Gander Mountain Stores Are Closing
Back in March when Gander Mountain announced it had filed for bankruptcy protection under Chapter 11, the St. Paul, Minnesota-based company said it was closing 32 stores, but 130 would remain open. As part of the plan, the company was put up for sale.
Earlier this week it was announced that Camping World had submitted the winning bid to acquire Gander Mountain's assets, but it would mean most of the company's inventory would be liquidated and nearly all of its remaining stores, including Tonawanda, would be closed. Camping World would be obligated to keep open 17 of Gander Mountain's most profitable stores with a focus on its boating business, but hunting, fishing and guns would be sold off.
A bankruptcy court in Ohio was taking up the case today as Gander Mountain looks for approval of Camping World's bid to take control of the company. In the meantime, signs went up at the Tonawanda store on Young Street advertising that all inventory must be liquidated and offering substantial savings.