Published: Monday, March 13, 2017 @ 1:20 PM
By: Kara Driscoll - Staff Writer
— Sporting goods retailer Gander Mountain Company, which has a location in Huber Heights, has filed for bankruptcy.
The outdoor sporting goods retailer, which sells guns and rifles, operates 162 and announced that 32 “underperforming” stores will shut down in the next several weeks. No Ohio stores were on that list of impacted stores.
Gander Mountain and some of its subsidiaries filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code earlier this month after the retailer “experienced traffic patterns and shifts in consumer demand resulting from increased direct-to-customer sales by key vendors and accelerated growth of e-commerce,” according to a company statement.
The chain has a store located at 8001 Old Troy Pike in Huber Heights, but store workers said the location was not in the process of closing.
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Gander Mountain is in active discussions with a number of parties interested in a going-concern sale and expects to solicit bids prior to an auction to be held in late April 2017, according to the company. The company expects to submit the winning bid to the court for approval in early May and anticipates a closing of the sale by May 15.
Gander Mountain has stores in 26 states, including eight in Ohio.
Stores slated for closing:
Alabama (4) – Gadsden, Mobile, Montgomery, Tuscaloosa
Georgia (3) – Augusta, McDonough, Snellville
Illinois (3) – Champaign, Algonquin, Springfield
Indiana (2) – Merrillville, Greenfield
Minnesota (3) – Rogers, Mankato, Woodbury
New York (1) – New Hartford
North Carolina (2) – Raleigh, South Charlotte
Tennessee (1) – Chattanooga
Texas (10) – Houston, Killeen, Laredo, Lubbock, Round Rock, San Antonio, Sugar Land, Texarkana, Waco, West Houston
West Virginia (1) – Charleston
Wisconsin (2) – Eau Claire, Germantown
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