1. News
November 9, 2021

RV Retailer acquires Out-of-Doors Mart in North Carolina

RV Retailer's store network across the US has increased to 77 following the acquisition.

US-based recreational vehicle (RV) retail company RV Retailer (RVR) has expanded its presence in North Carolina by acquiring Out-of-Doors Mart and Airstream of Greensboro.

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The acquisition takes the number of RVR stores in the state to seven.

The financial terms of the transaction have not been disclosed.

Located in Greensboro on Interstate 40, Out-of-Doors Mart is the US’s longest Airstream dealership.

The retailer offers a number of RV brands and models, including Airstream, Rockwood and Salem.

Following the acquisition, Out-of-Doors Mart will be part of RVR’s East Region and will be managed by Don Strollo.

RVR president and CEO Jon Ferrando said: “We are excited to continue our expansion in North Carolina with our seventh location in the state to better serve our customers.

“North Carolina has excellent RV demographics, and we are excited to enter the Greensboro community with Out-of-Doors Mart, which operates the longest-running Airstream dealership in the United States.

“The dealership is prominently situated on I-40, and we plan to invest capital in the facility to grow sales and service.

“We welcome Joel Kilby and Ben Goslen, who are staying with us, along with all of the dedicated Out-of-Doors Mart associates, into the RV Retailer family of stores.”

The acquisition brings RVR’s total number of US stores to 77.

Earlier this month, the company purchased Sprad’s RV in Reno, Nevada.

Sprad’s RV has a sales and service centre on Interstate 580 and offers products from Grand Design, Forest River, Keystone and Lance among other brands.

In June, RVR opened its third RVR University Training Centre at its RV One Superstores in Charlotte, North Carolina.

Last December, the company acquired Golden Gait Trailers and RVs (GGT) and Camptown RV as part of its efforts to expand its operations in the state.

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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.