ST. PAUL, Minn., May 21 /PRNewswire-FirstCall/ — Gander Mountain Company (NASDAQ:GMTN) , today announced nine stores to open in the fall of 2007. These stores will complete the company’s plan to open 13 new stores in 2007, bringing the Gander Mountain network to 115.
The new stores, scheduled to open in September and October, will be located in the following markets:
Bowling Green, Kentucky
The Waukesha, Wisconsin, and Rochester, Minnesota, locations will replace existing Gander Mountain stores. The remaining seven stores are new locations. Of the nine stores to be opened this fall, three are renovations of existing buildings, while six are new construction for Gander Mountain. All will have outside selling areas for boats, ATVs, and other large items. Each will include an in-store gunsmith, a full-service archery shop with shooting lanes, a bait shop, ATV and marine service, and a Gander Lodge meeting space available to local organizations free of charge.
“We are excited to increase our network to a total of 115 stores, still the largest, by a wide margin, of any outdoor retailer specializing in hunting, fishing, boating and camping,” said Mark Baker, Gander Mountain president and CEO. “We’re entering Mississippi for the first time in Hattiesburg. We look forward to developing the same close relationship with outdoor enthusiasts in Mississippi as we have in all the new southern markets we’ve entered,” added Baker. “We’re also building a new store in Waukesha, Wisconsin, the state where the Gander Mountain brand began back in 1960. It’s great to move into new territories, but equally satisfying to continue to bring great outdoor experiences to our long-standing customers throughout the country.”
About Gander Mountain Company
Gander Mountain Company (NASDAQ:GMTN) , headquartered in Saint Paul, Minnesota, is the nation’s largest retail network of stores for hunting, fishing, boating, camping, marine and outdoor lifestyle products and services. Since 1960, the Gander Mountain brand has offered an expanding assortment of competitively priced outdoor equipment, technical apparel and footwear, as well as gunsmith, archery, boat, ATV and marine services. The stores feature national, regional and local brands as well as the company’s owned brands. Focused on a “We Live Outdoors(R)” culture, Gander Mountain dedicates itself to creating outdoor memories. There are currently 106 conveniently located Gander Mountain outdoor lifestyle stores in 22 states. For the nearest store location call 800-282-5993 or visit http://www.gandermountain.com/.
Cautionary Note Regarding Forward-Looking Statements Any statements in this release that are not historical or current facts are forward-looking statements. All forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. Certain of these risks and uncertainties are described in the “Risks and Factors Affecting Current and Future Results” section of the company’s Annual Report on Form 10-K for fiscal 2006 and other required reports, as filed with the SEC, which are available at http://www.gandermountain.com/ and at the SEC’s website at http://www.sec.gov/.
First Call Analyst:
Source: Gander Mountain Company