Amid reports of the firearm chain retailer Gander Mountain going out of business, the CEO Marcus Lemonis announced via Periscope Sunday that not all stores will be closing.
“Today we control all 160 leases, but it is my estimation that we are going to possibly end up having around 70, maybe 75 stores,” Lemonis said in the Twitter video.
— Marcus Lemonis (@marcuslemonis) May 7, 2017
The firearms retailer is liquidating all inventory, which Lemonis said he does not control, but the surviving stores will be restocked.
The remarks are contradictory to what is on the store's website where visitors will see a large banner that reads, "After 57 years! All 126 locations nationwide: Going out of business. Total liquidation savings."
Gander Mountain was founded in Kenosha County as a catalog retailer.
The retailer had fallen on hard times as of late, and filed for Chapter 11 bankruptcy earlier this year, closing more than 30 stores across 11 states.
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