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Report: Another sporting goods retailer eyeing Chapter 11
The sporting goods industry could be facing another major retail bankruptcy filing.
Vestis Retail Group, parent company of Eastern Mountain Sports, Sport Chalet and Bob’s Stores is preparing to file for Chapter 11 protection, according to Bloomberg.
Vestis Retail Group, which is owned by private equity firm Versa Capital Management LLC, could file as soon as next week, the report said.
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Bob’s testing the waters in Maine
New York-based retailer Bob’s Stores has had stores all over the Northeast for more than a half-century, but now the company has finally set its sights on Maine shoppers.
The retailer will hold a grand opening for its first location in the state of Maine, in South Portland, at 301 Maine Mall Road, on March 22.
Bob’s last opened a store in October 2011 in East Northport, N.Y.
