Hot Property: Katy Perry looks to sell one of her Beverly Hills homes. Eastern Mountain Sports regained its footing, but Sport Chalet didn’t, “due, in part, to unique competitive pressures.”. The Memphis-based retailer filed for Chapter 11 bankruptcy on Monday and said liquidation sales will take place at its stores over the next 60 days. There are lots of sites to choose from. The U.S. budget deficit more than tripled to a record $3.1 trillion in the latest fiscal year on the government’s massive spending in response to the pandemic. A bankruptcy judge in Delaware must still approve Meriden-based Eastern Outfitters’ plans to close 21 Bob’s Stores apparel shops of 35 it operates, as well as 27 of 51 Eastern Mountain Sports stores, with EMS having closed a store in Stamford late last year. Eastern Outfitters is closing additional Bob’s Stores in Enfield, Hamden, Manchester, Middletown and Waterford, with Bob’s Stores in Norwalk and Ansonia spared. Vestis representatives would say only that the company, which owns two other sporting-goods chains concentrated in the eastern U.S., was evaluating its options. Three Bob's Stores and one Eastern Mountain Sports store on Long Island will be closing down after the parent company of both stores declared bankruptcy, according to documents from the U.S. Bankruptcy Court in Delaware. In South Pasadena, a 116-year-old Tudor Revival-style mansion with a guesthouse and pool house is up for grabs at $6.995 million. Get our free business newsletter for insights and tips for getting by. It's still trying to get out of the pharmacy business. In court documents, Eastern Outfitters indicated it has been negotiating with landlords in search of better lease terms as it weighs which stores to keep open. Need exclusive stories only we can tell? The question is how many. Can Prop. Health news, science, advice and key articles. Eastern Outfitters is closing additional Bob’s Stores in Enfield, Hamden, Manchester, Middletown and Waterford, with Bob’s Stores in Norwalk and … Vestis, which is owned by Philadelphia-based Versa Capital Management, also operates Bob’s Stores on the East Coast. Sport Chalet has struggled financially for years, last reporting an annual profit in 2007. See more of our top stories on Facebook >>. A total of 35 stores are also expected to close across the UK. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. At the Sport Chalet in downtown Los Angeles, the signs in windows of the black-and-white facade told of the chain’s fate. Retailers in the age of Amazon: Adapt or die, Justin Bieber's footwear collaboration overwhelms site, How Athleta grew its athleisure business during the pandemic, Watch Kanye West threaten to end Adidas and Gap deals, How masks are reshaping the face of the retail economy, Dollar General's business is booming. Note to readers: if you purchase something through one of our affiliate links we may earn a commission. “We’re closing. Fred's, a 72-year-old discount chain, is closing all of its roughly 300 remaining stores and going out of business. The chain had as many as 557 stores earlier this year. L.A. County reports 953 new coronavirus cases. Sport Chalet had more than $52 million in debt when Vestis bought it for $17 million. Once Enfield closes, its next-nearest store will be in Simsbury, Connecticut. The Bob's Stores in South Attleboro, Saugus, Franklin, Seekonk and Framingham will close. © 2020 Advance Local Media LLC. Alex.Soule@scni.com; 203-964-2236; www.twitter.com/casoulman. ENFIELD — The Bob’s Stores, a longtime clothing retailer in the Enfield Commons on Hazard Avenue, will close its doors in May after more than 40 years. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. Sport Chalet started in 1959 when German immigrants Norbert and Irene Olberz bought a tiny La Cañada Flintridge ski shop, which they built into a publicly traded retailer with more than 50 locations. Twitter Share. Most stock quote data provided by BATS. I drove to Bobs furniture right after and the manager told me he will deal with this after tax free weekend in their store. Bob’s focused on clothing for young men and women with brands like Columbia, Dockers, Nike and Lee. “All Sales are Final No Returns.”, “This store is going to really be missed. About 110,000 Californians have purchased a firearm since the start of the COVID-19 pandemic, including about 47,000 first-time gun owners, a survey finds. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. In total the company will be shutting down 48 out of 86 stores in Delaware, Pennsylvania, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island and Vermont. I’m not a big fan of other sporting goods stores.”. Prop. Founded in Middeltown, Connecticut in 1954, Bob’s has 35 stores. Teacher unions and their supporters pushed back Thursday against increasing calls to reopen schools with the release of a statewide poll and an event at Dorsey High. The chain targets moderate-income customers with a selection of footwear, workwear, teamwear, and activewear. It later expanded its footprint across the United States with the idea of becoming a value-focused retailer and drug store. Senate To Vote On Two Stimulus Measures Next Week, Uncle Guiseppe's Hiring Event 10/20 & 10/23, Whitmore Agency Partners With Hastava Insurance, Cash For Cars Long Island | Sell My Car | Junk My Car - 631-226-2277, Americans Less Willing To Take Coronavirus Vaccine: Gallup [POLL]. As a result, Pier 1 announced that once they are able to reopen stores that were closed due to the pandemic, they will begin going-out-of-business sales, liquidate all assets and permanently close all of their 540 stores nationwide. Landlord Paramount Reality Services revealed on its website that the property Bob’s now occupies will be redeveloped into an ULTA Beauty Supply and a HomeSense.
Types Of Refugees, Death Steps In The Dark, Minnesota Clay (1964), Derrick Rose Children, The White Negro Full Text, Jimmy Butler Season Stats, Where To Volunteer On Christmas Day 2019, 2019–20 La Liga Table,