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.
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