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Kathy M

(1,242 posts)
19. I do not think it is known how many stores will stay open or will close .....
Sun May 7, 2017, 01:59 AM
May 2017

"The structure of our deal provides much flexibility and will not only allow us to refine the inventory selection and select only those stores which are profitable or we believe have a clear path to profitability, but will also allow us to immediately offer our comprehensive portfolio of services, protection plans, products and resources to the existing Gander Mountain and Overton customer base and in stores in which we elect to operate," Lemonis said.

Under the terms of the deal, Camping World will assume a minimum of 17 stores leases with options to keep the others open based on profitability. Lemonis told the Wall Street Journal that it's likely at least half of Gander's 160 stores won't survive. "

http://www.al.com/news/index.ssf/2017/05/camping_world_buys_gander_moun.html

Starting in fall of 2015 .... " Cabela's gave no details of what changes it might consider, saying only that it would weigh "a wide range" of options. Reuters reported in November that rival Bass Pro Shop has considered a bid for Cabela's. "

https://www.usatoday.com/story/money/2015/12/02/cabelas-strategic-alternatives-outdoor-shop-elliott-management/76654306/

In 2017 article ..... " It's been a little over four months since outdoor-gear retailer Cabela's Inc. agreed to a $5.5 billion takeover by closely-held rival Bass Pro Shops at a mammoth premium, valuing it at $65.50 apiece. "

" The deal is undergoing additional review by the U.S. Federal Trade Commission. The merger's chances may be dented by the fact that one competitor of the two chains, Gander Mountain & Co., is reportedly preparing to file for bankruptcy. "

https://www.bloomberg.com/gadfly/articles/2017-02-15/cabela-s-bass-pro-deal-is-salvageable-and-pessimism-is-overdone

A brand new one opened in sept of 2016 meadowlark5 May 2017 #1
Hunt. Fish. Swim. Broke. Efilroft Sul May 2017 #2
The business model has got to be a tough one. louis-t May 2017 #3
Good! llmart May 2017 #4
The demise of Gander Mountain won't result in a single decline in firearm sales. EL34x4 May 2017 #11
from my experience melm00se May 2017 #15
They're around 100-150 bucks high on most their firearms. ileus May 2017 #24
Overpriced in Eau Claire WI also. I never went back after stopping in for some camping gear riversedge May 2017 #27
and now you have to buy worms from WalMart snooper2 May 2017 #33
There was nothing at Gander Mountain that couldn't be bought cheaper online Lurks Often May 2017 #5
Good fly tying supplies. Throck May 2017 #6
I guess not having a Black Democratic man in the White House ToxMarz May 2017 #7
Some reports say the whole chain is going under, others say only parts of it is jmowreader May 2017 #8
In March, they reported just a handful of low-performing stores would close. EL34x4 May 2017 #12
Isn't this bmbmd May 2017 #9
Yes -maybe the Koch boycott worked lunasun May 2017 #17
Thank you. Local gander closing and I need some fishing stuff dembotoz May 2017 #22
Huh. PoindexterOglethorpe May 2017 #10
In my opinion, part of their downfall was a major emphasis on their house brand gear EarthFirst May 2017 #13
Yep. Cabella's catalog has been a mainstay in my in-laws house for years underpants May 2017 #26
Gander Mountains that I've visited in recent years have been huge and empty. truthisfreedom May 2017 #14
That's where the Aurora theater shooter bought two of his guns benpollard May 2017 #16
Thier aim was for "Firearms Supercenters" lunasun May 2017 #18
Good riddance is right! llmart May 2017 #23
II buy my guns from locally owned shops. gilbert sullivan May 2017 #39
I do not think it is known how many stores will stay open or will close ..... Kathy M May 2017 #19
If you go to their website, it says all stores closing. Habibi May 2017 #20
They stock a lot of clothing, footwear and camping gear also. Throck May 2017 #21
Just way overpriced on almost everything. ileus May 2017 #25
I've never been in one. I've seen one just a bit west of Fredericksburg. mahatmakanejeeves May 2017 #28
Eastern Mountain Sports *used* to be nicknamed "Expensive Mountaineering Stuff" friendly_iconoclast May 2017 #30
More info about Marcus Lemonis involvement Crabby Appleton May 2017 #29
Gander Mountain here is nice but over-priced demtenjeep May 2017 #31
Way to go TRUMP!!!!! Bengus81 May 2017 #32
We're winning so much we're going to be sick of winning, OK? Initech May 2017 #35
Overpriced jack69 May 2017 #34
We have one in Niles Ohio...just opened...and it is closing...probably equity firm...stealing the Demsrule86 May 2017 #36
Can't say that GM is all that popular for guns or hunting... S_B_Jackson May 2017 #37
Popular? Not around here. Yonnie3 May 2017 #38
Fear is to gun makers as fuel is to airlines Kennah May 2017 #40
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