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Gander Mountain, the outdoor retailer based in St. Paul, is said to be preparing for bankruptcy, according to sources cited by the Reuters news agency. No specifics have been confirmed.

Gander Mountain Co., which sells hunting, camping, fishing and other outdoor-related gear from stores across the U.S., sought chapter 11 bankruptcy protection with the goal of finding a buyer.

When the St. Paul, Minn.-based Gander Mountain filed for bankruptcy in March, it said it would shut down 32 stores in 11 states over the next several weeks.

LAKEVILLE, Minn. – Gander Outdoors, the reborn version of defunct Gander Mountain, opened its first store in Lakeville near the Twin Cities on Wednesday, Dec. 14 - and it appears the Hermantown ...