Tuesday, March 21Welcome

Tom York on Business: Camping World Buys Two Local RV Dealers Amid Drop in Demand

camping world dealer
I am a camping world dealer.Image from company website

Illinois-based outdoor recreation retailer Camping World Holdings Said it was buying a family-owned business RV solution San Diego here. The deal includes two Landmark Outlets. RV solution When san diego airstream — with El Cajon repair center.

The acquisition is expected to close early next year, according to a news release. Terms were not disclosed.

These locations will operate as Camping World RV Supercenters.

Camping World, a public company, has offices in 42 states.

The acquisition comes at a time when buyer enthusiasm for RVs that exploded during the COVID-19 pandemic has waned significantly over the past year.

According to one market researcher, sales were down 20% year-over-year as of October.

Sales and the company’s stock price plummeted as a result.

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of San Diego Food Bank It’s one of several public food pantries nationwide benefiting from a $60,000 donation from Colorado. PCL Construction. The company said it has donated a total of $1.5 million to local food banks.

Soaring food prices and rising energy and housing prices are making it difficult for millions of Americans to put food on their plates, according to news releases. This is one of the reasons PCL donated to local food banks.

The at-home food index, a measure of price volatility at grocery stores, rose more than 12.4% over the year, according to the Consumer Price Index.

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Based in San Diego Sunbelt Investment Holdings Recently sold Costco Wholesale Inc., It operates a private member Costco warehouse, a $5.7 million, 22-acre property in Buckeye, Metro Phoenix.

The deal was first reported by the Phoenix Business Journal, based on national records and commercial real estate databases.

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of San Diego County Bar Association elected long-term members Melissa Johnson According to a news release, he will serve as president in 2023.

A resident of Santee, Johnson will take office on the new board of directors at the association’s annual dinner on December 9.

Johnson is a partner Johnson Heeder LLPand represent workers in employment-related matters.

A lawyer with 123 years of history, the largest legal organization in the region. Its mission is to connect lawyers and help them succeed.

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escent pharmaceuticalsInc., a biotechnology company working on small molecule therapeutics to treat a wide range of neurosensory inflammatory disorders, has closed a $120 million Series C funding round.

VC firm Nair When Abingworthtogether Forge Life Science Partner, led the investment with the participation of other investors Avego, PFM health science When eleven fundand existing investors.

The investment will be used to advance the company’s two drug candidates.

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This just came in from a residential real estate web portal redfin.

Mortgage applications and Redfin’s Homebuyer Demand Index have recently risen as interest rates have hovered around 6.6%, down from 7% earlier this month.

The company says the price cut could save buyers more than $100 on their home payments.

Still, supplies are piling up as pending sales drop, marking a record annual increase, according to a Redfin report.

Home sales prices fell year-on-year in five metropolitan areas, according to the report, with San Francisco down 9.5% year-over-year, Sacramento 2.1%, Detroit 1.7%, and San Jose and here less than 1%. San Diego.

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Some good news on the small business front. Japanese owned based in san francisco union bank Small business sales are now above pre-pandemic levels and will pick up over the holidays, it said. Annual Holiday Expenditure Survey.

This study explores how small businesses are responding to changes in today’s retail economy, and how consumers are spending this holiday season.

Among the findings:

  • 9 out of 10 business owners are increasing their social media activity to help them reach digitally savvy consumers.
  • 1 in 2 consumers will spend more with a company that offers online ordering, but 1 in 3 consumers will spend more with a company that offers a “buy now” plan or a third-party Small businesses that offer integrated payment platforms are likely to spend more.
  • Sixty-two percent of participants said inflation will affect their spending this year and plan to “spend with more purpose and intent.”
  • California consumers plan to spend more at small and minority-owned businesses, with 75% of consumers planning to shop at small businesses and 71% of minority-owned businesses I am planning to spend at a business owned by

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Lastly, this time’s attention item. San Diego’s East He Village continues its strong redevelopment efforts.

Business development agency San Diego Area EDC Moved to the office space on the 4th floor Park & ​​Marketa mixed-use business, arts, and education office building.

The business development organization said it will hold its annual meetings, conferences and events at the new location.

The building serves many non-profit organizations, including: Burnham Cultural Promotion Center, University of California San Diego U.S.-Mexico Studies Center and the National Dispute Resolution Center.

Department of Extended Studies at UC San Diego I manage an office building. For more information, visit parkandmarket.ucsd.edu.

Tom York is a Carlsbad-based freelance journalist who specializes in writing about business and economics. If you have a news tip you’d like to share, send it to tom.york@gmail.com.

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