Gander Mountain in Myrtle Beach to go out of business - WMBFNews.com, Myrtle Beach/Florence SC, Weather

Gander Mountain in Myrtle Beach to go out of business

Gander Mountain announced in March it filed for Chapter 11 bankruptcy and would close 32 stores. The Myrtle Beach location was not on that list, but has since put up signage announcing it will go out of business. (Source: WMBF News) Gander Mountain announced in March it filed for Chapter 11 bankruptcy and would close 32 stores. The Myrtle Beach location was not on that list, but has since put up signage announcing it will go out of business. (Source: WMBF News)

MYRTLE BEACH, SC (WMBF) – Gander Mountain announced in March it filed for Chapter 11 bankruptcy and would close 32 stores. The Myrtle Beach location was not on that list. Saturday, the company announced it would close all 126 locations after 57 years in operation.

The Myrtle Beach location put up signage Thursday indicating it will close.

According to a news release on the company’s website, Gander Mountain filed bankruptcy in order to sell the business after an “in-depth review of the company's strategic options undertaken in recent months to preserve the value of the company and position it for long-term success.”

“Despite aggressive actions to improve the efficiency of the company's retail operations and support functions, the underlying financial impact from underperforming stores and unproductive, excess inventory hampered efforts to create a sustainable path forward,” the release stated.

The Myrtle Beach store is located at 1049 Glenforest Road.

RELATED STORY: 

Copyright 2017 WMBF News. All rights reserved.

  • Local NewsLocalMore>>

  • Florence County Sheriff's Office investigating shooting in Olanta

    Florence County Sheriff's Office investigating shooting in Olanta

    Saturday, August 19 2017 9:55 PM EDT2017-08-20 01:55:50 GMT
    Source: Raycom MediaSource: Raycom Media

    The Florence County Sheriff’s Office is investigating a shooting on Jones Road in Olanta Saturday night, according to Major Michael Nunn with FCSO. The investigation is ongoing, but Nunn says it may be accidental.  

    More >>

    The Florence County Sheriff’s Office is investigating a shooting on Jones Road in Olanta Saturday night, according to Major Michael Nunn with FCSO. The investigation is ongoing, but Nunn says it may be accidental.  

    More >>
  • Surfside Beach council votes to keep town administrator after special meeting

    Surfside Beach council votes to keep town administrator after special meeting

    Saturday, August 19 2017 9:28 PM EDT2017-08-20 01:28:33 GMT
    Source: Erin EdwardsSource: Erin Edwards

     The Surfside Beach town administrator will keep their job, after a special town council meeting, held this morning. Four of the seven council members organized the meeting on Friday to discuss if Town Administrator Micki Fellner should be dismissed from her job for what some say is violating duties. 

    More >>

     The Surfside Beach town administrator will keep their job, after a special town council meeting, held this morning. Four of the seven council members organized the meeting on Friday to discuss if Town Administrator Micki Fellner should be dismissed from her job for what some say is violating duties. 

    More >>
  • Dillon County Sheriff's Office on scene of fatal shooting

    Dillon County Sheriff's Office on scene of fatal shooting

    Saturday, August 19 2017 7:01 PM EDT2017-08-19 23:01:12 GMT
    Source: Raycom MediaSource: Raycom Media

    The Dillon County Sheriff’s Office is on scene of a fatal shooting on Germantown Place, according to Captain Cliff Arnette. Details are limited at this point in the investigation, but Arnette confirms one fatality. The shooting happened Saturday afternoon, and the investigation is ongoing. 

    More >>

    The Dillon County Sheriff’s Office is on scene of a fatal shooting on Germantown Place, according to Captain Cliff Arnette. Details are limited at this point in the investigation, but Arnette confirms one fatality. The shooting happened Saturday afternoon, and the investigation is ongoing. 

    More >>
Powered by Frankly