Gander Mountain: Difference between revisions
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{{short description|US based outdoors equipment retailer}} |
{{short description|US based outdoors equipment retailer}} |
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{{Infobox company |
{{Infobox company |
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| name |
| name = Gander Mountain |
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| logo |
| logo = Gander_Mountain_logo.jpeg |
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| logo_size |
| logo_size = 250px |
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| logo_caption = The last Gander Mountain logo ( |
| logo_caption = The last Gander Mountain logo (2003–2017) |
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| foundation |
| foundation = {{start date and age|1960}}, in [[Wilmot, Wisconsin]] |
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| founders |
| founders = |
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| type |
| type = [[Subsidiary]] |
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| location |
| location = [[Saint Paul, Minnesota|Saint Paul]], [[Minnesota]] |
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| key_people |
| key_people = [[Marcus Lemonis]], [[Chief executive officer|CEO]] |
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| industry |
| industry = [[Retailing|Retail]] |
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| former_names |
| former_names = Gander Mountain, Inc. (1960–2017)<br>Gander Outdoors, Inc. (2017–2020)<br>Gander RV (2020–2022) |
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| locations |
| locations = 162 (March 2017) |
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| num_employees = 5,606 (2,325 full-time) (January 2009)<ref name=sec /> |
| num_employees = 5,606 (2,325 full-time) (January 2009)<ref name=sec /> |
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| products |
| products = [[Apparel]], Equipment, & [[Fashion accessory|Accessories]] for: [[Hunting]], [[Fishing]], [[Camping]], [[Outdoor activity|Outdoor Recreation]] |
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| revenue |
| revenue = {{increase}}[[US$]] 1.32 billion (2016) |
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{{increase}}US$ 1.065 billion (2008) <ref name="sec">{{cite web|url=http://ccbn.10kwizard.com/xml/download.php?repo=tenk&ipage=6357808&format=PDF |title=Gander Mountain SEC Form 10-K |format=pdf |access-date=2009-12-27 }}{{dead link|date=January 2017 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> |
{{increase}}US$ 1.065 billion (2008) <ref name="sec">{{cite web|url=http://ccbn.10kwizard.com/xml/download.php?repo=tenk&ipage=6357808&format=PDF |title=Gander Mountain SEC Form 10-K |format=pdf |access-date=2009-12-27 }}{{dead link|date=January 2017 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> |
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| net_income |
| net_income = {{increase}}US$ −15.5 million (2008)<ref name=sec /> |
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| assets |
| assets = {{decrease}}US$ 613.1 million (2008) |
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| equity |
| equity = {{decrease}}US$ 179.9 million (2008) |
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| defunct |
| defunct = {{end date|2022}} |
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| fate = Converted into [[Camping World]] |
| fate = Converted into [[Camping World]] |
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| successor |
| successor = [[Camping World]] |
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| parent |
| parent = [[Camping World]] (2017–2022) |
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| homepage |
| homepage = {{webarchive |url=https://web.archive.org/web/20100303063028/http://gandermountain.shoplocal.com/gandermountain/default.aspx?action=nuep&adref=homepage|date=March 03, 2010|title=Archived official website}} |
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}} |
}} |
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==History== |
==History== |
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'''Gander Mountain Incorporated''' began as a catalog-based 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,<ref name=Jones>{{cite news|last1=Jones|first1=Charisse|title=Gander Mountain latest sports retailer to fail|url=https://www.usatoday.com/story/money/2017/03/13/gander-mountain-latest-sports-retailer-fail/99116236/|access-date=March 14, 2017|publisher=USA Today|date=March 13, 2017}}</ref> making it the largest chain of outdoors specialty stores in the United States.<ref>{{Cite web|url=http://www.startribune.com/gander-mountain-responds-to-bankruptcy-rumors/413849013/|title=Gander Mountain responds to bankruptcy rumors|website=Star Tribune}}</ref> |
