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West Marine plans to close 59 stores after bankruptcy filing: See full list of locations

The restructuring is backed by most lenders and shareholders as the boating retailer seeks a more sustainable financial position.

  • On Monday, June 15, 2026, Florida-based retailer West Marine filed for Chapter 11 bankruptcy and announced plans to close 59 stores across 23 states as part of a financial restructuring.
  • West Marine cited significant debt from 200 leases requiring $55 million in annual payments, alongside "supply chain disruptions, extreme weather events, and shifts in consumer behavior" pressuring the boating sector.
  • The closures shutter more than 25% of the retailer's locations, leaving fewer than 150 stores nationwide once the restructuring concludes, though the company continues meeting employee pay and benefits obligations.
  • Hilco Merchant Resources will oversee liquidation sales at closing locations, while CEO Paulee Day stated the restructuring is "business as usual" for remaining stores and the online platform.
  • Founded in a Palo Alto garage in 1975, West Marine grew into a marine retail giant and now seeks a more sustainable capital structure through bankruptcy to secure its long-term future.
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Outdoor retailer closing nearly 60 stores amid bankruptcy

Boating and fishing supply retailer West Marine is planning to close 59 stores around the country as it works through bankruptcy proceedings.

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Dothan Eagle broke the news on Monday, June 15, 2026.
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