EMS Filing for Bankruptcy. Again.

[thetrailboss]

This will be the third major financial problem in about 15 years. I used to swear by them. The last time I went to one (under the UK company) it was worse than a dirty dollar store. Hope it works out.

West Lebanon EMS store remains open, as company goes through bankruptcy

WEST LEBANON — The Eastern Mountain Sports in Powerhouse Mall is, at present, not on the list of stores slated to close following the parent company’s Chapter 11 bankruptcy filing last week.Eastern Mountain Sports and Bob’s Stores, which are owned by...

www.vnews.com

 

[thetrailboss]

And their website has been down for the last few days. Very odd.

EMS

EMS

ems.com

 

[BodeMiller1]

Store in Concord, NH closed a couple of months ago. Aren't they out of Keene?

 

[thetrailboss]

More specific information on EMS:

Eastern Mountain Sports’ Future in Question as Bob’s Stores Slated to Close

The Bob’s Stores chain and some EMS stores are liquidating and closing this summer after they jointly declared bankruptcy in June.

thedaily.outdoorretailer.com

 

[thetrailboss]

The CEO’s Petition with interesting financial information. Biweekly payroll was over $770,000.00.

https://document.epiq11.com/document/getdocumentbycode?docId=4345868&projectCode=MTQ&source=DM

 

[thetrailboss]

And the 20 largest unsecured creditors include:

The company’s creditors with the 20 largest unsecured claims were listed in the filing, and included:

• Yell Steel Enterprise Inc., which is owed $472,335.
• Smartwool Corp., which is owed $455,290.88.
• Oboz Footwear, which is owed $432,147.30.
• Marmot Mountain International, which is owed $353,647.76.

Amer Sports, Black Diamond, Google, Cotopaxi and more were also named as creditors.

 

[thetrailboss]

And if you’re curious, these appear to be the stores that WILL remain open:

According to documents filed in bankruptcy court, after closing some of their stores EMS plans to keep stores open in:
-Danbury, CT
-Hadley, MA
-Burlington, VT
-Lake Placid, NY
-Peterborough, NH
-Portland, ME
-Burlington, MA
-Bridgewater, NJ
-West Lebanon, NH
-Ithaca, NY
-Saratoga Springs, NY
-Portsmouth, NH
-Warrington, PA
-Canton, MA

MULTI-TOWN SCOOP: All Bob's Stores to liquidate, EMS to remain!

Bob's Stores Footwear & Apparel will be closing all their stores. The retailer plans to close all of their remaining stores as part of their bankruptcy. Corporate confirmed the planned closure of...

www.theconnecticutscoop.com

 

[thetrailboss]

UK’s Mountain Warehouse buys EMS. It will further decrease the number of stores.

Updated: Mountain Warehouse Approved to Buy Eastern Mountain Sports Stores - Outdoor Retailer's The Daily

Retailer Mountain Warehouse was approved to buy seven Eastern Mountain Sports stores after no one had a higher offer than its $5 million stalking horse bid.

thedaily.outdoorretailer.com

Eastern Mountain Sports Saved By British Outdoor Retail Chain

EMS purchased by financially successful British outdoor retailer.

unofficialnetworks.com