Truck advertisements boast about how much a pickup can tow, with demonstrations of stunning feats such as hauling a space shuttle down a city street. But the reality is, the typical pickup at the dealership has much more humble abilities. Consumer Reports noted that for drivers looking to tow, there are two main things to […]
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Crain’s Chicago reported that Gearhead Outfitters, an Arkansas-based outdoor retailer, announced the acquisition of the two companies, which have brick-and-mortar stores in Tennessee and Illinois. In the past few years, Lincolnshire’s Camping World and CEO Marcus Lemonis gobbled up outdoor recreation stores throughout the U.S. His strategy was to use the existing customer base at these stores to grow the […]
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Indiana’s unemployment rate dropped to 3.4% in July, compared to 3.5% in June. The Indiana Department of Workforce Development says the state also lost 1,300 private sector jobs last month. Inside Indiana Business reported that figures from the U.S. Bureau of Labor Statistics show Indiana’s labor force saw a net decrease of 6,608 over the […]
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Oil prices on Friday rebounded from a two-day drop, alongside equities as expectations of further stimulus by central banks helped to ease recession concerns, according to a Reuters report. But oil’s gains were capped after the Organization of the Petroleum Exporting Countries (OPEC) trimmed its global oil demand forecast in a downbeat outlook for the […]
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Winnebago Industries Inc. announced a quarterly dividend, Zacks reports. Investors of record on Sept. 11 will be given a dividend of 11 cents per share on Sept. 25. This represents a 44 cent dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend is Tuesday, Sept. 10. Winnebago […]
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Camping World is selling Rock/Creek Outfitters and Uncle Dan’s Outdoor store to Gearhead Outfitters for an unspecified price. Crain’s Chicago reported that Gearhead Outfitters, an Arkansas-based outdoor retailer, announced the acquisition of the two companies, which have brick-and-mortar stores in Tennessee and Illinois. In the past few years, Lincolnshire’s Camping World and CEO Marcus Lemonis gobbled up outdoor […]
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The North American Trailer Dealers Association (NATDA) announced that dealer-only events will be held at the end each day of the 2019 NATDA Trade Show, set for Sept. 5-8 at the America’s Center Convention Complex in St. Louis. “Trailer dealers, technicians and sales teams are some of the hardest working individuals in the country,” said […]
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Troy, Mich.-based Horizon Global Corp., a manufacturers of branded towing and trailering equipment, announced that the company has entered into a definitive agreement to sell its Asia-Pacific (APAC) business segment to Pacific Equity Partners (PEP) for $340 million (Australian dollars) in cash, subject to customary closing adjustments. According to a press release, the company intends […]
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Camping has already received a makeover to become “glamping.” Now it’s getting celebrity investors, according to Business Insider. Shawn “Jay-Z” Carter and Will Smith announced they were backing campsite booking startup Hipcamp. The startup had officially announced its $25 million Series B on July 24. The two rappers-turned-entrepreneurs backed the buzzy startup, commonly referred to […]
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Is the Indiana RV industry prepared for another downturn? After Elkhart County was hit hard by the great recession in 2008, some major shakeups within the stock market this week raise that question. ABC 57 reported that the great recession of 2008 rocked the recreational vehicle industry and the Elkhart County community, where 80% of […]
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