Friday, March 20, 2020

Sportsman’s Warehouse Buys Two More Field & Stream Locations

One of North America’s major suppliers of fishing tackle, Sportsman’s Warehouse Holdings, has bought two Field & Stream locations from Dick’s Sporting Goods.

It has paid $5m for inventory and assets and will sublease the two locations at Crescent Springs, KY and Kalamazoo, MI, which will be rebranded as Sportsman’s Warehouse.

The acquisitions are part of its strategy of growing by expanding its store network in strong markets with well-established customer bases. In October last year it acquired eight Field & Stream stores in Pennsylvania (three), New York (two), North Carolina (two) and Michigan.

Jon Barker, CEO of Sportsman’s Warehouse told US-based digital news source, SBG Update: “The original acquisition of the Field & Stream stores has proved to be a very good investment. A critical component of its success has been the passionate associates and managers who joined us as part of the acquisition.

“We are excited to add another two stores and their team members. The current transaction is similar to the previous one and we anticipate a strong reception to the Sportsman’s brand in the two new markets.”

Sportsman’s Warehouse currently operates 104 stores in 27 states. It has announced a total of five new stores for 2020, including the two new Field & Stream outlets, with more expected to be announced in the near future.