West Marine Files for Chapter 11 Bankruptcy and Closes 91 Stores
West Marine, the largest U.S. boating retailer, has filed for Chapter 11 bankruptcy protection and announced plans to close a total of 91 stores as part of its restructuring efforts. The closures include an additional 32 locations following previously announced store shutdowns. The company cited supply chain disruptions, extreme weather events, and shifting consumer behavior as key factors contributing to the financial difficulties. The recreational boating market has faced challenges due to reduced discretionary spending by consumers, particularly those earning less than $100,000 annually who often purchase smaller boats. Despite a recent slight increase in consumer spending intentions reported by Deloitte, these figures remain below pre-pandemic levels. In 2025, new boat retail unit sales dropped 8.8% year-over-year according to the National Marine Manufacturers Association (NMMA). West Marine aims to use Chapter 11 bankruptcy proceedings to strengthen its balance sheet and reduce debt. The closures are spread across multiple states including California, Florida, Georgia, Illinois, Louisiana, Massachusetts, Alabama, Connecticut, Delaware, and others. The company remains committed to serving customers at remaining locations.
Topics: boating industry Chapter 11 consumer spending store closures