Gander Mountain Company (GMTN)

Gander Mountain Company (GMTN), headquartered in Minneapolis, Minnesota, is a specialty retailer that offers its outdoor lifestyle customers a broad range of hunting, fishing, and camping equipment and related accessories. The company's merchandise was originally offered to customers via a catalog operation, from 1960 until 1996, when the initial retail stores opened. Approximately 80% of sales are of national and regional branded outdoor equipment. Roughly two-thirds of its sales come during the second half of the year. The company has adopted a series of strategic and operating initiatives aimed at improving its merchandise offerings and enhancing profitability, while aggressively opening stores. It is in the process of transforming its market position, by opening new, larger-format stores, and by increasing the selling space within its existing stores. The company currently operates 115 stores in 23 states. The company's initial public offering was closed on April 26, 2004. At that time, the preferred stock was converted to common stock.

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