Gander Mountain files for bankruptcy; will close 32 stores, sell company

Post Reply
cathandler
Front-End Supervisor
Front-End Supervisor
Posts: 162
Joined: September 20th, 2016, 7:28 pm
Has thanked: 1 time
Been thanked: 9 times
Status: Offline

Gander Mountain files for bankruptcy; will close 32 stores, sell company

Post by cathandler »

http://www.twincities.com/2017/03/10/ga ... o-be-sold/

Store closure list:
Alabama (4) – Gadsden, Mobile, Montgomery, Tuscaloosa
Georgia (3) – Augusta, McDonough, Snellville
Illinois (3) – Champaign, Algonquin, Springfield
Indiana (2) – Merrillville, Greenfield
Minnesota (3) – Rogers, Mankato, Woodbury
New York (1) – New Hartford
North Carolina (2) – Raleigh, South Charlotte
Tennessee (1) – Chattanooga
Texas (10) – Houston, Killeen, Laredo, Lubbock, Round Rock, San Antonio, Sugar Land, Texarkana, Waco, West Houston
West Virginia (1) – Charleston
Wisconsin (2) – Eau Claire, Germantown
Last edited by cathandler on March 11th, 2017, 2:19 am, edited 1 time in total.
buckguy
Store Manager
Store Manager
Posts: 1004
Joined: January 31st, 2017, 10:54 am
Has thanked: 3 times
Been thanked: 61 times
Status: Offline

Re: Gander Mountain files for bankruptcy; will close 32 stores, sell company

Post by buckguy »

The couple times I've been to their stores, I was impressed at the limited selection and their failure to capitalize more on popular brands they carry like Carharrt.

Perhaps their commitment to firearms was a problem--it's a cyclical business that does well when Democrats become president or a mass shooting takes place, plus the overall numbers of hunters and gun owners actually has been declining for years---not a good long-term business model. Rapid expansion probably didn't help either, esp. if they're competing with larger truly destination stores like Bass. they seemed to put too many stores in places like Cleveland where an REI-type store (REI is just entering the market there) is a better fit.
cathandler
Front-End Supervisor
Front-End Supervisor
Posts: 162
Joined: September 20th, 2016, 7:28 pm
Has thanked: 1 time
Been thanked: 9 times
Status: Offline

Re: Gander Mountain files for bankruptcy; will close 32 stores, sell company

Post by cathandler »

Camping World wins Gander Mountain auction - more stores expected to close
http://www.retaildive.com/news/camping- ... ain/441628
Super S
Posts: 2690
Joined: April 1st, 2009, 9:27 pm
Has thanked: 11 times
Been thanked: 61 times
Status: Offline

Re: Gander Mountain files for bankruptcy; will close 32 stores, sell company

Post by Super S »

cathandler wrote:Camping World wins Gander Mountain auction - more stores expected to close
http://www.retaildive.com/news/camping- ... ain/441628
Camping World doesn't really cater to anybody except the RV crowd. The name is almost misleading. They don't really have any camping stuff unless it is RV related. But combining that with a true sporting goods retailer under one roof could work if they had the right merchandise mix.
mbz321
Assistant Store Manager
Assistant Store Manager
Posts: 747
Joined: March 11th, 2010, 7:52 pm
Has thanked: 96 times
Been thanked: 54 times
Status: Offline

Re: Gander Mountain files for bankruptcy; will close 32 stores, sell company

Post by mbz321 »

Super S wrote:
cathandler wrote:Camping World wins Gander Mountain auction - more stores expected to close
http://www.retaildive.com/news/camping- ... ain/441628
Camping World doesn't really cater to anybody except the RV crowd. The name is almost misleading. They don't really have any camping stuff unless it is RV related. But combining that with a true sporting goods retailer under one roof could work if they had the right merchandise mix.
It sounds to me like Camping World just mainly bought Gander for their leases and some of the stuff related to Overton's, a boating accessory/supply store owned by Gander. Looks like all the merchandise from Gander will be liquidated.
pseudo3d
Posts: 3852
Joined: November 12th, 2015, 7:01 pm
Has thanked: 5 times
Been thanked: 77 times
Status: Offline

Re: Gander Mountain files for bankruptcy; will close 32 stores, sell company

Post by pseudo3d »

mbz321 wrote:
Super S wrote:
cathandler wrote:Camping World wins Gander Mountain auction - more stores expected to close
http://www.retaildive.com/news/camping- ... ain/441628
Camping World doesn't really cater to anybody except the RV crowd. The name is almost misleading. They don't really have any camping stuff unless it is RV related. But combining that with a true sporting goods retailer under one roof could work if they had the right merchandise mix.
It sounds to me like Camping World just mainly bought Gander for their leases and some of the stuff related to Overton's, a boating accessory/supply store owned by Gander. Looks like all the merchandise from Gander will be liquidated.
Apparently, Gander Mountain's inventory was all sold and that even for the stores the Camping World wants to retain the format for, the inventory has to be liquidated first.
mbz321
Assistant Store Manager
Assistant Store Manager
Posts: 747
Joined: March 11th, 2010, 7:52 pm
Has thanked: 96 times
Been thanked: 54 times
Status: Offline

Re: Gander Mountain files for bankruptcy; will close 32 stores, sell company

Post by mbz321 »

Well, my nearest store is closing and not being acquired by Camping World. This store was built from the ground up and has been open barely over 6 months....what a total waste.
Post Reply