US-based outdoors retailer Gander Mountain has plans to close 32 of its 162 stores across the country.
One third of these outlets are located in Texas, reported Statesman.com.
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Last Friday, the retailer filed for Chapter 11 in the US Bankruptcy Court for the District of Minnesota.
In a statement, the company said: "Today's (Friday) action is the result of an in-depth review of the company's strategic options undertaken in recent months to preserve the value of the company and position it for long-term.
"Like many retailers, Gander Mountain experienced challenging traffic patterns and shifts in consumer demand, resulting from increased direct-to customer sales by key vendors and accelerated growth of e-commerce.
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"Despite aggressive actions to improve the efficiency of the company's retail operations and support functions, the underlying financial impact from under-performing stores and unproductive, excess inventory hampered efforts to create a sustainable path forward."
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By GlobalDataThe under-performing stores will close over the next few weeks, reported Upnorthlive.com.
Set up in 1960, Gander Mountain is a retailer of hunting and camping supplies. It had gone public twice besides filing for reorganisations.
