A national outdoor gear retailer says it will close its Eau Claire location and more than 30 others across the country.
According to a list published by TwinCities.com, the Germantown location is one of two Wisconsin stores to close.
Bankruptcy rumors have been swirling around the Minnesota-based chain for the past several weeks. Bass Pro Shops could possibly bid to buy Gander Mountain in hopes of expanding.
Gander Mountain's Sheboygan store is located at County Road J and Gander Road.
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The company said, like other retailers, it has seen patterns shift from direct-to-customer sales to e-commerce. The Eau Claire location on Scully Dr.in Eau Claire is one of those stores.
"We're grateful for the continued support of our employees, our customers and our trade partners as we move forward with our restructuring", the company said in a news release. Its reorganization plan calls for the sale of the company. Gander Mountain is in active discussions with a number of parties interested in a going-concern sale and expects to solicit bids prior to an auction to be held in late April 2017.
"The company generally expects to conduct normal business operations". The release stated that employee pay will continue to arrive on time and in full, that employee benefits will remain in place and that retirement accounts are intact.
Gander Mountain operates four stores in southwestern Pennsylvania - in Johnstown, Washington, Monroeville and Greensburg.