Why Are So Many Sporting Goods Stores Going Bankrupt?

Nicholas Eckhart/Edwin Ruskin Nordrike Parker

196. That’s the number of sporting goods stores that are set to close after two retail companies filed for bankruptcy in recent weeks. While the failures of Vestis Retail Group — the operator of retailers Eastern Mountain Sports, Sport Chalet, and Bob’s — and Sports Authority were accelerated by mountains of debt both incurred in recent years, there’s more at work when it comes to the apparent demise of sporting goods retailers.  [More]

Edwin Ruskin Nordrike Parker

Another Sporting Goods Company Files For Bankruptcy; All Sport Chalet Stores Closing

With the dust just beginning to settle surrounding the bankruptcy and 140-store closure of sporting goods retailer Sports Authority, another, albeit smaller, outdoor gear retailer is following suit. Vestis Retail Group, the operator of brand Eastern Mountain Sports, Bob’s Stores, and Sport Chalet, officially filed bankruptcy papers today, outlining a restructuring plan that focuses on closing 56 stores.  [More]

Mike Mozart

Report: Parent Company Of Eastern Mountain Sports Also Headed For Bankruptcy

We can draw only one conclusion from the bankruptcies of Sports Authority and the parent company of Eastern Mountain Sports, Bob’s Stores, and Sport Chalet: Apparently, Americans have stopped going outside. Or maybe there’s some kind of larger business issue with the sporting-goods business sector. Probably the second thing. [More]

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