Sportsman's Warehouse Finally Restocking?

[Otto]

This is different. The deal with the Canadian company fell through, so they're not buying the whole chain. What's left of Sportsman's Warehouse is still hurting for cash, thus the store closures

No one said the Canadian co-op was buying everyone of their stores.
Furthermore, Sportsman's cash and credit problems were reported here 3 months ago as well.

 

[hlq]

Has anybody been to the store in CO Springs lately? I was thinking of making a trip up from down south but don't want to waste the gas if there still as bare as the last time I was there.

 

[ReloaderFred]

Here is the quote from the Sportsman's Warehouse website:

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
• Coon 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 • 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

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.

Hope this helps.

Fred

 

[X-Rap]

[/QUOTEchain. What's left of Sportsman's Warehouse is still hurting for cash, thus the store closures

No one said the Canadian co-op was buying everyone of their stores.
Furthermore, Sportsman's cash and credit problems were reported here 3 months ago as well.

]The Canadian closing had passed multiple times, thus the loss of credit and stock of items that are in high demand (guns and ammo) The stores that are going to UFA are for payment for the earnest money given for the initial buy out. The other stores that are to be sold are in poorer locations or don't have the margains that Utgaard and his people deem required to get back in black.

 

[420Stainless]

Bummer. Both locations near me are closing. Too bad they weren't prepared with inventory for the election induced panic. Maybe they could have made enough cash to stay afloat.

Me and my son are going to miss having them around.

 

[Redneck with a 40]

I've given up on them, I buy all of my supplies at gun show's. Fortunately, we have four of them per year out here.

 

[Pine Cone]

My local paper had an article today that confirms ReloaderFred's post assuming that you remove the 15 sell to UFA stores from the bottom of his 23/38 close stores list.

Lucky for me the Washington stores will stay open. Prices are better than Cabela's and my local store staff has some good folks that work there. I would hate to see them lose there jobs because of something the corporate folks did.

Still like my two local & locally owned stores, but Sportsman's has the best local rifle selection.

 

[1SOW]

Mine is going under here in San Antonio. The Legacy store

The Canadian company bought the NW US stores.
The original company is trying to make a go of it in the 4 Salt Lake City area stores.
The rest are hung in the wind.

My brother-in-law said the original SLC stores are in the same depleted stock condition as all the others.

I did get a pound of VIT powder last week. They had two more on hand.
No pistol or rifle cartridges , no small or large pistol primers, very little cleaning supplies and empty shelves.

 

[ranger335v]

"... the coming administrations unknown intentions.."

Off topic but I believe the coming adminsistration's intentions against us ARE known, just unstated as yet. But they WILL get to us after they take a moments pause from the current orgy of spending.

 

[45ACPUSER]

They over expanded! Their owner blew it in more ways then one! Now thanks to them being 350 M in the hole, they are affecting their creditor's ability to do biz.