Published: Sun, March 12, 2017
Markets | By Terence Owen

Gander Mountain to keep open Wichita store during bankruptcy

Gander Mountain to keep open Wichita store during bankruptcy

Gander Mountain already is talking to a number of interested parties and plans to put itself up for auction in late April.

The store opened in March 2008.

The hunting and outdoor recreation company announced it will close 32 stores, including 10 of 22 in Texas, over the next few weeks. Its reorganization plan calls for the sale of the company.

Two of Gander Mountain's chief competitors, Bass Pro Shops and Cabela's, joined forces in a $5.5 billion deal a year ago. Cabela's is being acquired by Bass Pro Shops.

But spokeswoman Jess Myers wrote in an email that none of the company's Pennsylvania locations is on the list of those that will shut down as a result of the bankruptcy filing.

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The store's manager directed all questions to the St. Paul, Minn., corporate headquarters.

The company also declared Chapter 11 bankruptcy in 1984 and 1996. Eastern Outfitters, owned by Eastern Mountain Sports, filed for bankruptcy last week. The company anticipates a winning bid will be approved in early May and the sale will close by May 15.

"The company generally expects to conduct normal business operations during the pendency of its restructuring", Gander Mountain said in its statement.

The company says they have 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.

Employee pay, benefits and retirement accounts will remain in place, the statement said. It now has 162 locations in 26 states.

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