Skateboard lifestyle retailer Industrial Ride Shop filed for Chapter 11 bankruptcy reorganization, listing Vans, Volcom, Stance, Adidas and Nike among its largest unsecured creditors owed money.
The retailer with 15 locations in Oregon, Nevada, Utah, Arizona, New Mexico, and Texas also owed money on most of its real estate leases plus operating loans to Bank of America.
The largest unsecured creditors (listed below) are owed a nearly combined $2 million, and court documents say Industrial Ride Shop has between 50-99 creditors owed up to $10 million.
- Bank of America – $430,000
- Van’s Inc. – $288,660
- Bank of America – $130,000
- Volcom – $98,607
- Stance – $77,759
- Herschel Supply Co. – $75,307
- Adidas America Inc. – $71,155
- Westday Associates Limited – $63,574.43
- Nike USA Inc. – $62,581
- Clackamas Town Center – $57,455
- Arrowhead Towne Center LLC – $57,451
- HUF – $54,732
- GGP Meadows Mall LLC – $49,658
- Obey Clothing – $47,170
- Brixton BYO – $46,748
- RVCA – $41,229
- Circa Sugi International USA – $38,409
- Westcor Santan Village LLC 11411 – $36,849
- Ranch Center Associates Ltd Partnership – $36,448
- Scottsdale Fashion Square LLC – $35,587
- TWC Chandler LLC – $34,223
- DC Shoes – $30,894
- East Mesa Mall LLC – $22,197
- DVM Co. – $6,918