Bad news from the retailer Gander Mountain was recently announced. They’ve filed for chapter 11 bankruptcy and are planning on closing 32 stores. Lots of retailers especially in the outdoors and sporting goods segments have gone under recently. Lots of their market share and customers have been taken by ecommerce stores, especially Amazon.
It’s a shame, I buy a lot of ammo from Gander Mountain. They seem to be running a lot of promos lately too, probably to try and turn the ship around. They’ll be closing 32 of their 162 stores in the coming days. This should be a warning to other brick and mortar retailers out there that it’s time to change or fail. People want better customer service, pricing and they want to shop online.
