Gander Mountain, which sells camping, fishing and hunting gear throughout the country, is getting ready to file for bankruptcy protection. The possible Chapter 11 bankruptcy filing comes as the retailer struggles to keep up with its debt. Any business in the state of Massachusetts that cannot overcome its debt challenges may find Chapter 11 bankruptcy protection to be beneficial long term.
The retailer, which is privately held, has opened about 60 new retail stores since 2012. It has more than 160 locations in 27 states. The store also operates a catalog business online along with an electronic commerce retail unit.