5 things to know about Gander Mountain store closings

Sporting goods retailer Gander Mountain Company, which has a location in Huber Heights, has filed for bankruptcy. The company will shut down several stores.

Here are five things to know about store closures:

1. The outdoor sporting goods retailer, which sells guns and rifles, operates 162 stores and announced that 32 "underperforming" stores will shut down in the next several weeks.

2. Gander Mountain has several locations in Ohio, including one in Huber Heights. A company spokesman told this newspaper that no locations in the state have been impacted by the downsizing effort yet.

3. 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.

4. 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.


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