'''Gander Mountain Incorporated''' began as a catalog-based 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,<ref name=Jones>{{cite news|last1=Jones|first1=Charisse|title=Gander Mountain latest sports retailer to fail|url=https://www.usatoday.com/story/money/2017/03/13/gander-mountain-latest-sports-retailer-fail/99116236/|access-date=March 14, 2017|publisher=USA Today|date=March 13, 2017}}</ref> making it the largest chain of outdoors specialty stores in the United States.<ref>{{Cite web|url=http://www.startribune.com/gander-mountain-responds-to-bankruptcy-rumors/413849013/|title=Gander Mountain responds to bankruptcy rumors|website=Star Tribune}}</ref> |
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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.<ref name=orrick>{{cite web|last=Orrick|first=Dave|title=Gander Mountain sues Cabela's over web addresses|date=14 December 2013 |url=http://www.twincities.com/business/ci_24729213/gander-mountain-sues-cabelas-over-web-addresses|publisher=TwinCities.com, Pioneer Press|access-date=16 December 2013}}</ref> |
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.<ref name=orrick>{{cite web|last=Orrick|first=Dave|title=Gander Mountain sues Cabela's over web addresses|date=14 December 2013 |url=http://www.twincities.com/business/ci_24729213/gander-mountain-sues-cabelas-over-web-addresses|publisher=TwinCities.com, Pioneer Press|access-date=16 December 2013}}</ref> |
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The company filed for bankruptcy in March 2017 with plans to close 32 stores.<ref name=Jones/><ref>{{cite news|title=Gander Mountain is closing 32 stores: Is yours on the list?|url=https://www.usatoday.com/story/money/2017/03/13/gander-mountain-bankruptcy-store-closings/99125958/|access-date=March 14, 2017|publisher=USA Today|date=March 14, 2017}}</ref> On April 28, 2017, [[Camping World]] Holdings was announced as the winner of the bankruptcy auction of Gander Mountain. On May 5, 2017, Gander Mountain announced via its website the upcoming closure of all of its locations.<ref>{{cite web|title=GanderMountain.com|url=http://www.gandermountain.com|website=GanderMountain.com|access-date=5 May 2017}}</ref> 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.<ref>{{Cite web|url=https://investor.campingworld.com/press-releases/press-release-details/2017/Camping-World-Announces-Acquisition-of-Gander-Mountain-and-Overton-Assets/default.aspx|title=Camping World Announces Acquisition of Gander Mountain and Overton Assets|website=investor.campingworld.com}}</ref> On January 4, 2018, Camping World announced an official list of stores that will reopen under the new Gander Outdoors branding, where 69 stores will open. |
The company filed for bankruptcy in March 2017 with plans to close 32 stores.<ref name=Jones/><ref>{{cite news|title=Gander Mountain is closing 32 stores: Is yours on the list?|url=https://www.usatoday.com/story/money/2017/03/13/gander-mountain-bankruptcy-store-closings/99125958/|access-date=March 14, 2017|publisher=USA Today|date=March 14, 2017}}</ref> On April 28, 2017, [[Camping World]] Holdings was announced as the winner of the bankruptcy auction of Gander Mountain. On May 5, 2017, Gander Mountain announced via its website the upcoming closure of all of its locations.<ref>{{cite web|title=GanderMountain.com|url=http://www.gandermountain.com|website=GanderMountain.com|access-date=5 May 2017}}</ref> 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.<ref>{{Cite web|url=https://investor.campingworld.com/press-releases/press-release-details/2017/Camping-World-Announces-Acquisition-of-Gander-Mountain-and-Overton-Assets/default.aspx|title=Camping World Announces Acquisition of Gander Mountain and Overton Assets|website=investor.campingworld.com}}</ref> On January 4, 2018, Camping World announced an official list of stores that will reopen under the new Gander Outdoors branding, where 69 stores will open. |
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⚫ | On May 1, 2017, [[Camping World]] Holdings, Inc., acquired Gander Mountain at auction for an estimated $35.4 million. As part of the deal, Camping World was obligated to operate a minimum of 17 Gander Mountain stores. As of 2018, Gander Outdoors had 59 open locations.<ref>{{Cite web |title=Camping World drives beyond the RV park with acquisition spree |url=https://www.retaildive.com/news/camping-world-drives-beyond-the-rv-park-with-acquisition-spree/544910/ |access-date=2023-09-05 |website=Retail Dive |language=en-US}}</ref> The revamp included incorporating Camping World merchandise at select Gander Mountain locations.<ref>{{Cite web |last=Ciesco • • |first=Tim |date=2018-05-11 |title=A Year After Bankruptcy, Store Closures, Gander Outdoors Makes Comeback in North Texas |url=https://www.nbcdfw.com/news/local/a-year-after-bankruptcy-store-closures-gander-outdoors-makes-comeback-in-north-texas/2104714/ |access-date=2023-09-05 |website=NBC 5 Dallas-Fort Worth |language=en-US}}</ref> |
