CrisD Posted March 11, 2009 Share Posted March 11, 2009 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. Quote Link to comment Share on other sites More sharing options...
Taco Posted March 12, 2009 Share Posted March 12, 2009 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. Quote Link to comment Share on other sites More sharing options...
flyangler Posted March 13, 2009 Share Posted March 13, 2009 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. Quote Link to comment Share on other sites More sharing options...
Castuserraticus Posted March 14, 2009 Share Posted March 14, 2009 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. Quote Link to comment Share on other sites More sharing options...
gustuphson Posted March 15, 2009 Share Posted March 15, 2009 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. Quote Link to comment Share on other sites More sharing options...
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