades and expansions, the Company’s network will continue to expand and evolve while serving the needs of its outdoor, RV and camping customers.
About Camping World Holdings, Inc.
Headquartered in Lincolnshire, IL, Camping World Holdings, Inc. is (together with its subsidiaries) America’s largest retailer of RV and related products and services. Our vision is to build a long-term legacy business that makes RV travel fun and easy, and our Camping World and Good Sam brands have been serving RV customers since 1966. We strive to create long-term value for our customers, employees and shareholders to create by combining a unique and comprehensive range of RV products and services with a national network of RV dealers, service centers and customer service centers together with the industry’s most extensive online presence and a highly skilled and knowledgeable team of employees dedicated to bringing the RV lifestyle to our customers provide , and the communities in which we operate. We also believe that our Good Sam organization and family of programs and services uniquely enable us to connect with our customers as stewards of the RV enthusiast community and lifestyle. With RV sales and service locations in 42 states, Camping World has grown to become one of the premier travel destinations for RVs of all types. Visit www.CampingWorld.com for more information.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to Camping World and other matters. All statements contained in this press release, other than statements of historical fact, may be forward-looking statements. Statements regarding our future expansions, acquisitions and new store openings are forward-looking statements. In some cases, you can identify forward-looking statements by words such as “may”, “will”, “should”, “expects”, “plans”, “anticipates”. ”could” ”intends” ”goals” ”projects” ”considers” ”believes” ”estimates” ”projects” ” “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 could 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 differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. You should carefully consider the risks and uncertainties affecting our business, including those described in our filings with the Securities and Exchange Commission (“SEC”), including under the heading “Risk Factors” in our Annual Report on the form we filed 10-K year ended December 31, 2021, with the SEC February 24, 2022, and our other reports filed with the SEC. These forward-looking statements speak only as of the date of this release. Except as required by law, we do not intend to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. However, you are encouraged to consult any other disclosures we make on related matters in our public filings and filings with the SEC.
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