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Gander Mountain files Chapter 11, joins others

The latest national retailer filing for Chapter 11 bankruptcy protection is Gander Mountain, which will close 32 of its 162 stores, including two underperforming stores in Wisconsin, although none thus far in the Greater Madison area.

USA Today and msn.com report that sports retailers have been hit hard, from MC Sports to Sports Authority, with retailers like Golfsmith and now Gander Mountain the latest to shutter store locations. Gander Mountain is actively seeking a buyer. Each Gander Mountain store employs between 20 and 30 workers, according to media reports.

Many retailers are struggling as consumers shop more and more online. Eau Claire will lose its Gander Mountain as well as a Macy’s, as Macy’s announced a while back that it, too, would be closing retail locations. And while Kohl’s appears comparatively strong, some analysts suggest it, too, needs to close more stores to remain competitive.

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Mar 14, 2017 03:14 pm
 Posted by  Anonymous

It is interesting because I would not have thought the Eau Claire region would be hit as much by online shopping as say Madison due to lower grade internet access in the surrounding areas. It suggests that lower population areas with part of the area (ie UW eau Claire) with good internet access are probably more vulnerable to large retail store closures

Mar 14, 2017 03:57 pm
 Posted by  Anonymous

@Anonymous
Eau Claire Gander Mountain is a fairly new store and was competing against Scheels, which always is packed. Surrounding communities like Menomonie have Fleet Farm and Dunham's and Chippewa Falls has Farm and Fleet. Internet connections are irrelevant - shopping online can be conducted with a speed slow as .5Mbps and I believe greater Eau Claire ranks with Dane county in that the cities are covered, but outside of city limits are not.

Mar 14, 2017 03:57 pm
 Posted by  Anonymous

Gander Mountain, a store that thrived on the sale of hunting goods, decided to greatly reduce the hunting goods in their stores (blatantly evident by their new decor style, or lack of). What did they expect would happen?

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