Camping World to Reopen 57 Gander Stores

Back on May 1, Camping World Holdings announced a planned acquisition of certain assets of Gander Mountain Company and its Overton’s boating business. The move followed Camping World’s successful bid for certain assets of Gander Mountain and Overton’s in a bankruptcy auction April 27 and 28.

The transaction was approved May 4 by the United States Bankruptcy Court for the District of Minnesota.

Then, on May 5, CWI, an indirect wholly-owned subsidiary of Camping World, entered into an asset purchase agreement with Gander Mountain to designate any real estate leases for assignment to Camping World or other third parties.

Following Camping World’s successful bid in the bankruptcy process, Marcus Lemonis, chairman of Camping World Holdings, stated his intention of operating stores with a clear path to profitability and Camping World’s then current goal to operate seventy or more locations subject to, among other things, the ability to negotiate acceptable lease terms with landlords.

“Our original goal was to initially open seventy or more stores, and while our initial list is now less than 70, we are not willing to open stores which we do not believe have a clear path to profitability,” said Lemonis.

Assuming details can be worked out with landlords and final acceptable leases agreed to, the following locations are expected to reopen under the new Gander Outdoors and Overton’s brand, with a fresh offering of Gander Outdoors, Overton’s and Camping World products and services:

 Lake Mary, Fla.

 Ocala, Fla.

 Valdosta, Ga.

 Newnan, Ga.

 Davenport, Iowa

 O’ Fallon, Ill.

 Indianapolis (Castleton), Ind.

 Ft Wayne, Ind.

 Paducah, Ky.

 Flint, Mich.

 Traverse City, Mich.

 Kalamazoo, Mich.

 Saginaw, Mich.

 Utica, Mich.

 Marquette, Mich.

 Port Huron, Mich.

 Grand Rapids, Mich.

 Hermantown (Duluth), Minn.

 Forest Lake, Minn.

 Lakeville, Minn.

 Baxter, Minn.

 Bemidji, Minn.

 Hattiesburg, Miss.

 Chesterfield, Mo.

 Fenton, Mo.

 Winston-Salem, N.C.

 Fayetteville, N.C.

 Greensboro, N.C.

 Mooresville, N.C.

 Cicero (Syracuse), N.Y.

 Watertown, N.Y.

 Kingston, N.Y.

 Tonawanda, N.Y.

 Plattsburg, N.Y.

 Canton, Ohio

 Niles, Ohio

 Williamsport, Pa.

 Greensburg, Pa.

 York, Pa.

 Chambersburg, Pa.

 N. Charleston, S.C.

 Jackson, Tenn.

 Spring, Texas

 Tyler, Texas

 Amarillo, Texas

 Ft Worth, Texas

 Lewisville, Texas

 Roanoke, Va.

 Fredericksburg, Va.

 Waukesha, Wis.

 Rothschild (Wausau), Wis.

 Onalaska, Wis.

 Kenosha, Wis.

 DeForest (Madison), Wis.

 Baraboo, Wis.

 Sheboygan, Wis.

 Janesville, Wis.

“In addition to the locations identified above, we are currently pursuing other locations for expansion and expect to announce additional locations and markets in the near term with all of our Gander Outdoors, Overton’s and Camping World offerings,” said Lemonis.