Gander Mtn – bankruptcy

  • crap
    Posts: 1
    #1693115

    I didn’t know till now they closed. I have rewards certificates and went online to place an order to find out about them closing. Of course you can not order online so I called only to be told that they are not honoring the rewards certificates! That’s crap!! Anyone know if there is anything else we can do so we can use them? I’m soo pissed right now1

    JoeMX1825
    MN
    Posts: 17667
    #1693116

    I didn’t know till now they closed. I have rewards certificates and went online to place an order to find out about them closing. Of course you can not order online so I called only to be told that they are not honoring the rewards certificates! That’s crap!! Anyone know if there is anything else we can do so we can use them? I’m soo pissed right now1

    I went yesterday to use up my reward tickets and they took them, but they did say the day before they were told they no longer could and then the next day decided they would a little while longer? so maybe go there again?

    I’ve read they said gift cards expire on the 18th…I would argue reward tickets are the samething…

    suzuki
    Woodbury, Mn
    Posts: 18592
    #1693118

    I like the sale in Woodbury. Mark up Raps 20% then give you a 25% discount. ooooooohhhh sneaky…. moon

    Kyhl
    Savage
    Posts: 749
    #1693121

    I didn’t know till now they closed. I have rewards certificates and went online to place an order to find out about them closing. Of course you can not order online so I called only to be told that they are not honoring the rewards certificates! That’s crap!! Anyone know if there is anything else we can do so we can use them? I’m soo pissed right now1

    Try one of the stores that is not closing, like Lakeville. You may need to wait until the pricing system is back under control of Camping World instead of the liquidator’s control. There was a comment of the pricing control in one of threads or news stories.
    The closing stores will stay under the liquidator’s pricing control since the liquidator now owns them. At this point, Gander owns nothing, so there is no Gander for you to be angry with. The remaining stores may be willing to accept the reward points as a gesture of goodwill to ongoing business.

    mplspug
    Palmetto, Florida
    Posts: 25026
    #1693153

    I may have stated it here already, but I wonder if the liquidator will pack up remaining merchandise and find another way to maximize their profit through another channel? Or will camping work be stuck with the products and have a real firehouse sale so they can reorganize the stores?

    Kyhl
    Savage
    Posts: 749
    #1693174

    That would surprise me. I would expect that Camping World purchased intellectual property (Overtons),and some stores and their inventory. The liquidator would buy the rest to liquidate the inventory.

    The cheapest way to liquidate is to let the consumer pay to carry it out of the store. They don’t want to pay someone to pack it up and ship it, insure it, risk loss, and unpack it. They will most likely use the existing pricing and inventory systems in St Paul to track inventory levels and set pricing weekly. Why not, the systems are in place already?

    Yesterday they should have been looking at the weekend sales results and current inventory. Make pricing decisions today, to implement tomorrow at the HQ and in stores by Thursday or Friday, depending on how nimble Gander Mtn’s systems are.

    The liquidation company will probably be paying Gander (Camping World) for the use of their systems and personnel through the liquidation process.

    Note, I have no affiliation with any of this and am guessing from past experience in a retail liquidation.

    pool2fool
    Inactive
    St. Paul, MN
    Posts: 1709
    #1693186

    The cheapest way to liquidate is to let the consumer pay to carry it out of the store.

    Could someone please send that memo to the liquidators? They don’t seem convinced. Either that or they think Minnesotans don’t have the internet and won’t know they’re overpaying.

    mplspug
    Palmetto, Florida
    Posts: 25026
    #1693224

    Thanks Kyle, that makes sense. As I was writing it, it didn’t make sense financially, but I didn’t understand why they would be low balling off the bat.

    The real people to blame are the people actually going in and buying now. But I also understand it sort of amounts to a game of chicken or a reverse auction. If you wait, you might miss what you are eyeballing.

    Kyhl
    Savage
    Posts: 749
    #1693288

    Could someone please send that memo to the liquidators? They don’t seem convinced. Either that or they think Minnesotans don’t have the internet and won’t know they’re overpaying.

    They specialize in liquidating and have it all worked out to maximize margin. As Pug pointed out, they will make their money on the early shoppers and will hold prices up as long as they can to make as much money as possible. They only make money on the early shoppers. Later on they are losing money on the sale, so they have to make their margin early. Once they break even pricing can become a game of maximizing profits between moving things as fast as possible to reduce expenses versus getting the most margin on an item but with higher expenses (mainly personnel and rent).
    Low moving items will get discounted early to entice buyers, and to create a low price feel to the sale. High moving or high value items will probably stay at a low discount because they know people will want them and will pay for them.

    I have the shopping mentality of I believe that I have missed nothing that I didn’t already have. Meaning, if I missed buying something I really didn’t miss out on anything because I still have my money. It’s not a loss to me.
    I don’t understand people paying more by buying early in a sale when you know you can get it cheaper later.

    JoeMX1825
    MN
    Posts: 17667
    #1693289

    They also are forcing the hand of those with gift cards or ganderbucks to use by the May 18th deadline…I’m sure prices will lower on the 19th….

    sgt._rock
    Rochester, MN
    Posts: 2517
    #1693861

    Stopped at Rochester store 2 days ago and saw no deals. Some guns were higher priced now than they were 3 weeks ago.

    blank
    Posts: 1775
    #1693867

    They also are forcing the hand of those with gift cards or ganderbucks to use by the May 18th deadline…I’m sure prices will lower on the 19th….

    Ganderbucks, the Gander credit card rewards are NOT redeemable. However I noticed that the Overtones website is still up and functional (not sure how/why) so I put in an order, and applied the rewards code and it worked! So those of you who may have a Gander CC and have some rewards coupons, you’re not entirely SOL. You will just have to find some boating stuff from Overtons instead.

    jwellsy
    Posts: 1547
    #1693922

    The GM near me is closing. But, they still don’t seem to be in much hurry to sell stuff. Most things are 10% off and a few are 20%. Big deal, they’re even screwing up closing a business.

    munchy
    NULL
    Posts: 4926
    #1693979

    Just stopped in to Rochester. Only thing I’m seeing that is even close to a good deal are the Otter, Clam, and Frabill ice shelters. 30% off and they had at least a couple dozen different options all new in the box.

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