Business & Tech
Gander Mountain in Algonquin Did Not 'Make the Cut'
Liquidation sales remain underway at the store at 1400 S. Randall Road.
ALGONQUIN, IL - It appears the Gander Mountain in Algonquin is officially set to close. Marcus Lemonis, Camping World Chairman and CEO, recently took over as CEO of Gander Mountain and announced on his Twitter account Monday he planned to keep 70 or more Gander Mountain stores open. On Wednesday, he said the Algonquin store at 1400 S. Randall Road will not be among the locations selected to stay.
Update @GanderMtn #algonquinIL will NOT make the cut. Jobs will be avail https://t.co/xyG28C8Qco https://t.co/lQWTgMBFUs
— Marcus Lemonis (@marcuslemonis) May 10, 2017
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.
Lemonis has continued to provide updates via his Twitter account.
Find out what's happening in Algonquin-Lake In The Hillsfor free with the latest updates from Patch.
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.
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.
Find out what's happening in Algonquin-Lake In The Hillsfor free with the latest updates from Patch.
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
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