Camping World Closes Stores Amid Industry Challenges
RV retailer Camping World Holdings Inc. (CWH) is closing and consolidating stores as part of cost-cutting measures amid a cooling outdoor recreation market and rising consumer spending pressures. Over the past year, the company has closed or consolidated 13 locations to improve efficiency and reduce expenses. The move comes after years of rapid expansion during the pandemic RV boom that now faces a slowdown in demand. Camping World's shares have fallen sharply over both one-year (down 32.96%) and five-year periods (83.65%), with its market cap currently at $672.45 million as of mid-2026. The company has also reduced full-time employees by nearly 1,600 in the past year to streamline operations. CEO Matt Wagner highlighted these efforts during a recent earnings call, noting significant reductions in SG&A expenses and improved cost efficiency. Despite management's restructuring actions—including inventory reduction, debt paydowns, and AI adoption—rumors of potential bankruptcy have circulated online due to claims about $3.5 billion in unpayable debt. Former CEO Marcus Lemonis has denied these rumors as false.
Tickers: $CWH
Topics: Camping World Holdings (CWH) economic impact RV retail store consolidation