Gander Mountain's Tyler location set to remain open

Published on Monday, 8 May 2017 19:41 - Written by STEVE KNIGHT,

Gander Mountain stores in Tyler and other cities across the country are not for certain closing yet.

It was announced last week that Gander Mountain and its Overton’s recreational boating business were sold out of bankruptcy to Camping World Holdings Inc. and a group of liquidators.

Camping World reportedly paid $390 million for the name, online operation and store leases, but not the inventory. At the time it said it planned to shutter about 160 underperforming stores and retain 17.

That was followed later in the week by a report that all stores would be closed, and a going-out-of-business sale was announced for all locations nationwide.

However, Camping World CEO Marcus Lemonis told CNBC over the weekend he hoped to keep open at least 70 stores, and maybe more.

"About 10 days ago I bought all of the assets, all of the intellectual property, all of the trademarks, all of the leases. A liquidator bought the inventory that's in the stores and they have the right to sell that inventory down,” he said in an interview. "Ultimately we control the leases, every single property. And my intention is to keep at least 70 open."

Lemonis indicated in a May 6 tweet that the Tyler store would not be closing.