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⚫ | From 2019 to 2020, Gander Outdoors replaced its parent company Camping World as the title sponsor of [[NASCAR]]'s [[NASCAR Camping World Truck Series|Truck Series]].<ref>{{cite news|last=Hembree|first=Mike|url=https://www.usatoday.com/story/sports/nascar/2018/05/08/nascar-truck-series-renamed-gander-outdoors-truck-series-2019/589749002/| |
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== Management == |
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Gander Mountain was formerly traded on NASDAQ but was turned into a private company under the majority ownership of David Pratt and the Erickson family,<ref>{{cite news| url=https://www.forbes.com/lists/2006/21/biz_06privates_Holiday-Cos_UL9J.html | work=Forbes | title=#204 Holiday Cos}}</ref> which own [[Holiday Stationstores|Holiday gas stations]]. |
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⚫ | From 2019 to 2020, Gander Outdoors replaced its parent company Camping World as the title sponsor of [[NASCAR]]'s [[NASCAR Camping World Truck Series|Truck Series]].<ref>{{cite news |last=Hembree |first=Mike |date=May 8, 2018 |title=NASCAR Truck Series to be renamed Gander Outdoors Truck Series in 2019 |url=https://www.usatoday.com/story/sports/nascar/2018/05/08/nascar-truck-series-renamed-gander-outdoors-truck-series-2019/589749002/ |access-date=May 10, 2018 |newspaper=[[USA Today]]}}</ref><ref>{{cite web |date=28 July 2022 |title=Camping World ending NASCAR Truck Series sponsorship after 2022 |url=https://www.thecheckeredflag.co.uk/2022/07/camping-world-ending-nascar-truck-series-sponsorship-after-2022/}}</ref> |
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[[David C. Pratt]] was elected chairman of the board in December 2006. Pratt was elected as a director of Gander Mountain in August 2005 and named vice chairman of the board in December 2005. Jay Tibbets served as [[chief executive officer]].<ref>{{cite web|title=Company Overview of Gander Mountain Company Inc.|url=https://www.bloomberg.com/research/stocks/private/people.asp?privcapId=8927082|website=Bloomberg|access-date=March 14, 2017}}</ref> |
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== Operations == |
== Operations == |
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⚫ | |||
Gander Mountain offered a wide array of sportswear for men, women, and children, camouflage and field wear, kayaks and canoes. |
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⚫ | Gander Mountain sold its mail order business to [[Cabela's]] in 1996 with a no-compete clause. In 2007 it won a lawsuit brought by Cabela's to resume online sales. On December 6, 2007, the company announced it purchased boating and watersports catalog company Overton's for $70 million (~${{Format price|{{Inflation|index=US-GDP|value=70000000|start_year=2007}}}} in {{Inflation/year|US-GDP}}) from a private-equity firm. The purchase of Overton's, based in [[Greenville, North Carolina]], helped Gander Mountain's transition back into direct marketing. |
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Gander Mountain offered sportswear, hunting, fishing, camping, and other related outdoor recreation equipment.<ref>{{Cite web |last=Farrell |first=Perry A. |title=8 Gander Mountain stores replaced by Gander Outdoors in Michigan |url=https://www.freep.com/story/news/2018/01/05/gander-mountain-outdoors-michigan/1006697001/ |access-date=2023-10-31 |website=Detroit Free Press |language=en-US}}</ref> Gander Mountain was formerly traded on NASDAQ but was turned into a private company under the majority ownership of David Pratt and the Erickson family,<ref>{{cite news| url=https://www.forbes.com/lists/2006/21/biz_06privates_Holiday-Cos_UL9J.html | work=Forbes | title=#204 Holiday Cos}}</ref> which own [[Holiday Stationstores|Holiday gas stations]]. [[David C. Pratt]] was elected chairman of the board in December 2006. Pratt was elected as a director of Gander Mountain in August 2005 and named vice chairman of the board in December 2005. Jay Tibbets served as [[chief executive officer]].<ref>{{cite web|title=Company Overview of Gander Mountain Company Inc.|url=https://www.bloomberg.com/research/stocks/private/people.asp?privcapId=8927082|website=Bloomberg|access-date=March 14, 2017}}</ref> |
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⚫ | In December 2013, Gander Mountain brought suit against Cabela's claiming that the competitor was illegally using domain names related to its business. The lawsuit accused Cabela's of "violating federal and state statutes as well as common law." Additionally Gander Mountain claimed that Cabela's was in violation of the federal [[Anticybersquatting Consumer Protection Act]], [[trademark infringement]] and [[trademark dilution]].<ref name=orrick /> |
