Gander Mountain, the St. Paul, Minnesota based outdoor retailer, is reportedly preparing to file for bankruptcy.
There have been no official details confirmed as company spokesman, Jess Myers, said the company has taken a “vow of silence.”
This is yet another hit on outdoor/sporting goods retailers, as we’ve now seen Sports Authority declare for bankruptcy and close 300 stores last year, and not to mention Cabela’s being acquired by Bass Pro Shops; although that deal is reaching its own snags and may be falling apart as well.
Even though Gander Mountain has taken its “vow of silence,” there is plenty to go on that suggests hard times are afoot for the outdoor retailer. If you take a look at their website, a plethora of sales and markdowns on all regular-priced items will tell you all you need to know.