December 11, 2017

Gander Mountain files for bankruptcy; 3 Minnesota stores closing – TwinCities.com

Gander Mountain, one of the nation’s largest outdoor outfitters, has filed for bankruptcy.

The privately held St. Paul-based retailer announced Friday that it has voluntarily filed for federal Chapter 11 bankruptcy protection to help sell it and its subsidiaries, including Overton’s, an online boating retailer.

The company said three of its Minnesota stores — in Woodbury, Rogers and Mankato — will close. These are part of 32 underperforming retail locations that will begin a shutdown process in the next several weeks, the company said in a news release. A spokesman provided the closure list, which also includes two Wisconsin stores, Eau Claire

Source: http://www.twincities.com/2017/03/10/gander-mountain-bankruptcy-stores-closing-says-it-needs-to-be-sold/