Some Gander Outdoors stores will open in November, CEO says
By Christen Smith
Gander Mountain announces nationwide liquidation sale as new CEO Marcus Lemonis re-brands the company’s existing locations as Gander Outdoors. (Photo: Chris Eger/Guns.com)
Some of the re-branded Gander Outdoors stores will open come November, according to the company’s top executive.
Camping World CEO Marcus Lemonis — who bought out Gander Mountain’s intellectual property and store leases in an April bankruptcy auction — told investors last week he remains committed to “only open stores with a historical level of profitability.”
“In line with that, we believe to have a unique opportunity to expand into the broader outdoor lifestyle market and leverage our existing array of products and services,” he said during a conference call with investors Thursday. “We’re focused on locations that can offer all of our Gander, Overton’s, Camping World and Good Sam products and services for the RV, boating and outdoor lifestyle. With the first of these locations targeted to open in November and our continued acquisition efforts and our new store opening strategy, we intend to increase our borrowings in the coming weeks.”
Gander Mountain filed for Chapter 11 bankruptcy protections in Minnesota court on March 10.
Less than a month after Lemonis bought out the company, he changed its name to Gander Outdoors and