COLUMBUS, GA (WTVM) - Reports that outdoor retailer, Gander Mountain, is closing all 126 of its locations is "not correct" according to the company's CEO.
Marcus Lemonis took to twitter yesterday to refute the claim.
Gander Mountain declared bankruptcy in March.
Four stores in Alabama are closing as part of the bankruptcy proceedings:
In Georgia, closing stores include:
Lemonis says, "The company failed because it made some giant inventory mistakes."
On May 5, the company posted a message on its website saying it was hosting liquidation sales now that "all 126 locations nationwide" were going out of business.
However, Lemonis writes on his twitter that inventory is, in fact, getting liquidated, but the CEO is shooting to keep at least 70 Gander Mountain stores open and that new inventory will come.
Lemonis further cleared up the confusion of all the company's stores closing with a Periscope livestream.
Lemonis says he will continue to post on his Twitter individual updates of what stores will be closing or staying open.