Gander Mountain Bankruptcy?

[delcecchi]

http://www.brainerddispatch.com/news/4215918-gander-mountain-preparing-file-bankruptcy-month

 

St. Paul-based hunting and fishing chain Gander Mountain is preparing to file for bankruptcy as early as this month, after an aggressive effort to expand its store base failed to pull in new customers, according to people familiar with the matter.

Gander Mountain is working with financial advisory firm Lighthouse Management Group and law firm Fredrikson & Byron PA as it gets ready to file for bankruptcy, the people said this week.

The sources asked not to be identified because the matter is confidential. Gander Mountain and Lighthouse Management declined to comment this week, while a spokeswoman for Fredrikson did not return a request for comment made on Wednesday, Feb. 8.

Gander Mountain, which bills itself as America's firearms superstore, has faced challenges capitalizing on a booming gun market. The Federal Bureau of Investigation carried out a record 27.5 million background checks on people seeking to buy guns in 2016, up 19 percent from the year before.

(snip)

Gander Mountain was taken private in 2010 by Gratco, a holding company controlled by Gander Chairman and Chief Executive David Pratt, and Holiday Stationstores, a gas-station retail operation controlled by Minnesota's Erickson family.

Gander Mountain confronts financial trouble after an aggressive expansion across the United States for a total of about 160 stores, with nearly 60 new outposts opened or announced since 2012.

(continues at link)

[eyeguy 54]

[ZachD]

Ya except for the 32 stores they are closing 3 in Minnesota

 

 

Gander Mountain will be closing three Minnesota stores in Rogers, Mankato, and Woodbury, according to a spokesman.

 

I wonder when the big sale is going to be I want to be there for that then you can actually get some decently priced stuff from them.

 

I remember when they moved the Gander to the new location in Blaine man I got some good deals. I went there the last day and they guy told me to go grab double of everything and he would give me 2 for 1 on already marked down 40% stuff

I know it wont be like that again but I am interested in what deals are to be had.

[monstermoose78]

I got bulk jigs for 5 bucks for box full I bought 4 boxs

That was in fridley 

[ZachD]

8 hours ago, monstermoose78 said:

I got bulk jigs for 5 bucks for box full I bought 4 boxs

That was in fridley 

Yup that's the one they had some awesome deals.

 

I am glad the one in Rogers is going under maybe that will push some of the little customers they had to the The guns and gear store next door to archery country now that place is good with their customer service and a small business worth supporting

[carpface]

      I don't like seeing any business go under. There are some decent folks that work there that will have to go job hunting. I bought 3 guns from the Mankato store as well as some other odds and ends. Too bad. I wasn't surprised to hear the news, though. I never had a problem finding a parking place there. There's a Scheels and a Mills Fleet Farm near this store.