Camping World Holdings has given an update on its plans for Gander Mountain. Camping World, which acquired the assets of Gander Mountain and boating division Overton's in a bankruptcy auction in May, said it plans to operate 57 locations — assuming details can be worked out with landlords and final acceptable leases agreed to. Liquidation sales started in May at all 160 Gander stores. The plan for the locations that have survived the cut is for them to reopen under the new brand of Gander Outdoors. The stores will feature a fresh mix of Gander Outdoors, Overton's and Camping World products and services. Click Read More below for more of the story.
Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today reported net sales of $13.64 billion for the retail month of September, the five weeks ended October 7, 2018, an increase of 10.3 percent from $12.37 billion last year.
Beginning in fiscal year 2019, the Company adopted Revenue Recognition Standard ASC 606 (ASC 606). For all of fiscal year 2019, we estimate the new standard will benefit net and comparable sales by approximately 1 percent. The second chart below excludes the impact of gasoline prices, foreign exchange, and ASC 606 on our comparable sales.
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