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== Locations == |
== Locations == |
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[[Image:GanderMountainAppletonWisconsin.jpg|thumb|right|Gander Mountain store in [[Appleton, Wisconsin]], using 1980's–2004 era logo.]] |
[[Image:GanderMountainAppletonWisconsin.jpg|thumb|right|Gander Mountain store in [[Appleton, Wisconsin]], using 1980's–2004 era logo.]] |
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[[File:GanderMountain footprint.png|thumb|right|250px|Map of Gander Mountain stores.]] |
[[File:GanderMountain footprint.png|thumb|right|250px|Map of Gander Mountain stores.]] |
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Gander Mountain's |
Gander Mountain's stores ranged in size from 50,000 to 120,000 square feet and offered an outdoor esthetic. Physically, and visually, the stores had wider shopping aisles, high-joist ceilings, brick and stone accents, log-wrapped columns, and other wilderness related decorations.{{citation needed|date=March 2017}} |
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Gander Mountain online store officially opened in August 2008.<ref>{{Cite journal |last=Guernsey |first=Matthew |date=May 27, 2020 |title=Gander Mountain: A Retail Giant's Fall from the Top |url=https://ir.law.utk.edu/cgi/viewcontent.cgi?article=1057&context=utk_studlawbankruptcy |journal=University of Tennessee College of Law}}</ref> |
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Gander Mountain online store officially opened in August 2008. |
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Following the closure of all Gander Mountain stores, 69 stores in 22 states reopened under the Gander Outdoors name.<ref name=Jones /> |
Following the closure of all Gander Mountain stores, 69 stores in 22 states reopened under the Gander Outdoors name.<ref name="Jones" /> |
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== Gun sales == |
== Gun sales == |
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Gander Mountain called itself the top seller of new and used firearms in the United States. Starting in 2010, it had opened six Gander Mountain Academy and Firearms Supercenters, originally called “gun world”, where it estimated that over 250,000 people had received training.<ref>{{cite web|url=http://www.startribune.com/gander-mountain-president-says-st-paul-based-chain-takes-outdoors-advocacy-and-training-seriously/395316671/|date=October 1, 2016|website=Star Tribune|title=Gander Mountain president said St. Paul-based chain took outdoors advocacy and training seriously|access-date=2019-10-26}}</ref> |
Gander Mountain called itself the top seller of new and used firearms in the United States. Starting in 2010, it had opened six Gander Mountain Academy and Firearms Supercenters, originally called “gun world”, where it estimated that over 250,000 people had received training.<ref>{{cite web|url=http://www.startribune.com/gander-mountain-president-says-st-paul-based-chain-takes-outdoors-advocacy-and-training-seriously/395316671/|date=October 1, 2016|website=Star Tribune|title=Gander Mountain president said St. Paul-based chain took outdoors advocacy and training seriously|access-date=2019-10-26}}</ref> |
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== |
== Legal == |
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⚫ | |||
⚫ | In March 2017, Gander Mountain voluntarily filed for Chapter 11 bankruptcy.<ref name=":0">{{Cite |
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⚫ | Gander Mountain sold its mail order business to [[Cabela's]] in 1996 with a no-compete clause.<ref>{{Cite web |date=2016-10-16 |title=Sportsmen ponder Bass Pro Shops-Cabela's merger |url=https://www.arkansasonline.com/news/2016/oct/16/sportsmen-ponder-bass-pro-shops-cabela-/ |access-date=2023-10-26 |website=Arkansas Online |language=en}}</ref> In 2007 it won a lawsuit brought by Cabela's to resume online sales. On December 6, 2007, the company announced it purchased boating and watersports catalog company Overton's for $70 million (~${{Format price|{{Inflation|index=US-GDP|value=70000000|start_year=2007}}}} in {{Inflation/year|US-GDP}}) from a private-equity firm. The purchase of Overton's, based in [[Greenville, North Carolina]], helped Gander Mountain's transition back into direct marketing. |
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⚫ | In December 2013, Gander Mountain brought suit against Cabela's claiming that the competitor was illegally using domain names related to its business. The lawsuit accused Cabela's of "violating federal and state statutes as well as common law." Additionally Gander Mountain claimed that Cabela's was in violation of the federal [[Anticybersquatting Consumer Protection Act]], [[trademark infringement]] and [[trademark dilution]].<ref name="orrick" /> |
