{"id":73454,"date":"2017-05-08T13:00:19","date_gmt":"2017-05-08T17:00:19","guid":{"rendered":"https:\/\/www.gunsamerica.com\/blog\/?p=73454"},"modified":"2017-05-08T13:00:19","modified_gmt":"2023-08-20T22:32:43","slug":"half-of-gander-mountains-stores-may-close","status":"publish","type":"post","link":"https:\/\/gunsamerica.com\/digest\/half-of-gander-mountains-stores-may-close\/","title":{"rendered":"UPDATE: Half of Gander Mountain\u2019s Stores Will Close, Huge Liquidation Sale"},"content":{"rendered":"

\"UPDATE:<\/a>Embattled sporting goods retailer Gander Mountain was scooped up by Camping World Holdings last week<\/a> for quite a bargain, but despite the acquisition,\u00a0it appears that as many as half of Gander Mountain\u2019s store\u00a0locations will close down.<\/p>\n

Camping World, which specializes in RV sales, purchased the bankrupt chain at an auction for around $38 million. That purchase included all 162 retail locations, its corporate operations, its intellectual property rights, its e-commerce presence and its Overton\u2019s boating subsidiary.<\/p>\n

When Gander Mountain first announced that it would be filing for bankruptcy, it\u00a0said that it would close 32 stores in 11 states <\/a>and lay off a workforce of 1,280 full-time and part-time employees. But now with Camping World management at the helm, those numbers will grow.<\/p>\n

\u201cWhile we are obligated to assume a minimum of 17 leases, our destination rights will allow us to operate stores and retain employees at a number to maximize profitability,\u201d said Camping World CEO Marcus Lemonis.<\/p>\n

Lemonis told the Wall Street Journal <\/a>that at least half the stores will be shut down. He did not go into detail about which stores would get the ax and which would continue to operate. \u00a0Though it appears he’s making those announcements randomly on Twitter.<\/p>\n

\n

Store staying open alert #Huberheights<\/a> #winstonsalem<\/a> #avonIN<\/a> #augustaGa<\/a><\/p>\n

\u2014 Marcus Lemonis (@marcuslemonis) May 5, 2017<\/a><\/p><\/blockquote>\n

\u201cThe liquidation of the existing Gander Mountain inventory will allow us to start with a clean slate of what we consider the appropriate mix and levels of inventory,\u201d Lemonis said in a statement, \u201cincluding the addition of Camping World and Overton offerings where appropriate.\u201d<\/p>\n

The liquidation of Gander Mountain could generate up to $430 million or about 91 percent of what it paid for its current inventory, according to Bloomberg News<\/a>. Investment firm Gordon Brothers and Hilco Merchant Resources will oversee the liquidation.<\/p>\n

\"UPDATE:<\/a>

A look at the stock price of Camping World for the past month.<\/p><\/div>\n

In 2016, Camping World generated $203 million in profit against a total of $3.5 billion in sales. The company is traded on the New York Stock Exchange<\/a>.<\/p>\n

UPDATE: 5\/8\/17<\/strong><\/p>\n

Camping World is throwing a huge liquidation sale. \u00a0See info below:<\/p>\n

\"UPDATE:<\/a>

All sales final. No refunds, no exchanges or adjustments for prior purchases. We accept cash, Visa, MasterCard, Discover, and American Express Cards. Not all items in all stores. Inventory is limited to stock on hand. These stores are not participating in current circulars.<\/p><\/div>\n

What\u2019s happening at Gander Mountain?<\/h2>\n

Gander Mountain is the nation\u2019s largest retail network of outdoor specialty stores for hunting, fishing, camping, marine, apparel, footwear, shooting sports, and outdoor lifestyle. Gander Mountain has spent over 50 years igniting people\u2019s passion for the outdoors. In every natural convention, from twisting trails to surging streams, we\u2019ve challenged ourselves to discover something valuable to pass along to each of our customers. We are committed to staying the go-to place for outdoor enthusiasts who are constantly in search of great, high-quality gear to help them make more great moments in the outdoors.<\/em><\/p>\n

Better Gear. Better Performance. Better Service. Better Value. All at Gander Mountain.<\/em><\/p>\n

WE LIVE OUTDOORS.<\/h2>\n

In March 2017, Gander Mountain filed for voluntary Chapter 11 Bankruptcy and began the work to restructure the company and remain a part of the outdoor community. In May 2017, Gander Mountain and Overton\u2019s were acquired by Camping World Holdings, Inc.<\/em><\/p>\n

Camping World<\/h2>\n

Camping World Holdings, Inc. is the only provider of a comprehensive portfolio of services, protection plans, products, and resources for recreational vehicle (\u201cRV\u201d) enthusiasts. Through its two iconic brands, Camping World and Good Sam, the company offers new and used RVs for sale, vehicle service, and maintenance along with more than 10,000 products and services through its retail locations and membership clubs. Good Sam branded offerings provide the industry\u2019s broadest and deepest range of services, protection plans, products, and resources. The Camping World brand operates the largest national network of RV-centric retail locations in the United States through over 125 retail locations in 36 states and an e-commerce platform. With both brands founded in 1966, product and service offerings are based on 50 years of experience and customer feedback from RV enthusiasts.<\/em><\/p>\n

What does this mean for Gander Mountain?<\/h2>\n

The announcement of Camping World acquiring the Gander Mountain brand means that we will continue to be a part of the specialty outdoor market. Many of our customers that depend on us for their recreational lifestyle will continue to enjoy the great products and services that have been the company\u2019s hallmark throughout its history. We at Gander Mountain believe that our best days are still ahead of us and we ask that you join us in welcoming and supporting this successful transition. Camping World shares the same passion for the outdoors as Gander Mountain and our customers, making for a great melding of businesses and outdoor communities.<\/em><\/p>\n

Welcome to the team, Camping World! We are excited for the future and the infinite possibilities ahead of us to serve the outdoor community!<\/em><\/p>\n

Check back in Fall 2017 for more details!<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Embattled Gander Mountain was scooped up by Camping World Holdings last week for quite a bargain, but despite the acquisition it appears that as many as half of Gander Mountain\u2019s retail locations may close down.<\/p>\n","protected":false},"author":34,"featured_media":73486,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_specdata_upc":"","_specdata_placement":"","footnotes":""},"categories":[7,111,216],"tags":[132,617],"featured":[],"hunt365":[],"class_list":{"0":"post-73454","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gunsamerica-authors","8":"category-industry-news","9":"category-s-h-blannelberry","10":"tag-buzz","11":"tag-industry-news"},"yoast_head":"\nUPDATE: Half of Gander Mountain\u2019s Stores Will Close, Huge Liquidation Sale<\/title>\n<meta name=\"description\" content=\"Gander Mountain will shut down half of its store locations.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gunsamerica.com\/digest\/half-of-gander-mountains-stores-may-close\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UPDATE: Half of Gander Mountain\u2019s Stores Will Close, Huge Liquidation Sale\" \/>\n<meta property=\"og:description\" content=\"Embattled Gander Mountain was scooped up by Camping World Holdings last week for quite a bargain, but despite the acquisition it appears that as many as half of Gander Mountain\u2019s retail locations may close down.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gunsamerica.com\/digest\/half-of-gander-mountains-stores-may-close\/\" \/>\n<meta property=\"og:site_name\" content=\"Gun Reviews and News | GunsAmerica.com\/Digest\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/gunsamerica\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-08T17:00:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-20T22:32:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/gunsamerica.com\/digest\/wp-content\/uploads\/2017\/05\/Gander1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"972\" \/>\n\t<meta property=\"og:image:height\" content=\"752\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"S.H. 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