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Retailer West Marine closes 59 stores amid Chapter 11 proceedings

Retailer could eventually shutter 95 stores out of the company’s 236

Johnnie Martinez II

West Marine‘s Chapter 11 bankruptcy could result in as many as 95 shuttered locations, with 59 closures identified to date.  The boating-products retailer’s liquidation adviser modeled store-closing sales using assumptions that included 95 stores, approximately $70 million of inventory and a liquidation period through Sept. 27, according to court filings. Fort Lauderdale, Fla.-based West Marine filed for Chapter […]

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