MC Daily News Brief - November 11th, 2024

Welcome to the MC Daily News Brief, your go-to source for the latest updates and insights in the world of outdoor hospitality, presented by Modern Campground . Today is November 11th, 2024, and we're here to keep you informed and inspired as you navigate the ever-evolving landscape of the camping industry.

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Steinbach Trailers & RV Expands Reach with Acquisition of Pik-A-Dilly RV Centre

Steinbach Trailers & RV has expanded its footprint in Manitoba by acquiring Pik-A-Dilly RV Centre in Brandon, marking a strategic move to extend its reach into western Manitoba and enhance service for RV enthusiasts. This acquisition, involving a third-generation family business known for its vast inventory and strong reputation, strengthens Steinbach Trailers' position across the province. Customers can now benefit from increased access to services throughout Manitoba, including new product lines such as Arctic, Alpha, and Cherokee, alongside existing popular brands. The deal, discussed for over a year, not only brings cost efficiencies but also solidifies Steinbach Trailers’ commitment to quality service and a diverse inventory for a broader audience.

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Winnebago Sales Drop as RV Market Slows, Company Reshuffles Top Jobs

Winnebago , a key player in recreational vehicles and marine products, reported a revenue decline for both the fourth quarter and the full fiscal year 2024, with a notable 14.8% decrease to $3.0 billion from $3.5 billion in 2023. The revenue drop, attributed to changes in product mix and sluggish retail demand, led to a 26% fall in gross profit. CEO Michael Happe highlighted ongoing challenges like uncertain retail conditions and increased inventory costs. To tackle these issues, Winnebago has reshuffled its leadership, appointing Chris West as President of its motorhome division, and remains committed to innovation, as seen with the launch of the Lineage Series M. Despite the downturn, the company projects modest revenue growth for 2025 and maintained shareholder value with $143.9 million in operating cash flow and significant shareholder returns.

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Mon Forest Towns Partnership Secures $2.5M Funding to Boost Outdoor Recreation

The Monongahela National Forest Towns Partnership in Central West Virginia has secured $2.5 million in funding to boost the region's outdoor recreation economy, with $1.9 million from the Appalachian Regional Commission's POWER Initiative. This investment will enhance recreational access, infrastructure, and awareness over three years, benefiting towns like Cowen, Davis, and Elkins. Executive Director Josh Nease highlighted the collective effort, noting a strong community spirit among the 12 towns. The project aims to strengthen connections through programmatic initiatives such as passport programs and new biking and hiking routes, while integrating local businesses to create a cohesive visitor experience. This collaborative effort seeks to transform the area into a unified destination for outdoor enthusiasts, leveraging West Virginia's growing appeal as a recreation hotspot.

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That’s all for today’s news. For more in-depth coverage of these and other stories related to the outdoor hospitality industry, visit ModernCampground.com .