Gander Mountain To Begin Liquidations On 32 Locations
Tiger Capital Group and Great American Group have been chosen to assist Gander Mountain in the closure of 32 under-performing locations across the United States.
The St. Paul, Minn.-based retailer, which filed for Chapter 11 bankruptcy protection on March 10 in the U.S. Bankruptcy Court for the District of Minnesota, received court approval to launch the liquidation sales while pursuing a going-concern sale of its remaining assets. The company has 160 stores in total.
The liquidation sales in the 32 closing locations begin on Thursday, March 23, with inventories valued at approximately $100 million.
“For outdoor enthusiasts, these 32 store-closing sales represent an extraordinary opportunity to find an amazing array of brand-name merchandise at significant discounts,” said Michael McGrail, COO of Tiger Capital Group. “Outdoor sportsmen and women will not want to miss these historic sales.”
“Gander Mountain is well-known for carrying today’s most sought-after brands,” said Scott Carpenter, President of GA’s Retail Solutions division. “Many of these brands are rarely, if ever, discounted, so shoppers will want to come in early to take advantage of these sales while selection lasts.”
Brands offered during the liquidation sales include Under Armour, Yeti, The North Face, Coleman, GoPro, Shimano, Columbia, Guide Series, GSX, Carhartt, Merrell, Keen, New Balance, Reebok and Rocky, to name a few. Categories include shooting sports, hunting, fishing, camping, marine, apparel, footwear and outdoor lifestyle.
Furniture, fixtures and equipment will also be on sale as part of the liquidation event.
Stores are continuing to honor Gander Mountain gift cards. The liquidation sales will end when all merchandise has been sold. For a full listing of Gander Mountain stores slated for closure, click here.