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December 8, 2020

RV Retailer boosts presence in North Carolina with two acquisitions

Recreational vehicle retail company RV Retailer has expanded its footprint in the North Carolina market with the acquisition of Golden Gait Trailers and RVs (GGT) and Camptown RV.

Recreational vehicle retail company RV Retailer has expanded its footprint in the North Carolina market with the acquisition of Golden Gait Trailers and RVs (GGT) and Camptown RV.

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
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GGT is in the Charlotte while Camptown RV is in the Raleigh, the capital city of North Carolina.

Located on I-85, GGT has 20 indoor service bays offering new and used RVs and speciality trailers for various companies Featherlite and Continental Cargo.

Following the acquisition, these stores will integrate into RV Retailer ’s Eastern Region.

The company’s Eastern Region president Don Strollo will lead the combined entity.

RV Retailer chief executive officer and president Jon Ferrando said: “We have had an exceptional year of growth in 2020, and the addition of two great stores in North Carolina is an excellent way to end the year.

“We are very focused on expansion in the Carolinas.  These are excellent RV markets from a demographic standpoint.  The combined markets of Charlotte and Raleigh have over 5,000 registered RV owners and they are both ranked among the fastest-growing large cities in the US.”

With the completion of the acquisition, Camptown RV is rebranded as RV One Superstores of Raleigh and operates from the recently renovated and modernised facility.

Additionally, GGT store will be rebranded RV One Superstores of Charlotte. However, it will retain the GGT brand for the speciality trailers sold there.

Don Strollo said: “The product brand mix at Camptown is excellent with brands like Jayco and Rockwood, and we are excited to add key brands.  Our focus with RV One Superstores of Charlotte will be to increase sales significantly with a strong mix of motorhome and towable RV product lines, along with speciality trailers.”

In October, RV Retailer agreed to acquire Lifestyle RVs based in the Kansas City market.

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.