We’re hearing from sources that Gander Mountain, the outdoor, hunting and fishing retailer, has reeled in buyer attraction that could help keep most of their doors open after the company straightens out its debt.
According to Twin Cities Pioneer Press, Sportsman’s Warehouse Holding Inc. is prepared to bid for as many as 80 percent of Gander Mountain’s stores.
Midvale, Utah-based Sportsman’s Warehouse has almost 80 stores in 22 states, mostly in the western U.S., with some in the mid-Atlantic region. Gander Mountain’s locations, more than 160 in 27 states, are concentrated in the East. Sportsman’s Warehouse has about $200 million in debt and its revenue has been rising in recent years, according to data compiled by Bloomberg.
Gander Mountain filed for bankruptcy on March 10. As of today, there’s been no official word yet of a buyer coming forward to save the outdoor retailer.