Gander MTN
Baskersfield, CA
Gander Mountain Company, Inc., headquartered in St. Paul, Minnesota, was a retail network of stores for hunting, fishing, camping, and other outdoor recreation products and services. Gander Mountain Incorporated began as a catalog-based retailer in Wilmot, Wisconsin. Wilmot is located near Gander Mountain, the highest point in Lake County, Illinois a short distance across the state line. As of March 2017 the chain had 162 stores in 27 states, making it the largest chain of outdoors specialty stores in the United States. In the 1990s the company sought bankruptcy protection and began to rebuild its business once it emerged.
In 1996 it sold its mail order division and then later acquired the watersports company Overton’s in order to relaunch its mail order business. The company filed for bankruptcy in March 2017 with plans to close 32 stores. On May 5, 2017, Gander Mountain announced via its website the upcoming closure of all of its locations. The new owner, Marcus Lemonis, has clarified through his account on Twitter that the bankruptcy court has sold the inventory and is liquidating it. Not all stores will remain closed if a new lease can be worked out with each landlord.
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Positives:
- Publically Traded Company
- Strong Parent Company
- Typically Long term leases with increases
Negatives:
- Competitive Industry Sector
- Susceptible to economic trends and pressures
- Large buildouts and large spaces make it more challenging to re-tenant
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Gander MTN Company Profile
Headquarters Information
Saint Paul, Minnesota
Founded in 1960
Company type: Private
Stock Ticker: CWH
Parent Company: Camping World Holdings
Industry: Retail
# of Employees: 5,606
Gander MTN Stock Keys
Title | 2017 | 2016 |
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