| Submit your comments on this article |
| Economy |
| Gander Mountain preparing bankruptcy filing |
| 2017-02-28 |
| [TwinCities Pioneer Press] Reuters is reporting that St. Paul-based hunting and fishing chain Gander Mountain is preparing to file for bankruptcy as early as this month, after an aggressive effort to expand its store base failed to pull in new customers, according to people familiar with the matter. Gander Mountain is working with financial advisory firm Lighthouse Management Group and Minneapolis law firm Fredrikson & Byron as it gets ready to file for bankruptcy, the people told Reuters this week. The sources asked not to be identified because the matter is confidential. Gander Mountain and Lighthouse Management declined to comment this week, while a spokeswoman for Fredrikson did not return a request for comment made on Wednesday, Feb. 8. Gander Mountain, which bills itself as America’s firearms superstore, has faced challenges capitalizing on a booming gun market. The Federal Bureau of Investigation carried out a record 27.5 million background checks on people seeking to buy guns in 2016, up 19 percent from the year before. |
| Posted by:Besoeker |
| #4 The original Gander Mountain based in Wilmont Their main storefront and 'discount' buildings used to be a great places to go when in that part of the world....but that was 25-30 years ago. By the mid-90s they started to open up the regional stores and the Wilmot locations went downhill fast. |
| Posted by: Mullah Richard 2017-02-28 13:49 |
| #3 Gander Mountain, which bills itself as America's firearms superstore... Not surprising they may go Tango Uniform. Their marketing model for gun sales suck. Given the volume of Gander Mountain's inventory they could compete with anybody. Yet their gun prices are on average 20% higher than many of the online gun retailers. Their outlets will only price-match the bricks and mortar vendors in their respective regions. The 'we gotta pay to keep the lights on' excuse works for Local Gun Shops but falls flat for larger retailers with other product lines. That's why, given the choice, many gun buyers will choose their LGS over chain retailers. |
| Posted by: DepotGuy 2017-02-28 11:26 |
| #2 The original Gander Mountain based in Wilmont about 20 miles from my house went through the same thing. Maybe they were just too late as there are at least three known Mammoth kill/butchering sites in the county |
| Posted by: Cheaderhead 2017-02-28 09:14 |
| #1 People at their gun counter not nearly as snotty, slow and unknowledgable as those at Cabela's. Like pizza and BBQ, I'll always take my business to a mom'n'pop outfit when I can... |
| Posted by: M. Murcek 2017-02-28 08:39 |