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===Sale to Camping World=== |
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⚫ | On May 1, 2017, [[Camping World]] Holdings, Inc., acquired Gander Mountain at auction for an estimated $35.4 million. As part of the deal, Camping World was obligated to operate a minimum of 17 Gander Mountain stores. As of 2018, Gander Outdoors had 59 open locations.<ref>{{Cite web |title=Camping World drives beyond the RV park with acquisition spree |url=https://www.retaildive.com/news/camping-world-drives-beyond-the-rv-park-with-acquisition-spree/544910/ |access-date=2023-09-05 |website=Retail Dive |language=en-US}}</ref> The revamp included incorporating Camping World merchandise at select Gander Mountain locations.<ref>{{Cite web |last=Ciesco • • |first=Tim |date=2018-05-11 |title=A Year After Bankruptcy, Store Closures, Gander Outdoors Makes Comeback in North Texas |url=https://www.nbcdfw.com/news/local/a-year-after-bankruptcy-store-closures-gander-outdoors-makes-comeback-in-north-texas/2104714/ |access-date=2023-09-05 |website=NBC 5 Dallas-Fort Worth |language=en-US}}</ref> |
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== |
=== Bankruptcy === |
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⚫ | In March 2017, Gander Mountain voluntarily filed for Chapter 11 bankruptcy.<ref name=":0">{{Cite news |last=Palank |first=Jacqueline |title=Gander Mountain Files for Chapter 11 |url=https://www.wsj.com/articles/gander-mountain-files-for-chapter-11-1489173758 |access-date=2023-09-05 |website=WSJ |language=en-US}}</ref> The retail chain decided to close 32 stores in 11 states.{{Citation needed|date=September 2023}} The company then began to seek a buyer;<ref name=":0" /> however, there was initially limited interest from potential buyers.{{Citation needed|date=September 2023}} Store closures began in April; the affected stores held inventory liquidation sales.<ref name=":0" /> |
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* [[Academy Sports + Outdoors]] |
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* [[Bass Pro Shops]] |
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* [[Cabela's]] |
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* [[Camping World]] |
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* [[Dick's Sporting Goods]] |
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* [[Good Sam Enterprises]] |
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* [[Green Top Sporting Goods]] |
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* [[Legendary Whitetails]] |
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* [[Recreational Equipment, Inc.|REI]] |
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* [[Scheels All Sports]] |
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* [[Sportsman's Warehouse]] |
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==References== |
==References== |
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* {{Official|https://www.ganderrv.com/}} |
* {{Official|https://www.ganderrv.com/}} |
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* [http://www.overtons.com/ Overton's] |
* [http://www.overtons.com/ Overton's] |
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{{Minnesota Corporations}} |
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[[Category:Companies based in Saint Paul, Minnesota]] |
[[Category:Companies based in Saint Paul, Minnesota]] |
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[[Category:Economy of the Eastern United States]] |
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[[Category:Economy of the Midwestern United States]] |
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[[Category:Economy of the Southwestern United States]] |
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[[Category:Sporting goods retailers of the United States]] |
[[Category:Sporting goods retailers of the United States]] |
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[[Category:American companies established in 1960]] |
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[[Category:American companies disestablished in 2022]] |
[[Category:American companies disestablished in 2022]] |
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[[Category:Retail companies established in 1960]] |
[[Category:Retail companies established in 1960]] |
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[[Category:2022 disestablishments in Wisconsin]] |
[[Category:2022 disestablishments in Wisconsin]] |
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[[Category:Defunct companies based in Minnesota]] |
[[Category:Defunct companies based in Minnesota]] |
