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.READ MORE: Minnesota Revenue Dept. Still Assessing What Deal For Tax Relief On Jobless Benefits, PPP Means For Tax Returns
To do so more smoothly, Gander Mountain decided to file for bankruptcy.READ MORE: Train Derailment In Albert Lea Spilled 40,000 Gallons Of Hydrochloric Acid, Freeborn County Officials Say
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.MORE NEWS: Minneapolis City Leaders Put Forth Vision For New Public Safety Plan
- 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
[graphiq id=”aUeLmBHRG8B” title=”Gander Mountain” width=”600″ height=”748″ url=”https://w.graphiq.com/w/aUeLmBHRG8B” link_text=”Graphiq” ]