Camping World Holdings, Inc. (CWH - Free Report) announced its plans to acquire Uncle Dan’s Outfitters — an outdoor gear, camping supplies and apparel retailer.
This diligent acquisition is in line with the company’s strategy to solidify its presence in the outdoor lifestyle market. The buyout will help the company offer a wider range of products and subsequently expand its customer base. It will not only aid Camping World gain additional scale, but also could help it penetrate targeted markets.
Uncle Dan’s Outfitters will supply outdoor gear, apparel and camping products to Gander Outdoors — the company’s rebranded retail stores located across the nation.
Per management, management of Uncle Dan’s Outfitters will assist in the development and innovation of new products.
The acquisition highlights the constant efforts of Camping World to support omni-channel retailing. Amid a rapid shift in customers’ shopping patterns, with online purchases gaining importance, such omni-channel retaining efforts augur well for Camping World’s retail outlets.
Addition of Uncle Dan’s Outfitters will also strengthen Camping World’s e-commerce business. Uncle Dan’s Outfitters online store, udans.com, will provide a stronger e-commerce platform for the company. Thus, the company will enjoy a wider audience for its products.
Notably, the company has been making efforts to expand its footprint in targeted markets on the back of strategic acquisitions. It acquired specific assets of Gander Mountain — a preeminent retailer of fishing, hunting camping and outdoor gear. The company also acquired assets of Overton’s, a supplier of boating and marine accessories, and TheHouse.com, an online retailer of snowboards, wakeboards and outdoor gear. Further, the well-established e-commerce platform of these retailers is anticipated to provide a robust boost for Camping World’s online expansion.
Camping World’s strategic moves, in a bid to expand its portfolio, have helped the company outperform its industry year to date. Shares of the company have rallied 29.4%, against the industry’s growth of 25%.
Camping World currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Other Stocks to Consider
Some other stocks worth considering in the leisure and recreational space are Planet Fitness, Inc. (PLNT - Free Report) , International Speedway Corporation (ISCA - Free Report) and RCI Hospitality Holdings, Inc. (RICK - Free Report) . All these stocks carry a Zacks Rank of 2.
Planet Fitness’s earning estimates for the current year remained unchanged at 78 cents over the past month.
International Speedway’s 2017 earnings estimates inched up 0.6% to $1.57 in a week’s time.
RCI Hospitality’s earnings estimates for full-year 2017 remained unchanged at $1.49 in a month’s time.
4 Stocks to Watch after the Massive Equifax Hack
Cybersecurity stocks spiked on recent news of a data breach affecting 143 million Americans. But which stocks are the best buy candidates right now? And what does the future hold for the cybersecurity industry?
Equifax is just the most recent victim. Computer hacking and identity theft are more common than ever. Zacks has just released Cybersecurity! An Investor’s Guide to inform Zacks.com readers about this $170 billion/year space. More importantly, it highlights 4 cybersecurity picks with strong profit potential.
Get the new Investing Guide now>>