Another U.S. outdoor retailer goes bust as Gander Mountain issues statement
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As another outdoor sports retailing chain announced plans to close in North America, a major supplier of fishing and hunting gear has been forced to deny rumours that it is facing bankruptcy.
Gander Mountain has refuted claims that it is set to join the spate of company closures that has beset the industry over the last six months. The latest to go is Michigan-based MC Sports, a supplier of outdoor gear through its 68 outlets in Illinois, Michigan, Missouri, Ohio and Wisconsin.
In a statement Gander Mountain said: “As a privately held company, it is our longstanding policy not to comment on our business affairs. Unfortunately, recent speculative news articles have caused concern among some of our customers and trade partners and require us to make a rare exception. Gander Mountain is the nation’s largest outdoor retail network with 162 specialty stores across 26 states. We are a fully integrated Omni-Channel retailer dedicated to servicing the fishing, hunting, camping and outdoor products markets.
“Like most retailers, we are subject to normal economic cycles, changes in our industry and shifts in consumer demand that require us to adapt our business accordingly. It has been that way since 1960 when we started out as a catalogue company in small-town Wisconsin and it remains the case today. It is this constant adaptation and desire to offer our customers the best selection, best value and best service that has been our hallmark for generations.
“Gander Mountain and its ownership group have undertaken a best practices approach to review our strategic options specific to positioning the company for long-term success. When we engage in such a review we often seek information and advice from external advisors to inform our decisions. To assist in this process, we have retained independent advisors and we are confident the outcome of the review will identify the right go-forward strategy.
“In the meantime, our Gander Mountain stores and gandermountain.com remain the place to go for all our customers’ outdoor adventure needs.”