Camping World Holdings (NYSE: CWH) announced the acquisition of another future retail supercenter today, bringing its total to four in Ohio and approximately 160 across the United States. The purchase is part of the company’s strategic growth plan, building on its succeses this summer.
Driven by the pandemic’s closure of recreational activities like cruises, casinos, and waterparks, Americans bought RVs at a pace not seen for 40 years, sending RV unit sales up 53.3% year over year, according to the RV Industry Association (RVIA). Sales are projected to climb 19.5% higher next year.
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Camping World’s third-quarter 2020 sales rose 21%, and the company is using its cash windfall to invest in…