Last year, Vestis Retail –– parent company of Sport Chalet, Eastern Mountain Sports, and Bob’s Stores –– filed for bankruptcy and shed the Sport Chalet brand. Now the company formed…(Image via Consumerist and Mike Mozart)
Source: Owner Of Eastern Mountain Sports And Bob’s Stores Files For Bankruptcy Again – Consumerist
I’m sharing this because it is apparent that brick and mortar stores are failing at an alarming rate. Use the source link to click through and read. I need to research this a bit more, but smaller chains should be on high alert.
While online sneaker platforms are expanding and garnering million dollar investments, brick and mortar specifically sporting goods stores are shutting down. What exactly is the issue? I have an idea, but I’m working on a larger analysis.
Stay informed.
