After failed lease negotiations with the buildings owners, Sportsmans Warehouse said it would close its Billings, MT store today just 18 months after opening it…
Sportsmans Warehouse CEO, John Schaefer states, We have been engaged in an ongoing discussion with the buildings owners but have been unable to either extend the current lease or negotiate a new lease agreement. The landlord has informed us that we must vacate the building by March 1, 2010, the end of the current lease term. While our experience in Billings has been very successful we are put in the unenviable position of having to vacate the premises.
While the store closing is unfortunate, Schaefer notes that the companys growth and ability to achieve benchmark goals will continue.