West Marine has added 32 stores to its list of locations that will close as part of its bankruptcy proceedings, bringing the total number of store closures to 91. 

West Marine filed for bankruptcy in May 2026 and initially announced plans to close 59 of its roughly 200 locations. With 91 stores now set for closure, the closures will represent about 45 percent of the company’s store base. 

West Marine said in an updated message on its website, “We recently made the difficult decision to close select store locations. While this change wasn’t easy, our commitment to you hasn’t changed one bit — West Marine is open, stocked and ready to help with everything you need to get back on the water.” 

Hillco Merchant Resources, a liquidation firm, has been retained to oversee the store closings.  

Florida accounts for the largest concentration on the full list of new closures, according to West Marine’s directory, with 18 locations, including stores in Deerfield Beach, Cutler Bay, Miami, Pinecrest, Delray Beach, Punta Gorda, Melbourne, Jensen Beach, Spring Hill and a second in Orlando. Washington, California and Michigan each have seven stores on the new closure list. Other additional closures include stores in: 

  • Sacramento and Santa Barbara, CA 
  • Branford and Norwalk, CT 
  • Rehoboth Beach, DE 
  • Mandeville, LA 
  • Danvers, MA 
  • Northeast, MD 
  • Holland, MI 
  • Minnetonka, MN 
  • Lodi, NJ
  • Buffalo, Huntington Harbor and Riverhead, NY 
  • Toledo, OH 
  • Portland, OR 
  • Columbia, SC 
  • Lewisville, TX 
  • Alexandria, VA 
  • Burlington, VT 
  • Bellevue and Olympia, WA 

The boating and fishing retailer now plans to move forward with its pre-arranged reorganization plan after, in early July, cancelling an auction for the sale of its assets in bankruptcy court due to a lack of qualified bids. The plan calls for an exchange of debt for equity. 

Under the pre-petition reorganization plan filed in Delaware’s bankruptcy court, lenders will convert roughly $251.2 million in term loan claims into 100 percent of the new equity interests in the reorganized company. The Restructuring Support Agreement (RSA) was backed by 100 percent of its FILO (First In, Last Out) lenders and 96.2 percent of its term loan lenders.  

Under the current reorganization plan, general unsecured creditors face a “death-trap” provision that will result in little to no financial recovery. The total amount owed to these unsecured creditors, which includes key vendors like Garmin International ($8.57 million), Virtual Supply ($5.8 million) and Sierra International ($4.7 million), ranges between $99.3 million and $109.2 million. 

The complete Top 30 Unsecured Creditors list can be found here.  

West Marine, based in Fort Lauderdale, FL, confirmed that vendors and suppliers will be paid in full for all goods and services provided after the May 17, 2026, bankruptcy filing date. Only the debts incurred before filing are subject to losses.  

Due to the debt exchange, existing equity held by former owners L Catterton and Oaktree will be wiped out as ownership of the restructured company is transferred to lenders. The Combined Confirmation Hearing is scheduled for August 11.  

Image courtesy West Marine