Four years after selling 15 stores and liquidating another 23, Sportsman’s Warehouse is buying back three locations in Oregon. Former CEO Stuart Utgaard sold the stores to United Farmers of Alberta Co-Operative in a $30 million deal in 2009, but continued to operate its Medford, Oregon location. UFA recently announced it will now be selling all of its retail operations in the United States, including three Oregon locations which will once again be owned by Sportsman’s Warehouse.
Eco Market, an online marketplace for eco-friendly products, is growing steadily in the UK and has its sights set on the US. With a new name (formerly Ethical Community), a new website, and new investors, the young company hopes to become for eco-friendly products what Etsy is for handmade goods. The company was founded in London in 2009 and will offically debut in the United States later this year. For more, check out this TechCrunch article or visit EcoMarket.com.
Lake Geneva, WI – Clear Water Outdoor, a locally owned and family run outdoor store in South East Wisconsin, is opening two new retail locations this spring for a total of three stores. The Delafield, WI branch opens the week of May 6th, and a store at Gage Marina in Williams Bay, WI opens Memorial Day weekend.
CEO Sarah Schuster attributes the vast network of trails and waters in Lake County to the strong outdoor community she serves. Notable store events include an annual turkey trot 5k/10k, the Midwest SUP Masters Race, Adventure Club paddles and many more. Clear Water Outdoor also boasts a number of ACA and PaddleFit Certified Instructors who can be scheduled for paddle instruction, guided tours and private paddle events.
The Marketplace Fairness Act (MFA) passed as an amendment to the Senate budget resolution by a 75 – 24 vote. The bill would tax online sales at the same rates as products taxed in physical stores under what is called the Streamlined Sales and Use Tax agreement. It is a response to what many brick and mortar stores argue is a tax loophole for large online retailers, who are able to bipass state taxes. Currently a seller is only required by federal law to collect state sales tax if the business has a physical presence in that state.
Fort Lauderdale, FL – Fort Lauderdale stand up paddleboard specialty store Precision Paddleboards now offers fleet financing on their boards and paddles through their Stand Up Paddleboard (SUP) Fleet Financing program.
For water sports concessionaires and tour operators looking to expand their fleets, Precision Paddleboards’ equipment financing agreements will spread the cost out over time and come with tax benefits associated with accelerated depreciation of their fleets.
According to global research and advisory firm, Forrester, e-commerce in the U.S. will see continued growth. The company projects that online retail sales in the U.S. market will reach $370 billion by 2017, up from $231 billion in 2013—a 10 percent compound annual growth rate (CAGR) over the next five years.
Framingham, MA – Sierra Trading Post has been acquired by The TJX Companies, Inc., with a purchase price of $200 million. As part of the transaction, TJX has acquired Sierra Trading Post’s office; fulfillment center and photography studios in Cheyenne, Wyoming; customer call centers in Cheyenne and Cody, Wyoming; and its four outlet stores in Idaho, Nevada and Wyoming.
Keen Valley, NY – Outdoor specialty retailer, the Mountaineer, celebrated nearly four decades of backcountry skiing in the Adirondacks with the 11th annual Backcountry Ski Festival on March 2nd and 3rd, 2013. The weekend festival featured films and presentations from local athletes, guided ski tours from Cloudsplitter Mountain Guides, avalanche education courses and a gear raffle. Product demos and mini clinics were also held on Otis mountain, a private ski area in Elizabethtown, NY.
South Carolina based retailer, Half-Moon Outfitters has scheduled two SUP races. First will be the Half-Moon Open Ocean Challenge scheduled for April 21 at Folly Beach. This is a World Paddling Association (WPA) sanctioned, regional event (no points) geared for both intermediate and advanced paddlers. Proceeds will benefit the Charleston Waterkeeper, a local non-profit dedicated to protecting the public's right to swimmable, drinkable, fishable water.
The store's second SUP event is the fourth annual Golden Nugget Race to be held Oct. 12 at Shem Creek in Mount Pleasant. This includes both a 5k and 10k; each are WPA sanctioned point races. Once again, the proceeds will support the Charleston Waterkeeper.