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Secretary of State Rex Tillerson speaks at a press conference at the Australia-United States Ministerial Consultations (AUSMIN) at Government House in Sydney, Australia, June 5, 2017. REUTERS/Jason Reed FILE PHOTO: Turkish Foreign Minister Mevlut Cavusoglu speaks during a news conference at Ataturk International airport in Istanbul, Turkey, March 11, 2017. REUTERS/Huseyin Aldemir/File Photo ANKARA U.S. Secretary of State Rex Tillerson and Turkish counterpart Mevlut Cavusoglu discussed developments in Syria and in the row between Qatar and its fellow Arab states on a phone call late on Saturday, Turkish foreign ministry sources said. The call, held at Tillerson's request, came after Tillerson on Friday urged Saudi Arabia and other Gulf states to ease their blockade of Qatar, saying it was causing unintended humanitarian consequences and affecting the U.S.-led fight against Islamic State. No further details of the call were immediately available. Referring to Tillerson's comments on the blockade, Turkish President Tayyip Erdogan said in a speech at a Ramadan fast-breaking dinner in Istanbul on Friday: "I say it should be lifted completely". Saudi Arabia, the United Arab Emirates (UAE), Bahrain and Egypt severed relations with Qatar on Monday, accusing it of supporting Islamist militants and their adversary Iran - allegations Qatar says are baseless. Several countries followed suit. Erdogan vowed to keep supporting Qatar after his rapid approval of legislation on deploying Turkish troops there. On Saturday, he told Bahrain's foreign minister that the dispute should be resolved by the end of the holy month of Ramadan.
Said Lemonis, “So every transaction that we make and every transaction that we do is generally with the sole purpose of driving that database.” He said another unusual trait with the company is its focus on return on capital and preserving its EBITDA margin rather than growing revenue. Lemonis said Camping World’s EBITDA margin “far exceeds most if not all” of the public auto dealerships and that’s driven by its database mining model. EBITDA on the Good Sam business will reach about $80 million this year, up from $78 million the prior year. And while it generally sees “low and steady growth,” profits also don’t markedly drop during downtimes. Said Lemonis, “That really is our ATM machine.” As far as Gander Mountain, Lemonis said Camping World is already well on its way on its plans to restore profitability. “What killed that business was massive corporate overhead, an undisciplined inventory process, an inefficient logistics and transportation process and the stores being built too big with too high rent factors,” said Lemonis. He said that with the changeover, corporate overhead has already been “wiped out.” Gander’s past distribution center model has been renegotiated and is now merged into Camping World’s distribution center model. Instead of four distribution centers serving Gander and Overton’s, five will hold product for Camping World, Gander and Overton’s to support all three chains. The change is also expected to help enhance delivery of online orders.
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