Reality Star Buys Gander Mountain, Expects To Close Many Stores
If you've watched CNBC's show 'The Profit,' you already know this guy. His name is Marcus Lemonis, and he's just purchased the struggling Gander Mountain company, along with it's Overton's boating company. While no formal plans have been made, he said they will only keep profitable stores open. That could mean that half ot the Gander Mountain locations could close.
Gomn.com repots the sale was for 37.8 million dollars. It comes after the company filed for bankruptcy and already went through a round of store closures.
This makes one wonder if the Duluth store has remained profitable enough to make the cut. There are only 9 stores left in MN, and the Duluth store has faced steep competition in recent years with Dick's Sporting Goods opening, and now Fleet Farm just across the road.
We will have to wait and see. Would you miss Gander Mountain if it closed?