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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.