A slump in sales in the United States drove Tourism Holdings’ (THL) net profit down by 26% for its fiscal year, which ended in June. The New Zealand Herald reported that THL reported its net profit dropped by 52% to $29.8 million (NZ currency). The prior year included a one-off gain of $23.1 million relating […]
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Theodore Gilbert Kaplan, founder with his wife, Ann, of supplier Stag-Parkway in 1968, passed away peacefully on Aug. 24. He was 89. Stag-Parkway grew to include 11 distribution centers throughout the U.S. providing products and services to the RV aftermarket, including merchandising, inventory control, customer contact and Internet functions. During his career, he also served […]
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Marketing expert and Kenect’s Chief Marketing Officer Graham Anderson will present two hour-long workshops in the social media/eMarketing/BDC education track at the Nov. 11-15 RV Dealers Convention/Expo. Anderson, one of 15 new convention speakers, helps RV dealerships across the country to manage and generate thousands of online reviews, according to a press release. Anderson’s first […]
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Lazydays RV is coasting into one of fastest growing business areas in Murfreesboro, Tenn., a 160-acre commercial subdivision named West Point. The Murfreesboro Post reported that the Planning Commission approved a preliminary plat for a new industrial lot located along Beasie Road off New Salem Highway at Interstate 24. “We are very excited to bring […]
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Despite a downturn in sales in the first half of the year due to Canada’s abnormally longer winter and wetter spring season, Canadian recreational vehicle sales remain sizeable — and it’s Millennials that are driving new sales. The Financial Post reported that by June, retailers had sold 25,928 RVs, a 14.3% decline over the same […]
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Furniture supplier Flexsteel Industries Inc. reported net sales of $100.2 million for its fourth quarter, ended June 30, compared to net sales of $113.1 million in the prior year quarter, a decrease of 11.4%. The company reported a net loss of $19.9 million, or $2.52 per share, for the quarter compared to net income of […]
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The following is a “Trade Alert” from the Outdoor Industry Association (OIA) concerning the latest round of tariffs by China on U.S. goods. In another escalation of the U.S.-China trade war, President Trump announced on Friday (Aug. 23) that he would increase the punitive tariff on $250 billion worth of products from China (Lists 1-3) from 25% […]
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Black Book reported that RV auction values have entered the traditional “seasonal shift,” as dealers begin to sell off existing inventory. “As we near the end of summer, and approach the beginning of fall, we’re seeing the market begin its normal seasonal shift,” said Eric Lawrence, principle automotive analyst, specialty vehicles. “The bulk of consumer […]
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Labor Day is quickly approaching and gas prices for the holiday weekend are lining up to be the lowest in two to three years. However, AAA reported there are still a number of factors that could push prices higher before the holiday. Today, the average price for gasoline in Georgia is $2.42 per gallon. Drivers […]
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Adelaide, South Australia-based REDARC Electronics announced the introduction of a new 50-amp in-vehicle battery charger to the U.S. market,designed to provide higher current output and said to handle more demanding applications. According to a press release, the charger supplies the correct charge to the auxiliary battery, allowing users to “power all their gadgets whilst on […]
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