Derek Siddons , who moved up from store manager to president at Gander Mountain before being replaced in November by Jay Tibbets , told the Pioneer Press last fall that he attributed much of his success to Pratt, who had been his mentor for five years.
Gander said it would shut down 32 underperforming retail stores among its more than locations and put the rest of the business up for auction in late April. Gander hired Houlihan Lokey in late January to provide investment banking and financial advice, as well as help solicit purchase offers for the business.
In fiscal ended Jan. Gander Mountain officials also centralized purchasing, streamlined distribution and cut jobs at its corporate headquarters in two workforce reductions, in December and Camping World Holdings Inc.
Hunting and shooting merchandise represented about Bank Equipment Finance, a division of Minneapolis-based U. Bank unit to finance the purchase of furniture, fixtures and equipment for new or remodeled stores. Central Bank of St. Louis is an assignee of U. Bank on three schedules in the loan agreement, with collateral in 13 retail stores in Virginia, Georgia, Alabama, Florida, Texas, Arkansas and North Carolina, and a distribution center in Indiana.
Scottrade Equipment Finance, a division of St. Louis-based Scottrade Bank, also is an assignee of U. Other U. Representatives of U. This new line of top-quality merchandise includes fly rods and reels; a complete line of fly fishing clothing and waders; limited edition custom rifles; big game and upland hunting apparel; leather and canvas luggage; and wall tents and camping equipment.
This new line has been compared to the fabled King Ranch collection and the Dick Idol collection, but with a truly western flare. Whether it is fly rods, big game clothing or travel luggage, nothing on the market today comes close to the quality of Three Forks merchandise.
Since , the Gander Mountain brand has offered an expanding assortment of competitively priced outdoor equipment, technical apparel and footwear, as well as gunsmith, archery, ATV and marine services. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. Dow Jones. By Chris Dorsey. To Read the Full Story. Subscribe Sign In.
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