Sportsman's Warehouse makes outdoor pursuits a reality by supplying customers with the proper attire and the right equipment. The sports retailer markets apparel and footwear for men, women, and children. The company also sells gear for camping, fishing, hunting, and other recreational activities. Its vast products portfolio includes such brand names as Carhartt, Columbia, Winchester, Nikon, Russell, RCBS, Under Armour, and Browning. Sportsman's Warehouse operates a network of about 25 stores in some 15 mostly western states, including Arizona, Colorado, and Utah. The company emerged from Chapter 11 bankruptcy protection in mid-2009, after filing in March.
Before Sportsman's Warehouse exited from bankruptcy protection, the company streamlined its base of bricks-and-mortar stores, closing more than 20 locations and selling 15 others to Canada's UFA Co-operative. It also secured a $50 million credit line from GE Capital to pay down its debtor-in-possession loan, which was used during the restructuring. What drove the firm into was a failed deal in late 2008 with UFA Co-operative to purchase a controlling interest in Sportsman's Warehouse and the deep recession in the US. Store closures resulted in the loss of some 1,700 jobs, or about 35% of the retailer's total workforce.
Along with its Chapter 11 exit, Sportsman's Warehouse welcomed new leadership in 2009. John Schaefer was named CEO, replacing founder Stuart Utgaard. Schaefer previously served as CEO of sporting goods firm Team Express and direct marketer Cornerstone Brands. – less