Update on Sportsmans Warehouse

FAOL Community Fly Anglers Online
1

A buddy posted this on another website this morning:

Sounds like the deal to sell all of Sportsman’s Warehouse to the Canadian company fell through. They plan to close 23 stores and sell 15 stores to the Canadian company. Looks like the Ankeny store will remain open and remain as part of Sportsman’s Warehouse.

http://www.sportsmanswarehouse.com/company.cfm

2

Yep heard that as well. I am told the store here in Nampa is one that is closing. To bad good folks there and just a couple of miles from my house. they have not been open for a year yet. I imagine there will be some good sales going on inthe next 30 days or so. I am going to miss it cause their prices were cheaper then the store in Boise.

3

That stinks! SW has become my favorite store, and they are liquidating ours according to the link you posted. BUMMER! :frowning:

4

Our local store is going to the Canadian Company, now its all going to be aboot and ay etc. I wont be able to understand the clerks at all :wink:

Actually I don’t know what to expect, new store new management, don’t know what brands they will be selling or if they will keep the same format.

But I have seen this with other companies who try to grow big too fast, at least all of them aren’t going under.

Eric

5

Looks like the Pacific Northwest is doing OK.

6

Glad to see our Medford store ain’t on either list…They ain’t been here long, and we kinda like 'em…ModocDan

7

that really does stink Ol’ Blue. When ever I have someone in the hospital down in Wichita, which is at least a couple times a year, they get special visits from the pastor, just so I can go to Sportsmans warehouse. This may not cause me to do fewer visits, but I won’t be nearly so excited about going.

Ed

8

The paper today had a short story on it, and they did say that our store is on the short list of locations that could be reopened in the future. I guess that is better than nothing.

9

Looks like the Idaho Falls store is going to be gone Johnson. Bummer!

10

I understand that the Nampa and Pocatello stores are closing. The remaining Idaho stores will be Boise, Twin Falls and Idaho Falls.

11

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.
12

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 :frowning: —sagefisher—

13

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.

14

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

15

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

16

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

17

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

18

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.

19

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

20

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