Some of the re-branded Gander Outdoors stores will open come November, according to the company’s top executive.
This story by Christen Smith originally appeared on Guns.com.
Camping World CEO Marcus Lemonis – who bought out Gander Mountain’s intellectual property and store leases in an April bankruptcy auction – told investors last week he remains committed to “only open stores with a historical level of profitability.”
Gander Mountain filed for Chapter 11 bankruptcy protections in Minnesota court on March 10.
Less than a month after Lemonis bought out the company, he changed its name to Gander Outdoors and announced he would likely close half of the chain’s 162 locations as he attempts to fix years of “undisciplined inventory buying.”
Camping World reported record earnings last week, raking in $1.3 billion in the second quarter – a 20 percent increase over 2016.
Lemonis said a separate liquidation company bought all of Gander Mountain’s existing inventory on sale across the country.