West Marine Closing Reno Location After Bankruptcy Filing

West Marine closing Reno location after bankruptcy filing

Boating and outdoor retail giant West Marine is closing 59 stores as part of a restructuring effort after filing for Chapter 11 bankruptcy in May.

Largest Marine Supplier in U.S. Files For Bankruptcy, Closing 59 Stores In 23 States

West Marine, a long-established boat-supply chain across the country, is going into bankruptcy. The company’s financial problems will shutter dozens of stores nationwide including Portland and Southwest Harbor in Maine. In Massachusetts, store shutdowns include Marblehead and Vineyard Haven. The company noted several factors forcing it into bankruptcy, including supply chain disruptions, extreme weather events, [...] The post Largest Marine Supp…

Boating retailer West Marine files for bankruptcy, but will keep 200 stores operating

West Marine, a major U.S. boating supply retailer, has filed for Chapter 11 bankruptcy protection as part of a prearranged effort to restructure its debt while continuing operations.

West Marine to Shut 59 Stores Amid Bankruptcy; Execs Got Bonuses

West Marine is closing 59 stores in 23 states and paid $1.075 million in executive retention bonuses just 16 days before filing for Chapter 11 bankruptcy, as court filings reveal the retailer owes over $65 million to top vendors and liquidation sales are underway through September. The post West Marine to Shut 59 Stores Amid Bankruptcy; Execs Got Bonuses appeared first on TechStock².

Major Retail Store to Reportedly Close 59 Locations

West Marine, a major U.S. boating retail store, has filed for Chapter 11 bankruptcy and will reportedly close 59 stores. Court documents filed on June 1 identify the location of each store slated for closure, which are spread across 23 states, per Powerboat News. The company, based in Fort Lauderdale, Florida, has reached a restructuring agreement with its main financial stakeholders. This agreement, supported by over 96% of its term loan lender…