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Gander Mountain Might Get Bailed Out by Sportsman's Warehouse

Gander Mountain stores may get a reprieve from Sportsman's Warehouse.

After months of rumors, Gander Mountain announced last month they were filing for bankruptcy and closing 32 stores in 11 states in the process.

While things were looking grim for the Minnesota-based outdoor retailer, now there may be hope for the stores that were slated to close. The Twin Cities Pioneer Press reports Utah-based Sportsman's Warehouse has expressed interest in possibly buying the closing brick-and-mortar stores.

In fact, they're interested in buying up to 80 percent of Gander Mountain stores. Neither company has had any comments, as it appears business talks on the issue are still ongoing.

If Sportsman's Warehouse does move to purchase the Gander Mountain stores, it would expand their reach quite a bit. The majority of their 80 stores are in western states, while Gander Mountain has stores mostly in the east.

Sportsman's Warehouse may or may not keep the Gander Mountain name for these stores. They are undecided about how to brand them, according to the Twin Cities Pioneer Press.

The news of this potential deal comes right at a time when many outdoor and sporting goods retailers are struggling with brick-and-mortar locations. If the huge, extremely slow-burning deal between outdoor retail giants Cabela's and Bass Pro Shops is any indication, it may be a while before we hear more on the deal between Gander and Sportsman's.

The Cabela's and Bass Pro deal was looking like it might fall through before Synovus Financial Corp stepped in to take Capital One's place after they dropped out due to approval problems with the federal trade commission.

We'll keep an eye on this story here at Wide Open Spaces and bring you more if and when a deal goes through.