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?
Yep, all those Gander Mountain stores became unprofitable and went bankrupt just in the last 4 months.
Yep, Trump is definitely anti-business and anti-hunting.
As long as trump is in office you will keep seeing businesses shut there doors. But don’t worry hes protecting your gun rights. Have a good day
Drove to the the Ft. after school today and I just wanted to report that it is not all merchandise for 33% off like my brother said. I saw mostly 10-15% off most of the merchandise that I saw around. I had planned on buying a Daiwa spinning reel for 33% off, but was unsuccessful.
When I saw this yesterday I openly wondered if and when their merch. would go on sale. I just happened to see my brother last evening and he had made a visit to G.M. in Ft. Wayne, not knowing about the going-out-of-business status (he didn’t even see all of the signs in the store at first. LOL!) But, he told me that everything in the store is 33% off MSRP right now. I’ll be traveling down to purchase a fishing reel as soon as possible.
I’m with you, John. Their service was marginal, at best. However, if you needed something quick, but not cheap, you could usually grab it. Oh well, guess I just have to plan my emergencies a little better :-)
MIKE…….WILL DEFINENTLY MISS THE GANDER MTN HERE IN FREDERICKSBURG!!! IT IS NICE TO HAVE THE STORE SO CLOSE WHEN I NEEDED TO GO OUT AT THE LAST MINUTE FOR HUNTING,FISHING GEAR.
KEEP UP THE GOOD BLOGS