Leading Camping and Military Supply Store Out In Style, Inc. Turns Down Buyout Bids, Remains Under Original Ownership
BROOKLYN, N.Y., July 23, 2009 -- For the last 15 years, Abraham Perkowski has quietly been building Out In Style, Inc. (OIS, http://www.outinstyle.com) into an online outdoor products powerhouse with local, state and federal government contracts and a thriving manufacturing operation. So it should come as no surprise that Perkowski has received offers to purchase OIS. But for now, at least, the company remains in Perkowski’s hands.
On the retail side, OutInStyle.com carries more than 20,000 camping, hunting, law enforcement and military products and more than 10,000 clothing items from major apparel brands, including Propper, Alpha, Liberty and Rothco. From disaster relief and first-responder gear to survival and safety gear and summer camp supplies, the site offers just about everything outdoor- and military-related. Thanks to its warehouses in California, Illinois and New York, OutInStyle.com is able to fulfill orders quickly and with responsive customer service.
The OIS manufacturing arm makes 600-pound-rated king-sized folding cots and 500-pound-rated deluxe military-style folding cots. The company also manufactures and exclusively distributes the POP UP bathroom/shower/changing room and the patented folding stool/toilet. The U.S. government is one of OIS’s largest contracts, particularly during disasters, and wholesale accounts are available.
Thanks to a loyal client base that has grown steadily over the years, OIS is in the position to make changes that slightly reduce its profits but make outdoor products more affordable to consumers and retailers alike - a necessity in the current recession, according to Perkowski. The company has just slashed prices site-wide at OutInStyle.com to its lowest margins ever and has implemented a new program, dubbed "Deal of the Day," wherein one item each day is featured on OutInStyle.com at below wholesale cost. Perkowski said it is his company’s way of pitching in and making the slow economy a little easier to weather.
So will Perkowski entertain future offers for Out In Style, Inc.? "I’m not willing to hand over the keys unless it would be worth it," Perkowski explained. "OIS is my baby, and I would not consider releasing it unless I knew it would be in good hands. The bottom line is that I’m going to do whatever is best for the company and its customers. If that means selling, then we’re open to that possibility. But it would take a pretty special offer to convince me OIS would be better off under new ownership."
To view the entire line-up of camping, hunting, military, first-responder and disaster relief supplies and clothing available from Out In Style, Inc., or to learn more about the company, visit http://www.outinstyle.com.
Out In Style, Inc.
718-258-0124 ext 201