Fargo’s Gander Mountain Will Remain Open As Company Files For Bankruptcy

Fargo’s Gander Mountain store is not among the 32 the company will close after filing Chapter 11 bankruptcy.

A company spokesman says the following stores will be closed as the company restructures:

Alabama (4) – Gadsden, Mobile, Montgomery, Tuscaloosa

Georgia (3) – Augusta, McDonough, Snellville

Illinois (3) – Champaign, Algonquin, Springfield

Indiana (2) – Merrillville, Greenfield

Minnesota (3) – Rogers, Mankato, Woodbury

New York (1) – New Hartford

North Carolina (2) – Raleigh, South Charlotte

Tennessee (1) – Chattanooga

Texas (10) – Houston, Killeen, Laredo, Lubbock, Round Rock, San Antonio, Sugar Land, Texarkana, Waco, West Houston

West Virginia (1) – Charleston

Wisconsin (2) – Eau Claire, Germantown

A story posted at The Forum’s web site says:

ST. PAUL — Outdoor retailer Gander Mountain and its subsidiary Overton’s said Friday, March 10, that is has filed for Chapter 11 bankruptcy protection and 32 underperforming stores are slated for closure.

The company said in February plans were in motion for filing.

“Like many retailers, Gander Mountain experienced challenging traffic patterns and shifts in consumer demand resulting from increased direct-to-customer sales by key vendors and accelerated growth of e-commerce,” the company said in a news release March 10.

Gander Mountain is looking to sell the company on a going-concern basis.

You can read the rest of the story by clicking here:

Gander Mountain files for Chapter 11 bankruptcy.