Inventory liquidation sales are now under way at all Gander Mountain store locations. As reported, Camping World has agreed to acquire a minimum of 17 stores but will reopen them following the the liquidations.
The store sites Camping World will retain are still being decided.
In an interview with USA Today, Marcus Lemonis, the owner of Camping World and star of CNBC’s The Profit, said Camping World acquired the intellectual property, trademarks and rights to the leases, while the liquidators assumed all the inventory. He added, “Ultimately we control the leases … every single property. And my intention is to keep at least 70 open.”
The nationwide sale is being conducted by a joint venture consortium consisting of Tiger Capital Group, Great American Group, Gordon Brothers and Hilco Merchant Resources. Gander Mountain has 160 stores. Of those, 32 were already in the process of being liquidated soon after the company filed for Chapter 11 bankruptcy protection on March 10.
The consortium of Tiger Capital Group, Great American Group, Gordon Brothers and Hilco Merchant Resources prevailed in its April 28th bid to become the liquidating agent for the Gander Mountain inventory. The joint venture consortium will immediately commence the sale of Gander Mountain inventory at all Gander Mountain retail locations.
“Since 1960, Gander Mountain has offered the most sought-after, high-performance outdoor gear at extremely compelling prices,” stated a representative of the joint venture in a statement. “This final liquidation sale presents outdoor enthusiasts with a once-in-a-lifetime opportunity to take deep discounts on this terrific gear. Many of these brands are rarely, if ever, discounted, so shoppers will want to come in early to take advantage of these sales.”
Gander Mountain, known as “America’s Firearm Supercenter,” offers extensive lines of shooting sports, hunting, fishing, camping, marine, apparel, footwear and outdoor lifestyle merchandise. Brands offered include Under Armour, Yeti, The North Face, Coleman, GoPro, Shimano, Columbia, Guide Series, GSX, Carhartt, Merrell, Keen, Rocky, New Balance, and Reebok.
Stores will continue to honor Gander Mountain gift cards until May 17, 2017. The liquidation sales will end when all merchandise has been sold. Stores participating in the liquidation event are located in Alabama, Arkansas, Colorado, Florida, Iowa, Illinois, Indiana, Kansas, Kentucky, Maryland, Michigan, Minnesota, Mississippi, North Carolina, North Dakota, New York, Ohio, Pennsylvania, Tennessee, Texas, Virginia, Wisconsin, and West Virginia. A full listing of closing locations can be found here.