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
2. 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
It 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.
Looks like the Round Rock TX store is getting the axe.