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Gander Mountain

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.

Gander Mountain
The last Gander Mountain logo (2003-2017)
FormerlyGander Mountain, Inc. (1960–2017)
Gander Outdoors, Inc. (2017–2020)
Gander RV (2020-2022)
Company typeSubsidiary
IndustryRetail
Founded1960; 64 years ago (1960), in Wilmot, Wisconsin
Defunct2022 (2022)
FateConverted into Camping World
SuccessorCamping World
HeadquartersSaint Paul, Minnesota
Number of locations
162 (March 2017)
Key people
Marcus Lemonis, CEO
ProductsApparel, Equipment, & Accessories for: Hunting, Fishing, Camping, Outdoor Recreation
RevenueUS$ 1.32 billion (2016) US$ 1.065 billion (2008) [1]
US$ −15.5 million (2008)[1]
Total assetsUS$ 613.1 million (2008)
Total equityUS$ 179.9 million (2008)
Number of employees
5,606 (2,325 full-time) (January 2009)[1]
ParentCamping World (2017–2022)
Website at the Wayback Machine (archived March 3, 2010)
Gander Outdoors logo (2017-2020)
Gander RV logo (2020-2022)

History edit

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,[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 edit

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 edit

 
Gander Mountain store in Appleton, Wisconsin, using 1980's–2004 era logo.
 
Map of Gander Mountain stores.

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 edit

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 edit

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 edit

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 edit

  1. ^ a b c "Gander Mountain SEC Form 10-K" (pdf). Retrieved 2009-12-27.[permanent dead link]
  2. ^ a b c Jones, Charisse (March 13, 2017). "Gander Mountain latest sports retailer to fail". USA Today. Retrieved March 14, 2017.
  3. ^ "Gander Mountain responds to bankruptcy rumors". Star Tribune.
  4. ^ a b Orrick, Dave (14 December 2013). "Gander Mountain sues Cabela's over web addresses". TwinCities.com, Pioneer Press. Retrieved 16 December 2013.
  5. ^ "Gander Mountain is closing 32 stores: Is yours on the list?". USA Today. March 14, 2017. Retrieved March 14, 2017.
  6. ^ "GanderMountain.com". GanderMountain.com. Retrieved 5 May 2017.
  7. ^ "Camping World Announces Acquisition of Gander Mountain and Overton Assets". investor.campingworld.com.
  8. ^ "Camping World drives beyond the RV park with acquisition spree". Retail Dive. Retrieved 2023-09-05.
  9. ^ 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.
  10. ^ Hembree, Mike (May 8, 2018). "NASCAR Truck Series to be renamed Gander Outdoors Truck Series in 2019". USA Today. Retrieved May 10, 2018.
  11. ^ "Camping World ending NASCAR Truck Series sponsorship after 2022". 28 July 2022.
  12. ^ Farrell, Perry A. "8 Gander Mountain stores replaced by Gander Outdoors in Michigan". Detroit Free Press. Retrieved 2023-10-31.
  13. ^ "#204 Holiday Cos". Forbes.
  14. ^ "Company Overview of Gander Mountain Company Inc". Bloomberg. Retrieved March 14, 2017.
  15. ^ Guernsey, Matthew (May 27, 2020). "Gander Mountain: A Retail Giant's Fall from the Top". University of Tennessee College of Law.
  16. ^ "Gander Mountain president said St. Paul-based chain took outdoors advocacy and training seriously". Star Tribune. October 1, 2016. Retrieved 2019-10-26.
  17. ^ "Sportsmen ponder Bass Pro Shops-Cabela's merger". Arkansas Online. 2016-10-16. Retrieved 2023-10-26.
  18. ^ a b c Palank, Jacqueline. "Gander Mountain Files for Chapter 11". WSJ. Retrieved 2023-09-05.

External links edit

  • Official website
  • Overton's

gander, mountain, later, known, gander, outdoors, gander, headquartered, paul, minnesota, retail, network, stores, hunting, fishing, camping, other, outdoor, recreation, products, services, last, logo, 2003, 2017, formerly, 1960, 2017, gander, outdoors, 2017, . 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 Gander MountainThe last Gander Mountain logo 2003 2017 FormerlyGander Mountain Inc 1960 2017 Gander Outdoors Inc 2017 2020 Gander RV 2020 2022 Company typeSubsidiaryIndustryRetailFounded1960 64 years ago 1960 in Wilmot WisconsinDefunct2022 2022 FateConverted into Camping WorldSuccessorCamping WorldHeadquartersSaint Paul MinnesotaNumber of locations162 March 2017 Key peopleMarcus Lemonis CEOProductsApparel Equipment amp Accessories for Hunting Fishing Camping Outdoor RecreationRevenueUS 1 32 billion 2016 US 1 065 billion 2008 1 Net incomeUS 15 5 million 2008 1 Total assetsUS 613 1 million 2008 Total equityUS 179 9 million 2008 Number of employees5 606 2 325 full time January 2009 1 ParentCamping World 2017 2022 WebsiteArchived official website at the Wayback Machine archived March 3 2010 Gander Outdoors logo 2017 2020 Gander RV logo 2020 2022 Contents 1 History 2 Operations 3 Locations 4 Gun sales 5 Legal 5 1 Bankruptcy 6 References 7 External linksHistory editGander 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 editGander 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 edit nbsp Gander Mountain store in Appleton Wisconsin using 1980 s 2004 era logo nbsp Map of Gander Mountain stores 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 editGander 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 editThis section needs additional citations for verification Please help improve this article by adding citations to reliable sources in this section Unsourced material may be challenged and removed Find sources Gander Mountain news newspapers books scholar JSTOR January 2023 Learn how and when to remove this message 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 edit 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 edit 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 editOfficial website Overton s Retrieved from https en wikipedia org w index php title Gander Mountain amp oldid 1223285767, wikipedia, wiki, book, books, library,

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