LV locations of Sportsman’s Warehouse, Weyerhaeuser to close
Wednesday, March 11, 2009 | 9:42 a.m.
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More Southern Nevadans are losing their jobs, with Sportsman's Warehouse and Weyerhaeuser separately announcing plans to close operations in the Las Vegas area.
Sportsman's Warehouse Holdings of Midvale, Utah, on Tuesday announced plans to close 23 stores around the country in order to reduce debt. Both stores in the Las Vegas area are on the closure list. They are at 5647 Centennial Center Parkway in northwest Las Vegas and at 390 W. Lake Mead Parkway in Henderson in the new shopping center near Water Street. Officials couldn't immediately be reached for comment on how many jobs would be lost locally.
The company also plans to sell 15 stores in other states to UFA Co-operative Ltd. of Calgary, Alberta, Canada. UFA in November had reached a deal to buy a majority interest in privately owned Sportsman's Warehouse, which had 67 U.S. stores selling hunting, fishing and other outdoor gear and annual revenue of about $800 million -- but that deal appears to have been scaled back.
"It is hoped that these actions will enable the firm to go forward as a viable entity with approximately 2,300 employees," Stuart Utgaard, Sportsman's Warehouse chairman and chief executive, said in a statement.
Separately, woods product giant Weyerhaeuser Co. of Federal Way, Wash., said the slow homebuilding market prompted it to indefinitely close wood mills in Evergreen, Ala.; Dodson and Simsboro, La.; and Chavies, Ky.; and service centers in Albuquerque; Cincinnati and Columbus, Ohio; Las Vegas and Reno.
The announcement affects about 480 employees at the nine locations, including four Las Vegas employees.
"Demand for wood products continues to decline due to a slowdown in the housing market, and virtually all of our operating facilities are experiencing reduced operations," said Tom Gideon, an executive vice president. "As a result of these challenging market conditions, the four manufacturing mills will close for an indefinite period of time to balance supply with our demand."
The company will continue to operate its 26 other building materials distribution sites and will service Las Vegas from the Fontana, Calif., center. These service centers sell products including lumber, plywood, oriented strand board, engineered wood products, exterior siding, cedar and appearance wood products, insulation and other specialty building products to dealers and home improvement retailers.
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Wow, on Lake Mead Pkwy, the store's been open for what-6 months? The store is in a new shopping center that is headed for doom. For grins, check out this shopping center, then drive further out on the pkwy, and check out the brand spanking new shopping center near Athens Street. Completely without any tenants. Then drive up Athens to the new "exclusive" subdivision of 15 homes, 13 unoccupied with prices of 1.6 to 4.3 Million. Then check out Tuscany next door, with 55 foreclosures built on remediated toxic waste. Then go over to Lake Las Vegas, look at the beautiful view from the defunct golf course, and check out the 150+ homes in foreclosure. Gee, I wonder why they closed.....
"vegas is recession proof". remember when all the p.r. types were saying that.
well, as we can clearly see, it isn't.
Thank you to our Sen. harry Reid and his sidekick the First Mouth in the White House. Together with their insistence of NO to energy in America and Bad Mouthing our city we see what happens. The people that still have jobs here all make less and less and now the other job losses mount. This cannot end with visitors down another 10% since the big speech.
Tax increases cannot make up for NO business or less business. Can we hold our next senate election now and save the country from our Senator, even if it's too late to save Las Vegas?
Jeez, what a bunch of negative comments ... Per usual. I think it's primarily a certain psychographic that spends time commenting on news stories, and it's ridiculously partisan and cynical.
Vegas has been recession-proof. This, however, is not anything like most people have seen in their lifetimes and it is affecting the ENTIRE WORLD. Get some perspective, folks.
Don't worry folks, once again, Obama the Magnificent will save us all...