Monday, March 23, 2009

Boater's World - Toast

Boating and fishing retailer Boater’s World has begun a chainwide going-out-of-business sale at its 129 locations, including one in Portland.
Boater’s World was founded in 1987 by Ritz Camera, which filed for bankruptcy reorganization last month, partly blaming a drop in business at Boater’s World.
Boater’s World has stores in 27 states.
The retailer says prices have been cut by up to 30 percent on more than $100 million worth of inventory. The chain is also hoping to sell store fixtures and equipment.
The going-out-of-business sale is being managed by Hilco Merchant Resources and Gordon Brothers Group.
The liquidation will not impact Ritz Camera’s retail business, which the company says continues to operate under Chapter 11 reorganization.

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