In March 2017, Gander Mountain voluntarily filed for Chapter 11 bankruptcy. The retail chain decided to close 32 underperforming stores in 11 states. The company also began looking for a buyer. However, there was initially little to no interest from potential buyers. Store closures began in April with the affected stores holding inventory liquidation sales.
On May 1, 2017, Camping World Holdings, Inc. acquired Gander Mountain at auction for an estimated $35.4 million. The sale will be finalized pending approval by federal bankruptcy court. As part of the deal, Camping World is obligated to operate a minimum of 17 Gander Mountain stores. However, Camping World executives have stated that they will most likely retain and operate stores in excess of that number. Liquidation sales will continue in order to revamp Gander Mountain’s inventory structure with one that ensures greater profitability. The revamp will include incorporating Camping World merchandise at select Gander Mountain locations.
Camping World Holdings, Inc. changed Gander Mountain to Gander Outdoors.
Drulyk Construction assisted Gander Outdoors with buildout services for Cicero, NY, Watertown, NY, and Plattsburgh, NY. Then helped with some minor renovations at Gander Outdoors in Tonawanda, NY and in Kingston, NY.Back To All News