The new owner of Gander Mountain says he hopes to keep at least 70 of the 162 stores open, and Onalaska’s looks to be one of them.
The Onalaska Gander Mountain store’s liquidation sale is what’s going on at all stores, said CNBC’s “The Profit” Marcus Lemonis, the chain’s new owner. He said on his Twitter feed that that Gander Mountain locations are having clearance sales because his purchase did not include inventory.
Camping World Holdings Inc. announced last week it and a group of liquidators won a bankruptcy auction for the St. Paul-based Gander Mountain Co. and its Overton’s boating business. Gander Mountain declared bankruptcy in March.
The Onalaska store was spared earlier this year when Gander announced it was closing 32 “under-performing” locations around the country, including a store in Eau Claire.
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The 57,120-square-foot Onalaska Gander Mountain store, which opened in 2011, was built at a former Onalaska Walmart store site and replaced a 33,000-square-foot Gander Mountain that opened in 1995 along Hwy. 16 in Onalaska.
“So Gander Mountain filed bankruptcy as you know, and about 10 days ago I bought all of the assets, all of the intellectual property, all of the trademarks, all of the leases and the Overton’s business. Except for the fact that I did not buy, intentionally, the inventory that’s in the stores,” Lemonis told IndyStar on Sunday morning. “A liquidator bought the inventory that’s in the stores and they have the right to sell that inventory down and out as if it’s going away. But the confusing message is whether a store is staying open or not.
“And ultimately we control the leases ... every single property. And my intention is to keep at least 70 open.”
A tweet by Lemonis on Saturday afternoon said Onalaska will make the cut.