craigdritchie Posted March 13, 2017 Report Share Posted March 13, 2017 Sad news today ... Gander Mountain, along with its boating equipment subsidiary, Overton’s, files for Chapter 11 protection. Gander Mountain, a Minnesota-based retail company focusing on small boats, fishing equipment and other outdoor equipment, has filed for Chapter 11 bankruptcy protection. The company operates 162 stores in 26 states in the US. The company also filed for bankruptcy for Overton’s, a wholly owned subsidiary that sells boating and watersports equipment. Gander Mountain attempted to sell the company last year, but could not find a buyer. Gander Mountain said in a statement that it will close 32 “underperforming” stores as part of its restructuring plans. It said that it will remain open, but has put the business up for sale. "The court's protections will enable us to manage the sale process on an expedited basis while protecting the interests of our customers, employees and other stakeholders," Gander Mountain explained in the statement. The company said it is in active discussions with several potential buyers. It expects to hold an auction in late April. The outdoor retail sector has seen significant changes lately. Cabela’s, a direct competitor to Gander Mountain, is being acquired by Bass Pro Shops, sister company to Tracker Marine Group. Several analysts wondered whether Gander Mountain’s bankruptcy would impact the Cabela’s/Bass Pro deal since the US government is already exploring monopoly concerns over the acquisition. Gander Mountain said it expects to hold an auction in late April, with a closing by May 15. Link to comment Share on other sites More sharing options...
grimsbylander Posted March 13, 2017 Report Share Posted March 13, 2017 Very unfortunate. Johnny Morris will have a monopoly in sporting goods if/when the merger passes. Link to comment Share on other sites More sharing options...
OhioFisherman Posted March 13, 2017 Report Share Posted March 13, 2017 It's nice to have shopping choices, and Gander Mountain wasn't a bad one. Gander Mountain files Ch. 11 bankruptcy, closing 32 stores - WFMJ.com News weather sports for Youngstown-Warren Ohio http://www.chroniclet.com/Local-News/2016/10/07/Sheffield-Gander-Mountain-closing-new-Cabela-s-blamed.html They finally opened a Cabelas near me last year in time for the Christmas shopping season, it's not really surprising that the Gander Mountain closest to them closed around the same time? Never saw a tour bus at a Gander Mountain store here. Link to comment Share on other sites More sharing options...
dave524 Posted March 13, 2017 Report Share Posted March 13, 2017 I always preferred Gander Mountain and Cabelas for hunting gear over the offerings of Bass Pro, but that was years ago when names like Columbia, Abercrombie and Fitch and L.L. Bean catered to the outdoors hunter's and fishermen's needs rather than designer clothes for the latte sucking,urban yuppie crowd. Link to comment Share on other sites More sharing options...
porkpie Posted March 13, 2017 Report Share Posted March 13, 2017 Bummer, I stop in the Tonawanda store several times a year when I'm down fishing. It's always been a great store! Link to comment Share on other sites More sharing options...
FloatnFly Posted March 13, 2017 Report Share Posted March 13, 2017 Bummer, I stop in the Tonawanda store several times a year when I'm down fishing. It's always been a great store! looks like that one will still be open list of stores to be closing 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 Link to comment Share on other sites More sharing options...
OhioFisherman Posted March 13, 2017 Report Share Posted March 13, 2017 looks like that one will still be open list of stores to be closing 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 Didn't check them all, but there seems to be some logic involved? Alabama, Georgia, have multiple BPS stores, Texas has 7, and there is a BPS not far from the store in New Hartford New York, in near by Utica. Link to comment Share on other sites More sharing options...
blaque Posted March 14, 2017 Report Share Posted March 14, 2017 I kind of steered clear of gander as they were always out of the most relevant stuff for local fishing needs. For example, theyd always sell out of cleos or moonshine spoons when pier season kicked off and NEVER restocked........once they were out, they were out for the year. Steelhead season came, needed drennan floats.........they were out within days of any anticipation of the season...........and again, once they were out they were out for good till next year. I dunno, i guess its a big box store complaint more than it is a specific gander gripe, but it seemed to really be an issue at gander. Regardless it looks like my store is not on the cut list........we shall see Link to comment Share on other sites More sharing options...
BillM Posted March 14, 2017 Report Share Posted March 14, 2017 Blaque, sounds like you need to start shopping earlier :) I always stop in the Gander in Tonawanda if I'm fishing out that way. Great store. Link to comment Share on other sites More sharing options...
beertech Posted March 14, 2017 Report Share Posted March 14, 2017 I find gander is always a disorganized mess Link to comment Share on other sites More sharing options...
dave524 Posted March 14, 2017 Report Share Posted March 14, 2017 I always liked the 'Outdoors Store " on the south west corner of the QEW and Dixie Rd Link to comment Share on other sites More sharing options...
blaque Posted March 14, 2017 Report Share Posted March 14, 2017 Blaque, sounds like you need to start shopping earlier :) I always stop in the Gander in Tonawanda if I'm fishing out that way. Great store. that "sounds" logical......but when i do that , it seems i always get the "those havent come in yet" or "keep checking back" or "the truck is supposed to be here wednesday" HAHA Link to comment Share on other sites More sharing options...
Old Ironmaker Posted March 15, 2017 Report Share Posted March 15, 2017 I have empathy for the employees, they are the real losers when this happens. I have been to the Tonawanda store a few times when I visit relatives there. They have nothing that I can't get from my local tackle shop. Of course there is far greater choice, too many choices for me, and sometimes prices. Adding 30% there makes prices here palpable, but I won't miss it. For me less choice is easier shopping, I do not enjoy shopping. If I need something I go out and buy it after I find it online. Link to comment Share on other sites More sharing options...
Dara Posted March 15, 2017 Report Share Posted March 15, 2017 Best store I can get to is Gander in Traverse city...anything else is 5 or 6 hours away Link to comment Share on other sites More sharing options...
Rattletrap2 Posted March 16, 2017 Report Share Posted March 16, 2017 I always liked the 'Outdoors Store " on the south west corner of the QEW and Dixie Rd Ahh.....the good ol' days! Me too! Link to comment Share on other sites More sharing options...
Rattletrap2 Posted March 16, 2017 Report Share Posted March 16, 2017 I have shopped the Gander Mountain in Port Huron, MI quite a few times over the years. It is okay, but nothing special. Link to comment Share on other sites More sharing options...
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