Camping World to reopen 57 Gander Mountain stores
Recreational vehicle services provider Camping World has announced plans to reopen 57 stores under Gander Mountain and Overton's brand in the US, which is lower than its original plan involving 70 or more stores.
In May, the company acquired certain assets of Gander Mountain Company and its Overton's boating business, in an auction conducted by the US Bankruptcy Court for the District of Minnesota, as a result of Gander‘s bankruptcy protection filing.
Under the terms of an asset purchase agreement with Gander Mountain, Camping World can retain any real estate leases or assign to other third parties.
After winning the bid for the assets, Camping World stated that it would operate 70 or more locations subject to, among other things, reaching acceptable lease terms with landlords.
Camping World chairman Marcus Lemonis said: "Our original goal was to initially open 70 or more stores, and while our initial list is now less than 70, we are not willing to open stores which we do not believe have a clear path to profitability.
"In addition to the locations identified above, we are currently pursuing other locations for expansion and expect to announce additional locations and markets in the near term with all of our Gander Outdoors, Overton's and Camping World offerings."
Camping World operates a network of RV-centric retail locations and provides a portfolio of services, protection plans, products and resources for the outdoor enthusiast.
Now known as Gander Outdoors, Gander Mountain is an outdoor products retailer offering hunting, camping, fishing and shooting sports goods.
Image: A photograph of Camping World's location in Belleville, Michigan. Photo: courtesy of PeRshGo via Wikipedia.