Published: Sun, March 12, 2017
Business | By Sandy Mccarthy

The Buzz: Gander Mountain remains open

The Buzz: Gander Mountain remains open

The release also said that the company is in "active discussions with a number of parties" that are interested in the sale.

Chain retail store Gander Mountain plans to close both of its Central Texas stores as it seeks bankruptcy protection.

The Gander Mountain store in Champaign - photographed on Friday March 10, 2017. However, company spokesperson Jess Myers confirmed Friday the Amarillo store plans to stay open for the foreseeable future.

Gander Mountain said it's hoping to close on a "going-concern" sale of its business by May 15.

Rumors of the company's incoming bankruptcy declaration began sifting in one month ago, though the company initially declined to address them.

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According to the Twin Cities Pioneer Press, Alabama locations that will close include stores in Gadsden, Mobile, Montgomery, and Tuscaloosa.

Like MC Sports and other struggling retailers, Gander Mountain said it has struggled in the face of increased online shopping and direct-to-consumer sales.

A 61,000-square-foot Gander Mountain store opened in O'Fallon in May 2015, becoming the company's first store in the metro-east.

The company expects to conduct business as usual during the process. Employee pay will continue to arrive on time and in full, employee benefits will remain in place, retirement accounts are intact and protected.

Gander Mountain operates four stores in southwestern Pennsylvania - in Johnstown, Washington, Monroeville and Greensburg.

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