Sport Chalet parent Vestis Retail Group files for Chapter 11 – Los Angeles Times

Sport Chalet’s parent company, Vestis Retail Group, said Monday that it has filed for Chapter 11 bankruptcy protection.

The news comes two days after Sport Chalet initiated store-closing sales at its 47 locations and stopped all online sales operations.

Connecticut-based Vestis also owns outdoor clothing and gear chain Eastern Mountain Sports and East Coast family apparel and shoe retailer Bob’s Stores.

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In a statement, Vestis said it made “significant progress” in stabilizing Eastern Mountain Sports and Sport Chalet since it acquired the businesses in 2012 and 2014, respectively. It said overall performance improved at all three brands. 

“As a result, EMS and Bob’s are now delivering solid performance but have been burdened by limited financial flexibility due, in part, to the unique competitive pressures facing Sport Chalet,” Vestis Chief Executive Mark Walsh said in a statement. “After reviewing a variety of strategic alternatives, we determined that the best path forward is to separate the businesses and confront the challenges that have been hindering our overall progress. “