Welcome to our dedicated page for Camping World news (Ticker: CWH), a resource for investors and traders seeking the latest updates and insights on Camping World stock.
Camping World Holdings, Inc. reports recurring developments tied to its RV dealership and outdoor retail business, including new and used recreational vehicle sales, finance and insurance activity, service work, parts and accessories, and Good Sam services. Company updates frequently address unit volumes, same-store sales trends, gross profit, SG&A efficiency, Adjusted EBITDA, inventory turns, and conditions affecting RV consumer demand.
News also covers Good Sam partnerships and digital financing initiatives, dividend declarations on Class A common stock, earnings call schedules, investor presentations, and governance changes. These items reflect Camping World’s operating focus across RV and Outdoor Retail and Good Sam Services and Plans.
Camping World Holdings (NYSE: CWH) announced the addition of Elizabeth Garry as VP of Ecommerce and Jessica Wegner as VP of Customer Loyalty and Membership to bolster growth initiatives. Garry will enhance the company's digital retail platform, drawing from her experience at Wayfair and Walmart eCommerce. Wegner will focus on customer acquisition and retention, expanding the profitable Good Sam Membership segment, leveraging her previous roles at Discover Financial Services and Ulta Beauty. CEO Marcus Lemonis emphasized the importance of innovative leadership to strengthen the company.
Camping World Holdings, Inc. (NYSE: CWH) announced the release of its financial results for the first quarter of fiscal 2021, scheduled for May 4, 2021, before market opening. A conference call to discuss these results will begin at 7:30 a.m. CT, with dial-in options available for investors and analysts. The call will also be webcast live for online accessibility, and a replay will be available shortly after the call concludes and until May 11, 2021. Camping World is the largest retailer of RVs and related products in America, with a strong commitment to customer service and community.
Camping World Holdings (NYSE: CWH) has announced an Investor Conference taking place on September 14-15 in Salt Lake City, Utah. The event aims to share insights on the Company's strategic goals with investors and analysts. Hosted by Marcus Lemonis, the conference will feature a dinner reception and a presentation of the first Electric World retail location in Draper. The complete agenda will be available on the Camping World Investor Relations page from May 1, 2021.
Camping World Holdings (NYSE: CWH) announced the acquisition of approximately 9 acres in Cheyenne, Wyoming, for a new SuperCenter, marking its first location in the state. The anticipated opening is in late 2021/early 2022. CEO Marcus Lemonis expressed excitement about expanding the company’s reach and positively impacting the local economy. The new facility will feature a range of new and used RVs along with camping products and services from Good Sam. Camping World operates over 170 locations nationwide and continues to grow its comprehensive offerings.
Camping World Holdings (CWH) announced the acquisition of Hilltop RV Superstore, which has locations in Escanaba and Ishpeming, Michigan. The deal is expected to close in May 2021, expanding Camping World’s presence in a strong RV market. This acquisition will add two new SuperCenters, allowing the company to enhance its product offerings closer to consumers. Following the acquisition, Camping World will operate six locations in Michigan, building on its extensive network of over 170 SuperCenters nationwide.
Camping World Holdings (NYSE: CWH) announced an acquisition of Trailer City RV dealership in Fairmont, WV, marking its first location in the state. This deal is expected to close in May 2021 and aligns with the company's strategy to expand its presence across the U.S.
Marcus Lemonis, CEO, highlighted the dealership's 50-year history and customer care as vital to the acquisition. The new SuperCenter will offer various RVs and outdoor products, enhancing Camping World's network of over 170 locations nationwide.
Camping World Holdings (NYSE: CWH) has opened a new SuperCenter in Medford, OR, expanding its presence to six locations in the state. This dealership is situated along I-5 at 938 Chevy Way and will operate under the Camping World brand, complementing a Gander RV & Outdoors location nearby. The grand opening celebration is set for April 23-25, featuring promotions on RV and outdoor products. Camping World operates over 170 SuperCenters nationwide and offers a wide range of RV-related services and products.
FreedomRoads, a subsidiary of Camping World Holdings, filed a lawsuit against Tumbleweed Tiny House Company's President Steve Weissmann to collect over $3 million owed under a secured promissory note. This stems from Tumbleweed's default on payments since January 2020, following a bankruptcy petition filed in March 2020. The lawsuit seeks damages that include unpaid principal, interest, and legal fees.
Good Sam Enterprises, an indirect subsidiary of Camping World Holdings (NYSE: CWH), has initiated a lawsuit against RV Advisor and Gigi Stetler for trademark infringement and false advertising. The lawsuit claims that the Defendants have unlawfully used Good Sam's trademark and spread misleading information about its products and services. COO Tamara Ward emphasized that Good Sam is committed to protecting its brand, which has been cultivated over 55 years, from deceptive practices that could mislead customers and harm its reputation.
Camping World (NYSE:CWH) has acquired Nielson RV, a leading RV dealership in Southern Utah, enhancing its market position. Scott Nielson, the sole owner, has agreed to a five-year non-compete post-sale. The deal includes all assets, inventory, and locations, valued at over $32 million. Nielson RV was projected to generate $50 million in revenue in 2018 and ranked as one of the top dealerships in Utah. This acquisition aims to broaden Camping World's reach and improve operational synergies in the RV sector.