I went in my local SWH today and found a few items on the shelves in the reloading dept. They had 2 1lb bottles of Ramshot TAC powder, a box of Sierra 40 gr .223 Hornet bullets and some new .308 Win brass. I grabbed a pound of TAC, the bullets, and 50 new .308 cases. I know it's not much but it's a start. I called SWA's corporate headquarters and asked why the shelves were bare. A very nice lady said all their warehoses were full but nothing would be put on the shelves until after the first of the year. (Something about inventory taxes and new ownership.) I have a feeling our reloading component shortage is about as real as Santa and the Easter Bunny.
Sportsman's Warehouse Finally Restocking?
- Thread starter Ky Larry
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Coltdriver
Member
Do you understand that if you are a retailer (or you stock anything) you have to pay taxes on unsold inventory at the end of the year??
Its good business to let your on the shelf inventory dwindle down to as low as you can go and to re stock in January.
On top of that everyone is running lean these days so when they do restock I don't expect it to be big. I was in Sportsmans last week and I noticed what you did, the shelves were pretty much getting bare in many places.
I am seeing a lot more sell it out then restock as opposed to carrying a lot of inventory that moves slowly or slower.
I read that the "buyers remorse" factor is huge this year. Lot's of folks are returning their gifts to get cash back.
Its good business to let your on the shelf inventory dwindle down to as low as you can go and to re stock in January.
On top of that everyone is running lean these days so when they do restock I don't expect it to be big. I was in Sportsmans last week and I noticed what you did, the shelves were pretty much getting bare in many places.
I am seeing a lot more sell it out then restock as opposed to carrying a lot of inventory that moves slowly or slower.
I read that the "buyers remorse" factor is huge this year. Lot's of folks are returning their gifts to get cash back.
deerhunter61
Member
I live in the Dallas area and the only one I am familar with is located in Austin Tx but I noticed the same thing a month and a half ago. They were real low on all of their reloading stuff. I really liked the store the first time I went in to it but since they really have not been keeping their stock up. Perhaps they were preparing for the end of the year a month and a half ago?
I have gone into Sportmans several times in the last few months and have had money to spend but have not found a thing to spend it on. The reloading shelves are bare, cleaning kits bare, holsters bare, firamrms bare. Nothing at all except clothing. I have started to shop for reloading supplies online and will keep doing just that. Sportsmans either has lousy suppliers or they don't know what they need to stock. They have gone to S*** in the past few months.
wyocarp
Member
What????
jjohnson
Member
Yep, It's all about taxes.
Absolutely correct. If the fiscal year ends with the calendar year, stuff on the shelf means tax liabilities. Your alternative as a retailer is to pass the expense on to the purchaser
I am quite sure things will get better after the inaugeration.
It certainly IS a good point, though, that if you don't have what you advertize, and backorder often (oh, like maybe MIDWAY without mentioning any names
) the consumers will find you out and air your laundry on the internet.
Okay, I'm done venting :banghead: Sportsmens has always socked me with pretty stiff shipping fees which negate any savings (who does THAT remind you of)?
Absolutely correct. If the fiscal year ends with the calendar year, stuff on the shelf means tax liabilities. Your alternative as a retailer is to pass the expense on to the purchaser
I am quite sure things will get better after the inaugeration.
It certainly IS a good point, though, that if you don't have what you advertize, and backorder often (oh, like maybe MIDWAY without mentioning any names
) the consumers will find you out and air your laundry on the internet.Okay, I'm done venting :banghead: Sportsmens has always socked me with pretty stiff shipping fees which negate any savings (who does THAT remind you of)?
ReloaderFred
Member
The Canadian Co-Operative, UFA Co-operative Limited, has purchased a controlling interest in Sportsman's Warehouse. I would imagine that there has been a "little period of adjustment" due to the purchase.
Hope this helps.
Fred
Hope this helps.
Fred
ReloaderFred
Member
I am curious about this, though: Sportsmens has always socked me with pretty stiff shipping fees which negate any savings (who does THAT remind you of)?
To my knowledge, they don't offer internet sales, only in store flyers. The only thing I could find that they sell on their website is gift cards.
Hope this helps.
Fred
To my knowledge, they don't offer internet sales, only in store flyers. The only thing I could find that they sell on their website is gift cards.
Hope this helps.
Fred
The Sportsman Warehouse in my area has for the past year been off and on with stocking supplies in the gun department. When questioned even the employees do not know when a shipment will be coming in. They have been out of or low on reloading supplies for months. It doesn't have anything to do with the first of the year.
Right now, the shelves are bare, no powder, some rifle bullets, no pistol bullets at all, only some magnum primers or shotshell. Ammo?, forget it unless you are looking for CCI 22's.
Right now, the shelves are bare, no powder, some rifle bullets, no pistol bullets at all, only some magnum primers or shotshell. Ammo?, forget it unless you are looking for CCI 22's.
Redneck with a 40
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The local Sportsmans Warehouse here in Colorado Springs, a guy at the hunting counter told us they may not be getting anymore powder for a long time, just about sold out of everything. We did however, find an 8lb keg of Longshot.
ScottsGT
Member
Columbia SC shelves bare too. I did find some small pistol primers tonight, and some case lube for my rifle reloading. Not much in the bullitts and powder though.
Hope the new owners allow sales of auto knives to us civilians now.
