Update on Sportsmans Warehouse

[Grn Mt Man]

Just back from the Roanoke, VA store. Pretty crowded and everyone was ticked off. Just lost our only local fly shop last year.

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.2. 15 stores are being sold to UFA Co-op.? 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, WAIt 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.

[sagefisher]

I really hate to see big chains like this in the process of going under. While our stores out here in the northwest may stay open under a new owner, who knows what happens to the employees. All those employees at the 23 stores that are closing are being dumped into a job market that has few openings.

Time will tell.

Larry ---sagefisher---

[Fly Goddess]

I live like 10 minutes from the ORIGINAL store. It isn't on either list, so I guess they are going to try to keep it going. Sure need to get some fresh stock however, or nothing is going to help them.

[kglissmeyer]

I live like 10 minutes from the ORIGINAL store. It isn't on either list, so I guess they are going to try to keep it going. Sure need to get some fresh stock however, or nothing is going to help them.

Same goes for the Idaho Falls store. Still staying open, but they better get some merchandise soon. Hope things work out.

[Fly Goddess]

Same goes for the Idaho Falls store. Still staying open, but they better get some merchandise soon. Hope things work out.

Your store looked at me like I was nuts when I asked where all the #30 hooks were

[kglissmeyer]

Your store looked at me like I was nuts when I asked where all the #30 hooks were

Welcome to my world. Get in touch with Jimmy's in town.

[Fly Goddess]

Jimmy is the MAN!!! Best fly tying supplier around!

[nick0danger]

I belive it probly mostly for buying power, they have been buying sporting goods store up here in canada for a couple years and opened a large Store in Red Deer alberta not long ago. They want to compete with bass pro (opening april 9th in calgary cant wait to get my 28 cup coffee purculator) and you need to be able to buy at very compeitive price to do that. Cost of outdoors stuff in canada is INSANE compared to what we can get if for down there with shipping and exchange, so it should give us comsumer a break.

[Buddy Sanders]

Apparently the one in Tucson isn't on either list, so maybe they will also stay open.

They've been 'open' for a few years now...I have noticed that their selections have reduced considerably, and that resupply of out of stock items is either slow or non existant. We fly tyers seem to be picky folks in general, and the last coupel of times I've been in there they were 'out' of waht I wanted...AND.. they'd just moved something else onto the pegs where what I was looking for was supposed to be...I know that the 'reordering' is supposedly done by computer, but I always wonder if no one 'sees' empty spaces, how do they know that they 'need' to reorder?

Buddy

[ducksterman]

Buddy...I think that is controlled at the register by computer.
I suspect the lack of restocking means they are in trouble.