Eastern Mountain Sports owner (Vestis Group) filing for bankruptcy


Original Post
Jim Lawyer · · Unknown Hometown · Joined Feb 2006 · Points: 3,304
http://fortune.com/2016/04/18/eastern-mountain-bankruptcy/

According to this article, EMS seems to be suffering in part due to the portfolio losses of its parent, Vestis Group, specifically Sport Chalet. EMS is also feeling the pinch from REI and online retailers and is closing 8 stores:

"The Eastern Mountain stores closing are as follows: Christiana, Del.; Dulles, Va.; Foxborough, Mass.; Moorestown, N.J.; North Brunswick, N.J.; University of Pennsylvania in Philadelphia; Warwick, R.I.; and West Hartford, Conn."

Other related reports:
https://gearjunkie.com/eastern-mountain-sports-bankruptcy
http://www.bloomberg.com/news/articles/2016-04-05/eastern-mountain-sports-said-to-be-headed-for-bankruptcy-court
FrankPS · · Atascadero, CA · Joined Nov 2009 · Points: 275

http://www.mountainproject.com/v/sports-chalet-going-out-of-business-/111820841

Guideline #1: Don't be a jerk.

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