Florida-based boating and marine supply retailer West Marine filed for Chapter 11 bankruptcy and is closing 59 stores across 23 states. The company cited recent supply chain disruptions, extreme weather, and a pullback in discretionary boat spending for its financial restructuring.
Affected Locations & Status
- Oregon: The West Marine location in Tigard (15230 S.W. Sequoia Parkway, Suite 190) is slated to close. The Portland location in the Jantzen Beach Center will remain open.
- Washington: The company is halving its footprint in the state, shuttering 5 of its 10 locations.
Broader Industry Trends
West Marine joins a wave of outdoor and discretionary retailers that have had to shrink their physical footprints in recent years. While Chapter 11 allows retailers to balance budgets and renegotiate existing real estate leases, several other outdoor and equestrian mainstays have also been forced to restructure, relocate, or close entirely.
If you were planning a trip or a boating repair, let me know:
- Your specific location
- What marine supplies you are looking for
I can help locate alternatives or online retailers for your boating needs.
