03-06-2010, 06:19 AM
This was posted on the another board:
First off, yess I do work for Sportsmans.
The deal with UFA fell through about a year ago. They ended up with around 12 existing Sportsmans stores in the Pacific Northwest as collateral for loans the gave during the attempted purchase. They changed the name of those stores and they have nothing to do with us any longer. Sportsmans then went through a Chapter 11 bankruptcy and had to close about half our remaining stores. We successfully exited bankruptcy in the fall of last year with new ownership and a new CEO that thinks before acting. You should see some very significant improvements in product selection and availability this year. The company is still based in Midvale, UT and is not owned by UFA.
Hope that helps clear up some confusion.
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First off, yess I do work for Sportsmans.
The deal with UFA fell through about a year ago. They ended up with around 12 existing Sportsmans stores in the Pacific Northwest as collateral for loans the gave during the attempted purchase. They changed the name of those stores and they have nothing to do with us any longer. Sportsmans then went through a Chapter 11 bankruptcy and had to close about half our remaining stores. We successfully exited bankruptcy in the fall of last year with new ownership and a new CEO that thinks before acting. You should see some very significant improvements in product selection and availability this year. The company is still based in Midvale, UT and is not owned by UFA.
Hope that helps clear up some confusion.
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