MINNEAPOLIS (WCCO) – Outdoor recreational store Gander Mountain has announced it is filing for bankruptcy.
In a press release, the company said a decrease in in-store sales led them to review their business plan. As a result, in order to keep up with online shopping, it was determined the company needed to restructure to have a more narrow focus and lower operating cost.
To do so more smoothly, Gander Mountain decided to file for bankruptcy.
During the process, business hours at each location will remain the same. Employee pay, benefits and retirement plans will also remain in place.
However, 32 underperforming stores will begin to close in the next several weeks. Three Minnesota stores — Rogers, Mankato and Woodbury — will close. The other closing stores are listed below.
- Alabama (4) – Gadsden, Mobile, Montgomery, Tuscaloosa
- Georgia (3) – Augusta, McDonough, Snellville
- Illinois (3) – Champaign, Algonquin, Springfield
- Indiana (2) – Merrillville, Greenfield
- 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