Gander Mountain is closing two stores in Indiana, including one of its Indianapolis-area locations, as part of a bankruptcy restructuring plan that will close 32 stores overall.
Outdoor retailer Gander Mountain is closing two stores in Indiana as part of a bankruptcy restructuring plan, but the Greenwood location will remain open.
Gander Mountain sought Chapter 11 bankruptcy reorganization Friday. The company plans to close 32 of the 150-plus stores it has in 26 states.
The closing list does not include Indianapolis-area stores in Castleton, Avon and Greenwood, which was built in 2005 at County Line Road and Interstate 65 next to the Walmart.
The stores in Greenfield and Merrillville are slated to close. The retailer has other Indiana stores in Lafayette, Terre Haute, Fort Wayne and Evansville.
A company statement says the stores will begin closing in coming weeks, but it doesn’t give a date for the shutdowns.
The Minnesota-based company is blaming the closings on changing consumer patterns linked to online merchandising.
Gander Mountain got its start in 1960 as a catalog-based retailer of hunting and camping supplies. The retailer has gone through several acquisitions, gone public twice and filed for reorganization in the 1980s and the 1990s.