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Difficult retail environment slows Gander progress
02 Sep '09
3 min read
"A difficult retail environment slowed Gander Mountain's progress during the second quarter, as overall sales declined slightly," said David C. Pratt, chairman and interim chief executive officer. "Positive comparable store sales in our core categories and continued gains in initial margin were offset by costs associated with exiting PowerSports as well as increased marketing efforts. We continue to apply a more disciplined approach to our operations, capital, and expense decisions. While we expect the retail environment to be challenging in the second half of the year, our ongoing efforts to improve operating margins, manage costs and reduce debt will continue into the second half of the year."
Gander Mountain Company
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