Future Unclear for Gander Mountain Location in Algonquin

ALGONQUIN, IL - While liquidation sales are underway at the Gander Mountain in Algonquin, it's unclear if the business may still stay or if it is definitely set to close its location along Randall Road. Marcus Lemonis, Camping World Chairman and CEO, recently took over as CEO of Gander Mountain and announced on his Twitter account Monday he has plans to keep 70 or more Gander Mountain stores open. As of Monday evening, Algonquin was not included on that list but more announcements were planned for Tuesday, Lemonis said.

Signs are up at the Gander Mountain at 1400 S. Randall Road in Algonquin announcing liquidation sales at that store, and all 126 locations across the U.S. had planned to go out of business prior to Lemonis' announcement. On Monday evening, Lemonis' list of stores that would remain open included only three Gander Mountain stores in Illinois: Marion, Peoria and Springfield.

• Gander Mountain in Algonquin Will Close
  

Camping World, a Lincolnshire-based company acquired Gander Mountain Company and boating business Overton Inc. in a bankruptcy auction on April 27 and 28, according to a news release.

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Camping World plans to operate Gander Mountain stores "that it believes have a clear path to profitability," according to a news release. Gander Mountain stores in Geneva and in Joliet also did not make the initial cut to continue operations, according to Lemonis most recent announcement regarding stores that would remain open.

Last update for the day @GanderMtn stores to continue operations. More to come tomorrow pic.twitter.com/SuS6SyOWv3
— Marcus Lemonis (@marcuslemonis) May" class="redactor-linkify-object">https://twitter.com/marcuslemo... 8, 2017

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Liquidation sales are underway at all 126 Gander Mountain locations nationwide, including the store at 1400 S. Randall Road in Algonquin. Gift cards will be accepted through May 18. The 52,000-square-foot store in Algonquin opened in 2014.

Patch will update with more information as it becomes available

Photo via GoogleMaps