Gander Mountain filed for Chapter 11 bankruptcy last March and about two weeks ago Camping World bought the assets in bankruptcy liquidation for a reported $390 million. After 57 years and 126 stores in 26 states, only about 70 stores will remain open. Camping World acquired all of the Gander Mountain assets and its catalog water sports company Overton’s; but it did not buy any of the stores’ inventories. So, all of the merchandise in all of the stores will be totally liquidated – starting now.
On its website Gander Mountain said gift cards for the stores will expire on May 18. The total liquidation sale will include firearms, ammunition, camping, and boating gear. All sales will be final. There will be no refunds, no exchanges and no adjustments for prior purchases. Bankruptcy filings list Gander Mountain's assets and liabilities between $500 million and $1 billion.