After 57 years of doing business, Gander Mountain is closing its doors for good.
Gander Mountain, the fishing, hunting, and outdoor retailer, which has been a staple in 26 states over the last 57 years, is shutting its doors for good. An announcement on the retailer's website states that all 126 stores nationwide are going out of business and will be liquidating all inventory.
This latest announcement comes only a week after it was revealed that Gander Mountain had been acquired by Camping World Holdings, Inc. In March 2017, Gander Mountain filed for voluntary Chapter 11 Bankruptcy.
According to the website announcement, 'Everything Must Go' and gift cards will only be honored until May 18.
However, Marcus Lemonis, owner of Camping World, denied this through Twitter:
UPDATE: According to Lemonis,
"All stores are liquidating and the inventory in there is going to go away, but the stores aren't closing. My goal is to open at least 70, remain and keep them operating as Gander Mountain, potentially add a small Camping World or Overton to them, and run them and run a good business. And it's up to the local staff, the manager, to run that store profitably. I will not be picking stores that do not have a clear path to profitability."
Lemonis said the liquidators will continue to run the Gander Mountain website until May 18. After that date, he will regain access to the website and will publish information about which stores will remain open.
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