Gander Mountain included its Waco store in the list of 32 under-performing locations it would shutter when it announced in March it would file for Chapter 11 bankruptcy protection.
Unfortunately, it remains among the stores destined for closing, though the Minnesota-based retailer of outdoors supplies has seen a flood of changes since May 1.
First, it decided to liquidate merchandise at all 162 locations, and then in a bankruptcy auction sold leases to Marcus Lemonis, who turns around failing businesses as star of the reality TV program “Profit” on CNBC. He also serves as CEO of an outdoors chain called Camping World, thus his interest in Gander Mountain.
In recent days Lemonis has been identifying Gander World locations in each state that will escape closing. Those in Texas receiving a reprieve include Tyler, Spring, Amarillo, College Station and Fort Worth, according to information Lemonis provided online.
He also went public with plans to change the name of the surviving stores to Gander Outdoors, and has offered a $25,000 prize to the person who comes up with a new logo he likes.
Lemonis said in deciding which stores to revive, he placed emphasis on “reasonable rent agreements and whether or not there was a clear path to profitability.”
He has said he continues to consider the viability of other locations, and may make more announcements in coming days.
1 million copies
The Magnolia Journal, a quarterly magazine started by “Fixer Upper” star Joanna Gaines, will print 1 million copies of its third issue, which now is hitting newsstands, according to a press release from media and marketing firm Meredith Corp.
About 700,000 issues will be mailed to subscribers paying $20 for a one-year subscription. The magazine is available for $7.99 at retailers including Wal-Mart, Target, Barnes & Noble and Whole Foods, as well as Magnolia Market at the Silos in Waco.
The initial run for the first issue included 400,000 copies, and 750,000 copies were printed for the second issue, according to the press release.
The magazine has attracted the interest of advertisers including Chevy, Samsung, Pier 1 Imports, Go RVing and Pure Leaf. Citizen Watch Company and Simpson Door Company are placing ads designed specifically for use in the magazine, according to the Meredith press release.
TSTC grant for Mars training
The Mars Chocolate North America plant in Waco will receive a $92,203 skills development grant from the Texas Workforce Commission to provide training for 98 of its more than 450 employees, Texas State Technical College has announced.
TSTC-Waco will provide more than 2,700 hours of customized industrial training on campus with the grant from the state.
Waco’s Mars plant makes Snickers, Skittles and Starburst products.
‘Best State for Business’
Chief Executive magazine has chosen Texas as the “Best State for Business” for the 13th straight year.
Chief Executive lauded the state for shipping more than $232 billion in goods in 2016 and serving as home to the second largest airport system in the country, as well as 11 deep-water ports and 10,425 miles of freight rail, which is more than that in any other state, according to a press release from Gov. Greg Abbott noting the honor.
“Companies in Texas, around the country and across the world are relocating and expanding in the Lone Star State at a rapid clip due to our business friendly policies,” Abbott wrote.
Rounding out the top five states for doing business were Florida, North Carolina, South Carolina and Indiana.
Several building permits of note were recently issued by local municipalities, including:
- 7608 Woodway Drive, renovation of warehouse into two restaurants, valued at $350,000, Mitchell Construction.
- 100 Ritchie Road, convenience store, gas station and Which Wich sandwich shop, valued at $750,000.
- 901 S. Eighth St., new bank building for TFNB Your Bank for Life, value not provided, Pearson Construction.
- 601 Jewell Drive, alterations to Magnolia Homes warehouse, valued at $150,000.
- 708 Franklin Ave., finish out space for retail, Waco Running Co., project of developer Shane Turner, value not provided.