Gander Mountain’s Bankruptcy Has A Major Silver Lining
By Tom Knighton
Gander Mountain stores closing was undoubtedly sad news for many people. Finding out that the remaining stores would have a greatly reduced firearm inventory probably didn’t perk up any of those who were gun buffs either.
Unfortunately, the bankruptcy of Gander Mountain is having some serious repercussions throughout the gun world.
After struggling for months to stay afloat, Gander Mountain filed for bankruptcy protection in March, saying it wanted to sell the business and close a number of stores. Recreational vehicle dealer Camping World Holdings (NYSE:CWH) ultimately won Gander Mountain’s assets at auction, which further fueled the problems Cabela’s is experiencing.
While the firearms industry has been in a funk since the election of Donald Trump last November, Camping World’s chairman and CEO Marcus Lemonis exacerbated the situation by liquidating the sporting goods chain’s firearms inventory.
He was highly critical of Gander Mountain’s management team and their decision to become “America’s Firearms Superstore,” and though he wasn’t banning guns from the stores he renamed Gander Outdoor, there were only going to be a few dozen stores operating and they’d have a highly curated selection of guns on hand. All that inventory being sold off at …Read the Rest
Source:: Bearing Arms