Ufa Is Buying Up 15 Us Sportsman Warehouse Stores

[CrisD]

UFA is buying up 15 US Sportsman Warehouse stores

 

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

 

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

 

About UFA Co-operative Limited

 

UFA Co-operative Limited is one of Alberta's most dynamic enterprises. Canada's largest re-seller of diesel products serves rural communities throughout Alberta, B.C. and Saskatchewan with a construction division and an unmatched network of retail stores and petroleum outlets. With more than $1.8 billion in annual revenues and 120,000 active members, UFA is one of Canada's most successful co-operatives.

 

[Taco]

Well I hope they get them up and running better than they have WS, I'm a member and the best I can say: They sell a mean tank of diesel @ a competitive price.

[flyangler]

That's all three stores in my home state. 200 people will be laid off. We're down to two mom and pop flyshops in the 5 county metro area and two big boxes.

 

The flyfishing manager at one SW recently offered the company's support for both my river clean up in April and a Casting for Recovery retreat scheduled for July. I don't expect that's going to come through. Worse than that, I wonder what a fellow his vintage is going to do for work in this economy.

[Castuserraticus]

I suspect another Canadian company will get it's @ss spanked by venturing south. They probably think we're near the bottom of the recession.

[gustuphson]

The other stores were liquidated, the price was probably pretty sweet. I doubt they're planning on making a tonne quickly as its a new strategic direction for them. I wish them the best.