Sportsman's Warehouse will open its fifth store in Colorado and its fourth in Arizona next summer.
The new stores will be located in Sheridan, CO and Flagstaff, AZ. Th Midvale-UT-based specialty retailer plans to open eight new stores in 2015.
Both stores will feature an extensive selection of hunting, fishing and camping gear, as well as a wide range of apparel and footwear. As with all Sportsman's Warehouse locations, the store will also feature instruction, seminars and special events related to outdoor activities.
"We are excited to announce these two store openings in areas where we have an extremely loyal customer base," said CEO John Schaefer. "We remain confident in our plan to not only increase same store sales through the many in-store initiatives we have implemented, such as our store-within-a-store program with selected clothing partners, but also grow the business on a unit level by taking advantage of the significant white space available to us."
"Our ability to effectively manage our inventory consistent with historical per store levels, along with the new fixturing strategy we are implementing in our smaller footprint stores, allows us to provide the full line of products normally seen in our larger stores in these 30,000 square foot smaller stores with the resulting accretive ROIC potential," Schaefer continued. "As our revenue mix in higher margin non-hunting related categories grows, as evidenced by our second quarter results, we believe our growth opportunities both through new store openings and within our existing store base will expand."
