Tough times in the hunting/shooting retail world has led, sadly, to another mega takeover.
Earlier this year Gander Mountain, which had been outfitting hunters for more than 50 years, filed for bankruptcy and was placed up for auction. On April 28, Camping World, the nation’s largest RV retailer, was chosen as the winning bidder ($37.8 million is a lot of money to you and me, but seems cheap for a brand like Gander).
The big question: What does this mean for the 126 Gander stores built across the country?
Camping World CEO Marcus Lemonis said bluntly, “All stores are liquidating, and the inventory in there is going to go away.” Some stores will likely close for good, but “my goal is to keep open at least 70 and keep them operating as Gander Mountain. I will not be picking stores that do not have a clear path to profitability.”
Lemonis says that moving forward, Camping World intends to “refine the inventory selection,” which many in the outdoor industry take to mean substantially less selling of firearms and shooting/hunting gear. Lemonis said one of Gander’s problems was that the retailer was a victim of its own misguided approach to inventory. “At the end of the day, this company failed because it made some giant inventory mistakes and just bought too much,” he said. “Not the wrong stuff, but just too much. And it didn’t necessarily understand how to operate in a low-cost environment.”
Gander Mountain stores will continue to honor gift cards until May 17, 2017. If you have a card, hurry to your local Gander and use it. After that, Gander Mountain gift cards will no longer be honored in store or online.
The list of Gander stores that will close (or survive) remains fluid, but here’s the latest.
This is sad news for me, because I always enjoyed getting the Gander Mountain catalog, and in recent years visiting Gander stores. How about you? Who shopped at Gander and will miss it?