You have reached your limit of free articles this month.

Enjoy unlimited access to myStatesman.com

Starting at just 99¢ for 8 weeks.

GREAT REASONS TO SUBSCRIBE TODAY!

  • IN-DEPTH REPORTING
  • INTERACTIVE STORYTELLING
  • NEW TOPICS & COVERAGE
  • ePAPER
X

You have read of premium articles.

Get unlimited access to all of our breaking news, in-depth coverage and bonus content- exclusively for subscribers. Starting at just 99¢ for 8 weeks

X

Welcome to myStatesman.com

This subscriber-only site gives you exclusive access to breaking news, in-depth coverage, exclusive interactives and bonus content.

You can read free articles of your choice a month that are only available on myStatesman.com.

Gander Mountain declares bankruptcy, plans to close 32 stores to start


Outdoor specialty store chain Gander Mountain followed the lead of other sporting goods retailers in recent months and filed for Chapter 11 bankruptcy on Friday.

The Minnesota-based retailer, which specializes in hunting, fishing and camping equipment, said in a press release that it will close 32 “under-performing retail locations” out of its 162 stores over the next few weeks.

>> Read more trending news 

“Like many retailers, Gander Mountain experienced challenging traffic patterns and shifts in consumer demand from … (the) accelerated growth of e-commerce,” the company said.

Pro Bass Shops is buying Cabela’s, Eastern Outfitters filed for bankruptcy last week and Sports Authority declared bankruptcy last year and closed 300 stores, according to the Minneapolis Star Tribune.

Online stores like Amazon are driving brick and mortar retailers out of business as more and more Americans shop online.

Gander Mountain is the nation’s largest chain of outdoor specialty stores.


Reader Comments ...


Next Up in Business

Business Digest: Citigroup to pay $97.4 M in money laundering case

FINANCE Citigroup to pay $97.4 M to settle money laundering case For years, Citigroup employees feared that millions of dollars the bank was moving to Mexico might be suspicious. Yet in many cases, the bank did not alert regulators or step up its monitoring for money laundering, federal prosecutors said Monday. Even as the Citigroup unit Banamex USA...
2 more Blue Bell flavors return to stores this week
2 more Blue Bell flavors return to stores this week

Blue Bell’s slow return to normalcy continues following a nationwide recall prompted by listeria fears nearly two years ago, with the Brenham-based creamery rolling out two more flavors this week. Lime sherbet and orange sherbet are both once again available beginning Monday, the company said. Blue Bell has been gradually adding back...
Up the Ladder

Financial services Citizens Inc. has named Jeff Conklin chief accounting officer company. Health care St. David’s Medical Center has named Esther Chung chief operating officer and Lynn O’Neill chief nursing officer. Medical Elligo Health Research has named Rebecca Kush scientific innovation officer. Retail Whole Foods Market has named the...
Top Local Business Stories of the Week
Top Local Business Stories of the Week

HOME SALES Area home sales, home prices surge in April: Central Texas home sales rose just over 3 percent in April and the median price of those sales hit $305,000 — the second-highest level ever, according to new data from the Austin Board of Realtors. The median also set a record for an April. To date, the all-time high for the median home-sales...
America’s fiscal sword of Damocles

“Every man, woman and child lives under a nuclear sword of Damocles, hanging by the slenderest of threads, capable of being cut at any moment by accident or miscalculation or by madness.” President John F. Kennedy delivered those frightening words in front of the United Nations back in 1961. Not much has changed over the decades &mdash...
More Stories