According to media reports, Camping World Holdings, best known for its retail stores focused on RV and camping gear, bid $38 million for Gander Mountain's assets and the deal requires Camping World to assume the leases on just 17 Gander Mountain stores. The fate of the rest of the chain’s 160 stores is unknown. A Wall Street Journal report quoted Camping World CEO Marcus Lemonis stating that at least half of the Gander Mountain stores will close. In a media release, Lemonis said “only those stores which are profitable or we believe to have a clear path to profitability” will survive the sale.