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Article: GANDER MOUNTAIN, INC. ANNOUNCES IT ANTICIPATES A NET LOSS FOR FISCAL 1995; CONSIDERING NON-RECURRING CHARGE
- Article from:
- PR Newswire
- Article date:
- March 10, 1995
CopyrightCOPYRIGHT 1995 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WILMOT, Wis., March 10 /PRNewswire/ -- Gander Mountain, Inc. (Nasdaq: GNDR) announced today that it anticipates posting a net loss for its fiscal year ending July 1, 1995, reflecting poor performance of its Spring catalogs. The company said it is also considering a nonrecurring charge.
"The disappointing catalog results are due mainly to poor in-stock condition of the January Sale catalog and very soft sales from the Spring General catalog," said Joseph C. Lawler, president and chief executive officer. "Contributing to the poor catalog results were aggressive competitors' pricing, a reduced assortment of certain key categories and the general softness in the ...