(Photo By Flickr User Mike Kalasnik)
The retail industry continues to struggle as online sellers are squeezing brick and mortar stores and competition ramps up. The tough environment has forced many retailers to close stores and several have filed for bankruptcy.
The latest casualty: Outdoor goods retailer Gander Mountain.
According to usatoday.com & bearingarms.com, The company filed for Chapter 11 bankruptcy protection and has announced it will close 32 of its 162 stores. The stores set to close are in 11 different states.
Three Gander Mountain stores in Illinois are closing its doors; the cities are Peoria, Springfield, and Marion.
On May 1st, Camping World Holdings, Inc. acquired Gander Mountain and Overton’s. Under the agreement, Camping World acquired Gander Mountain’s existing leases and employees. Gander Mountain, however, has to liquidate all of their current inventory nationwide.
For more details on the Gander Mountain Store Closings, log online to www.gandermountain.com, right now!!
