Wednesday, July 09, 2008
LAZYDAYS RV CENTER LAYS OFF 15% OF WORKFORCE
RV Business
Wednesday, July 9, 2008
Lazydays RV Center Inc., the nation's largest single-location RV dealership, today (July 9) announced the layoff of 75 employees who made up approximately 15% of the company's workforce.
"This reduction in force was a necessary adjustment in light of the current uncertain economic conditions combined with a significant downturn in RV demand,'' Lazydays Marketing Director Tina Richey reports. The firm now employs 561 workers, according to Richey.
In May, Lazydays posted a 9% drop in revenue for its first quarter with both new and used unit sales down from a year ago.
The Seffner, Fla.-based dealership reported net income of $3.5 million in the quarter, ended March 31, compared with $2.9 million a year ago while sales fell to $224.1 million from $241 million.
Sales of new RVs were down 10%, as Class A motorhomes were off 18%. Used RV sales dropped 3% during the period.
Wednesday, July 9, 2008
Lazydays RV Center Inc., the nation's largest single-location RV dealership, today (July 9) announced the layoff of 75 employees who made up approximately 15% of the company's workforce.
"This reduction in force was a necessary adjustment in light of the current uncertain economic conditions combined with a significant downturn in RV demand,'' Lazydays Marketing Director Tina Richey reports. The firm now employs 561 workers, according to Richey.
In May, Lazydays posted a 9% drop in revenue for its first quarter with both new and used unit sales down from a year ago.
The Seffner, Fla.-based dealership reported net income of $3.5 million in the quarter, ended March 31, compared with $2.9 million a year ago while sales fell to $224.1 million from $241 million.
Sales of new RVs were down 10%, as Class A motorhomes were off 18%. Used RV sales dropped 3% during the period.