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[[Category:Defunct companies based in Wisconsin]] |
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[[Category:Defunct retail companies of the United States]] |
[[Category:Defunct retail companies of the United States]] |
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[[Category:Privately held companies based in Minnesota]] |
[[Category:Privately held companies based in Minnesota]] |
Revision as of 23:20, 17 September 2024
Formerly | Gander Mountain, Inc. (1960–2017) Gander Outdoors, Inc. (2017–2020) Gander RV (2020–2022) |
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Company type | Subsidiary |
Industry | Retail |
Founded | 1960Wilmot, Wisconsin | , in
Defunct | 2022 |
Fate | Converted into Camping World |
Successor | Camping World |
Headquarters | Saint Paul, Minnesota |
Number of locations | 162 (March 2017) |
Key people | Marcus Lemonis, CEO |
Products | Apparel, Equipment, & Accessories for: Hunting, Fishing, Camping, Outdoor Recreation |
Revenue | US$ 1.32 billion (2016) US$ 1.065 billion (2008) [1] |
US$ −15.5 million (2008)[1] | |
Total assets | US$ 613.1 million (2008) |
Total equity | US$ 179.9 million (2008) |
Number of employees | 5,606 (2,325 full-time) (January 2009)[1] |
Parent | Camping World (2017–2022) |
Website | Archived official website at the Wayback Machine (archived March 3, 2010) |
Gander Mountain, later known as Gander Outdoors and Gander RV, headquartered in St. Paul, Minnesota, was a retail network of stores for hunting, fishing, camping, and other outdoor recreation products and services.
History
Gander Mountain Incorporated began as a catalog-based 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[update] the chain had 162 stores in 27 states,[2] making it the largest chain of outdoors specialty stores in the United States.[3]
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.[4]
The company filed for bankruptcy in March 2017 with plans to close 32 stores.[2][5] On April 28, 2017, Camping World Holdings was announced as the winner of the bankruptcy auction of Gander Mountain. On May 5, 2017, Gander Mountain announced via its website the upcoming closure of all of its locations.[6] 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.[7] On January 4, 2018, Camping World announced an official list of stores that will reopen under the new Gander Outdoors branding, where 69 stores will open.
On May 1, 2017, Camping World Holdings, Inc., acquired Gander Mountain at auction for an estimated $35.4 million. As part of the deal, Camping World was obligated to operate a minimum of 17 Gander Mountain stores. As of 2018, Gander Outdoors had 59 open locations.[8] The revamp included incorporating Camping World merchandise at select Gander Mountain locations.[9]
From 2019 to 2020, Gander Outdoors replaced its parent company Camping World as the title sponsor of NASCAR's Truck Series.[10][11]
Operations
Gander Mountain offered sportswear, hunting, fishing, camping, and other related outdoor recreation equipment.[12] Gander Mountain was formerly traded on NASDAQ but was turned into a private company under the majority ownership of David Pratt and the Erickson family,[13] which own Holiday gas stations. David C. Pratt was elected chairman of the board in December 2006. Pratt was elected as a director of Gander Mountain in August 2005 and named vice chairman of the board in December 2005. Jay Tibbets served as chief executive officer.[14]
Locations
Gander Mountain's stores ranged in size from 50,000 to 120,000 square feet and offered an outdoor esthetic. Physically, and visually, the stores had wider shopping aisles, high-joist ceilings, brick and stone accents, log-wrapped columns, and other wilderness related decorations.[citation needed]
Gander Mountain online store officially opened in August 2008.[15]
Following the closure of all Gander Mountain stores, 69 stores in 22 states reopened under the Gander Outdoors name.[2]
Gun sales
Gander Mountain called itself the top seller of new and used firearms in the United States. Starting in 2010, it had opened six Gander Mountain Academy and Firearms Supercenters, originally called “gun world”, where it estimated that over 250,000 people had received training.[16]
Legal
This section needs additional citations for verification. (January 2023) |
Gander Mountain sold its mail order business to Cabela's in 1996 with a no-compete clause.[17] In 2007 it won a lawsuit brought by Cabela's to resume online sales. On December 6, 2007, the company announced it purchased boating and watersports catalog company Overton's for $70 million (~$99.1 million in 2023) from a private-equity firm. The purchase of Overton's, based in Greenville, North Carolina, helped Gander Mountain's transition back into direct marketing.
