Gander Mountain filed for bankruptcy Friday and said it expects to attract a buyer as the company lowers its operating costs as part of its restructuring.

The company expects to close 10 of its 22 stores in Texas. In all the St. Paul, Minn.-based chain of 162 stores in 26 states is closing 32 stores over the next several weeks.

It expects to find a buyer soon and has secured financing to get it through a quick sale process it outlined.

Gander Mountain said it is in active discussions with a number of parties interested in a going-concern sale and expects to solicit bids prior to an auction to be held in late April. The company expects to submit the winning bid to the bankruptcy court in Minnesota for approval in early May and expects to complete the sale by May 15.

Here's a list of store closings:

Texas (10) - Houston, Killeen, Laredo, Lubbock, Round Rock, San Antonio, Sugar Land, Texarkana, Waco, West Houston

Alabama (4) - Gadsden, Mobile, Montgomery, Tuscaloosa

Georgia (3) - Augusta, McDonough, Snellville

Illinois (3) - Champaign, Algonquin, Springfield

Indiana (2) - Merrillville, Greenfield

Minnesota (3) - Rogers, Mankato, Woodbury

New York (1) - New Hartford

North Carolina (2) - Raleigh, South Charlotte

Tennessee (1) - Chattanooga

West Virginia (1) - Charleston

Wisconsin (2) - Eau Claire, Germantown

The company said it reviewed all its strategic options in recent months and decided to preserve the value of the company and position it for long-term success it needed to restructure in bankruptcy.

"Like many retailers, Gander Mountain experienced challenging traffic patterns and shifts in consumer demand resulting from increased direct-to-customer sales by key vendors and accelerated growth of e-commerce," the company said in a press release. "Despite aggressive actions to improve the efficiency of the company's retail operations and support functions, the underlying financial impact from underperforming stores and unproductive, excess inventory hampered efforts to create a sustainable path forward."

Twitter: @MariaHalkias