Hope the new owners allow sales of auto knives to us civilians now.
SASS#23149
Member
I suspect that SW is in trouble,and is does not have the where withall to get restocked.
I understand about year end taxes and all,but if you have bare shelves,cusomers can't buy,and they may not come back the next time they need something.
I've been in retail long enough to spot a floundering company.
IMHO yours may vary,and that is fine.
I understand about year end taxes and all,but if you have bare shelves,cusomers can't buy,and they may not come back the next time they need something.
I've been in retail long enough to spot a floundering company.
IMHO yours may vary,and that is fine.
Otto
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You are correct.
Sportmans Warehouse doesn't have enough cash or credit to sufficiently stock the stores. Many vendors have quit extending them credit and now sell strictly COD. Their problems started over a year ago. Since then there have been layoffs, corporate resignations and several store closings. Last I heard, SW was bought out by a farmer's cooperative in Canada.
I was delighted when we got a Sportsmans Warehouse in SC. Then reality hit home. I've bought a number of weapons there and they do have good prices compared to other local choices. Other than that though they are at list price on pretty much everything unless it is on sale. They put out those sales flyers periodically then don't have the stuff on hand when I go to the store. My "delight" with them is over. I've heard from other sources, not on the net, they are in trouble. No surprise.
Wow. I didn't know Sportsman's WH was on the ropes too. Gander Mountain has been for some time already. Yesterday Cabelas stock took about a 25% drop and they're sitting at about 70% off their high. It seems that these kinds of stores are really getting hammered by the current economy. I don't believe the current run on guns, ammo, and reloading equipment helps them all that much either. A SW employee remarked to me a while ago that the shoe department makes more money for the store than the guns. I can't verify if it's true or not but you never see guns etc. selling for 70% off so you know the markup in shoes and clothing is probably where these stores are used to making their money.
SSN Vet
Member
If you ever have any inclination to run your own business, I strongly suggest that you read up on the difference between cash accounting and accrual accounting.
Then you will understand that your statement is incorrect.
Strongbad
Member
The S.W. here in central Texas has always been bad about re-stocking. Pretty much since it opened. However it's been worse for the last few months, then about two weeks ago they got a big truckload of stuff in and the shelves were back to about 90%, in one night. I asked the guy behind the counter what the hell was up and then he gave me the 411 on the merger with the Canadian outfit. Alberta something or other. It gives me hope that the issues we've all been seeing should be remedied soon. Atleast that's what the guy at the store was saying. I hope that's the case because having a S.W. about 4 miles from the house sure is handy.
winchester243
Member
Some states assess a property tax/business inventory tax based on year end inventory levels. You are talking about income taxes.
But I doubt very, very much that the empty shelves at SW have anything to do with an inventory tax and everything to do with their poor credit.
Seafarer12
Member
They have had issues with supply for awhile. They put in their order but never know what they are going to get. I was talking with a guy I know that works there and he was telling me they just sold out and the new holding company is investing a lot of money into the stores and supply is one of the areas they are going to improve. They want to compete with Academy. We will just have to see if any of it comes around. Even with crappy supply they are still the best reloading store around Austin.
http://www.sltrib.com/ci_11114815?IADID=Search-www.sltrib.com-www.sltrib.com
http://www.sltrib.com/ci_11114815?IADID=Search-www.sltrib.com-www.sltrib.com
Remo-99
Member
+1
Sure retailers try to run stock low at the end of a fiscal year, but 'bare shelves' and not having fast moving stock on hand (to have customers walk in wanting to spend money, only to walk out without spending a dime) whether for tax reasons or not, just isn't good business sense.
There seems to be a credit issue with their suppliers, whether due to a change of ownership or something else, I don't know.
Two links discussing Sporstmans Warehouse- the 2nd one is from the company that bought them, contained within that link are links to the new owners website UFA
http://chattanoogan.com/articles/article_139450.asp
http://www.newwest.net/city/article/ufas_ceo_explains_acquisition_of_sportsmans_warehouse/C94/L94/
http://chattanoogan.com/articles/article_139450.asp
http://www.newwest.net/city/article/ufas_ceo_explains_acquisition_of_sportsmans_warehouse/C94/L94/
Coltdriver
Member
SSN Vet,
I was thinking that Thornton did the same thing that Denver does. You do pay taxes on year end inventory in Denver. I know because I ran a business there for many years. They don't care about your accounting method.
The reason Thornton (and the other stores too perhaps) may be reducing inventory is because they have been purchased. In Thornton there is an additional tax on the transfer of a company. The tax is based on the cash paid or the value of the inventory and assets according to the balance sheet at the time of the transfer.
Who knows? But what is plain is that of the items that move, they don't seem to be replacing them. Maybe its just driven by the panic over the coming administrations unknown intentions.
I was thinking that Thornton did the same thing that Denver does. You do pay taxes on year end inventory in Denver. I know because I ran a business there for many years. They don't care about your accounting method.
The reason Thornton (and the other stores too perhaps) may be reducing inventory is because they have been purchased. In Thornton there is an additional tax on the transfer of a company. The tax is based on the cash paid or the value of the inventory and assets according to the balance sheet at the time of the transfer.
Who knows? But what is plain is that of the items that move, they don't seem to be replacing them. Maybe its just driven by the panic over the coming administrations unknown intentions.
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