[wsuweston]

Re: Sportsman's Warehouse to close 23 stores

I hope they keep the Vancouver store. I don't care about paying tax. I gladly trade tax costs for sitting in traffic. Everyone keeps mentioning Fishermans, everything I have ever bought there has cost more then Joes or SW.

 

[WildernessHunter]

News
March 10, 2009

Stuart Utgaard, the Chairman and CEO of Sportsman's Warehouse Holdings, today announced that the company is taking two major actions to improve liquidity.
1. 23 stores are being liquidated to reduce bank debt.
• Aurora, CO
• **** Rapids, MN
• DePere, WI
• Henderson, NV
• Lafayette, IN
• Las Cruces, NM
• Las Vegas, NV
• Legacy, TX
• Memphis, TN
• Nampa, ID
• New Berlin, WI
• Oklahoma City, OK
• Pittsburgh, PA
• Pocatello, ID
• Roanoke, VA
• Rogers, AR
• Round Rock, TX
• St. Cloud, MN
• Sioux Falls, SD
• Southaven, MS
• Visalia, CA
• Wichita, KS
• Woodbury, MN
2. 15 stores are being sold to UFA Co-op.
• Bend, OR
• Bozeman, MT
• Burlington, WA
• Coeur d’Alene, ID
• Fargo, ND
• Federal Way, WA
• Helena, MT
• Kennewick, WA
• Lacey, WA
• Missoula, MT
• Portland, OR
• Salem, OR
• Silverdale, WA
• Spokane, WA
• Vancouver, WA
It is hoped that these actions will enable the firm to go forward as a viable entity with approximately 2,300 employees. Sportsman's Warehouse is a leading outdoor retailer of sporting goods headquartered in Midvale, Utah.

 

[Eagleclaw]

glad to see the Bend store made the list:applause:

What about the Medford Store???

 

[WildernessHunter]

My guess is that the stores that do not appear on this list are going to be kept and continue to do business under Stu's ownership.

 

[Legend21]

Thank the Maker that Salem made the list too....yahoo! :applause: Hopefully the UFA keeps it intact for the most part and just changes the name.

By the way, WildernessHunter, thanks for the update.

 

[Firedog]

Re: Sportsman's Warehouse to close 23 stores

I hope they keep the Vancouver store. I don't care about paying tax. I gladly trade tax costs for sitting in traffic. Everyone keeps mentioning Fishermans, everything I have ever bought there has cost more then Joes or SW.

+1

 

[Firedog]

Re: Sportsman's Warehouse to close 23 stores

Store closing or sold list. Like like the oregon stores and Vancouver store are being sold
http://www.sportsmanswarehouse.com/company.cfm

 

[Chesapeake]

Will be interesting to see if the new ownership is an improvement or not.

I wonder if they have the same Walmart type stocking setup where they cary the same stuff in all stores regardless of its relevance to the local area?

 

[Myles]

UFA seems to be a farm store?? Is anyone familiar with them?

Myles

 

[Old Goat]

Looks like Sportsman's will be more of a regoinal enterpise like Les Schwab. There is a fairly tight holding of stores in the northwest. Making distribution of product more cost effective. Makes me think that the northwest is the best part of their operation...which is good for us! There are 30 stores not on either list...not closing or being sold. Those might be the best of the lot.

Goes to show that Cabella's was smart to limit their density of stores. Remember that the expansion effort of Tom Peterson's was the nail in his coffin. Get too greedy during peak economic times and you are not able to survive a slowdown. Sporting goods are a luxury item too...not a necessity...at least to some

 

[Mossyhorn]

So these stores that are being bought up, are they essentially going to stay the same inside with the same products being sold?

 

[spottedhawk36]

will it still be called sportsmans warehouse?

 

[spottedhawk36]

so do you think these financial problems and the sale are the reason sportsmans shelves have been empty of alot of stuff?

 

[No Wishin Just Fishin]

Stu is probaly keeping the best for Himself. I know that the Loveland, Colorado store is #3 money maker in the chain, and is not on either list.

 

[huntercgr]

Stu is probaly keeping the best for Himself. I know that the Loveland, Colorado store is #3 money maker in the chain, and is not on either list.

And the Grand Junction store has to be up there as well. I thought it was odd the Fargo store is included in the sale.

March 10, 2009

Stuart Utgaard, the Chairman and CEO of Sportsman's Warehouse Holdings, today announced that the company is taking two major actions to improve liquidity.

This must mean some stores will stay open as Sportsman's Warehouse.

 

[StevenB]

I think the Sara Palin Anchortown store will live on. Or so I hope.