The once-quiet British firm is suddenly making big noise on the American retail scene.
Oh, to be a sporting goods retailer in these turbulent times.
Eastern Outfitters is the parent company of Eastern Mountain Sports and Bob’s Stores.
Vestis will exit the Sport Chalet business altogether and plans to sell EMS and Bob’s to funds advised by Versa Capital Management LLC.
The California-based chain shut down its e-commerce site Friday & started the process of closing its 50 or so stores.
Vestis said it is exploring strategies to strengthen its business after reports that the firm would file for bankruptcy circulated on Wednesday.