Popular Outdoor to File Chapter 11…

Over the holiday period, Popular Outdoor Outfitters, a regional chain of outdoor stores based in Ariz., closed its Scottsdale, Tempe, Phoenix and West Valley stores. The chain has been in business since 1952, and just before 9/11 was doing business through 23 locations. That number is now down to eight.

Popular’s management said that they are now down to a store count that is manageable, and the company will not be closing any more doors.

“That part of reorganization is done,” General Manager Jim Scott told a local paper. “Were at the store count we want to be at, and weve reorganized our staff for eight stores. We know what we can afford.”

The company has a few more challenges ahead. A group of creditors consisting of Deckers Outdoor, VF Corp., and Terramar Sports has filed an involuntary Chapter 7 Bankruptcy claim against Popular in an effort to collect past due bills. As a result of the petition, Popular has announced that it will be filing Chapter 11 Bankruptcy, “as soon as possible.”

Court documents obtained by BOSS state that Popular Outdoor owed Deckers $63,855, VF Corp. $59,641, and Terramar $8,973 for a total debt of $132,469.

About The Author

Teresa Hartford

Teresa Hartford Editorial & Creative Director | SGB Media teresa@sgbonline.com | 704.651.5741

Popular Outdoor to File Chapter 11…

Over the holiday period, Popular Outdoor Outfitters, a regional chain of outdoor stores based in Ariz., closed its Scottsdale, Tempe, Phoenix and West Valley stores. The chain has been in business since 1952, and just before 9/11 was doing business through 23 locations. That number is now down to eight.

Popular’s management said that they are now down to a store count that is manageable, and the company will not be closing any more doors. “That part of reorganization is done,” General Manager Jim Scott told a local paper. “Were at the store count we want to be at, and weve reorganized our staff for eight stores. We know what we can afford.”

The company has a few more challenges ahead. A group of creditors consisting of Deckers Outdoor, VF Corp., and Terramar Sports has filed an involuntary Chapter 7 Bankruptcy claim against Popular in an effort to collect past due bills. As a result of the petition, Popular has announced that it will be filing Chapter 11 Bankruptcy, “as soon as possible.”

In court documents obtained by BOSS, it was stated that Popular Outdoor owed Deckers $63,855, VF Corp. $59,641, and Terramar $8,973 for a total debt of $132,469.

About The Author

Teresa Hartford

Teresa Hartford Editorial & Creative Director | SGB Media teresa@sgbonline.com | 704.651.5741

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