Gander Mtn. declares bankruptcy, announces liquidation sale

Gander Mountain is closing all its stores months after filing for bankruptcy.

The largest retail network of outdoor specialty stores has been in business for 57 years but will close its 126 locations, it said on its website.

The company said it will have total liquidation sale of its items, including firearms, ammunition, camping and boating gear.

Tampa has a location at 11655 W Hillsborough Ave.

The CEO of Camping World, Marcus Lemonis, took to social media Sunday to contradict Gander Mountain's report, however.

On Twitter, Lemonis said Camping World purchased the brand and assets of Gander Mountain, but it did not purchase the stores' inventory.

On a Twitter post, Lemonis said, he said about 70 Gander Mountain stores will stay open, though the inventory in all of the stores will be liquidated by the company that purchased the inventory.

On its website, Gander Mountain said gift cards for the store will last until May 18. All sales will be final. There will be no refunds, no exchanges or adjustments for prior purchases.

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

© 2017 CBS Interactive Inc. All Rights Reserved.


JOIN THE CONVERSATION

To find out more about Facebook commenting please read the
Conversation Guidelines and FAQs

Leave a Comment
TRENDING VIDEOS