Gander Mountain's Bankruptcy Continues to Shoot Down Sporting Goods Industry
The bankruptcy of one of the biggest sporting goods chains was bound to have an impact on the industry, but the repercussions from Gander Mountain's collapse continue to be felt and Cabela's (NYSE: CAB) second quarter earnings report hint that the ripples are still fanning out.
After struggling for months to stay afloat, Gander Mountain filed for bankruptcy protection in March, saying it wanted to sell the business and close a number of stores. Recreational vehicle dealer Camping World Holdings (NYSE: CWH) ultimately won Gander Mountain's assets at auction, which further fueled the problems Cabela's is experiencing.
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Source: Fool.com
Dick's Sporting Goods Inc Stock
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