In December 2013, Gander Mountain brought suit against Cabela's claiming that the competitor was illegally using domain names related to its business. The lawsuit accused Cabela's of "violating federal and state statutes as well as common law." Additionally Gander Mountain claimed that Cabela's was in violation of the federal Anticybersquatting Consumer Protection Act, trademark infringement and trademark dilution.[4]
Bankruptcy
In March 2017, Gander Mountain voluntarily filed for Chapter 11 bankruptcy.[18] The retail chain decided to close 32 stores in 11 states.[citation needed] The company then began to seek a buyer;[18] however, there was initially limited interest from potential buyers.[citation needed] Store closures began in April; the affected stores held inventory liquidation sales.[18]
References
- ^ a b c "Gander Mountain SEC Form 10-K" (pdf). Retrieved 2009-12-27.[permanent dead link ]
- ^ a b c Jones, Charisse (March 13, 2017). "Gander Mountain latest sports retailer to fail". USA Today. Retrieved March 14, 2017.
- ^ "Gander Mountain responds to bankruptcy rumors". Star Tribune.
- ^ a b Orrick, Dave (14 December 2013). "Gander Mountain sues Cabela's over web addresses". TwinCities.com, Pioneer Press. Retrieved 16 December 2013.
- ^ "Gander Mountain is closing 32 stores: Is yours on the list?". USA Today. March 14, 2017. Retrieved March 14, 2017.
- ^ "GanderMountain.com". GanderMountain.com. Retrieved 5 May 2017.
- ^ "Camping World Announces Acquisition of Gander Mountain and Overton Assets". investor.campingworld.com.
- ^ "Camping World drives beyond the RV park with acquisition spree". Retail Dive. Retrieved 2023-09-05.
- ^ Ciesco • •, Tim (2018-05-11). "A Year After Bankruptcy, Store Closures, Gander Outdoors Makes Comeback in North Texas". NBC 5 Dallas-Fort Worth. Retrieved 2023-09-05.
- ^ Hembree, Mike (May 8, 2018). "NASCAR Truck Series to be renamed Gander Outdoors Truck Series in 2019". USA Today. Retrieved May 10, 2018.
- ^ "Camping World ending NASCAR Truck Series sponsorship after 2022". 28 July 2022.
- ^ Farrell, Perry A. "8 Gander Mountain stores replaced by Gander Outdoors in Michigan". Detroit Free Press. Retrieved 2023-10-31.
- ^ "#204 Holiday Cos". Forbes.
- ^ "Company Overview of Gander Mountain Company Inc". Bloomberg. Retrieved March 14, 2017.
- ^ Guernsey, Matthew (May 27, 2020). "Gander Mountain: A Retail Giant's Fall from the Top". University of Tennessee College of Law.
- ^ "Gander Mountain president said St. Paul-based chain took outdoors advocacy and training seriously". Star Tribune. October 1, 2016. Retrieved 2019-10-26.
- ^ "Sportsmen ponder Bass Pro Shops-Cabela's merger". Arkansas Online. 2016-10-16. Retrieved 2023-10-26.
- ^ a b c Palank, Jacqueline. "Gander Mountain Files for Chapter 11". WSJ. Retrieved 2023-09-05.
External links
- Companies based in Saint Paul, Minnesota
- Sporting goods retailers of the United States
- American companies disestablished in 2022
- Retail companies established in 1960
- Retail companies disestablished in 2022
- 1960 establishments in Wisconsin
- 2022 disestablishments in Wisconsin
- Defunct companies based in Minnesota
- Defunct retail companies of the United States
- Privately held companies based in Minnesota
- Firearm commerce
- Companies that filed for Chapter 11 bankruptcy in 1996
- Companies that filed for Chapter 11 bankruptcy in 2017