Sales of up to 60% off at all EMS stores
NORTHBROOK, Ill., Aug. 6, 2024
/PRNewswire/ -- Eastern Mountain Sports (EMS), a cornerstone of the
outdoor retail industry, announces that Mountain Warehouse, a
global leader in outdoor gear and apparel, has emerged as the
stalking horse bidder in its acquisition process. Mountain
Warehouse seeks to continue operating seven stores under the
Eastern Mountain Sports name. This highlights their commitment to
preserve EMS's storied legacy and continuing to serve the outdoor
community. The remaining EMS locations are set to close, and
inventory is available at incredible discounts at all
locations.
As part of the Chapter 11 restructuring petition filed on
June 18, 2024, to assist with a
smooth transition while maximizing the value of existing inventory,
Hilco Merchant Resources in a joint venture with Gordon Brothers will manage liquidation sales at
select EMS locations and inventory blowout events at other EMS
locations. These sale events will offer significantly reduced
prices on a wide range of outdoor gear from hiking and climbing to
biking and kayaking plus all the apparel needed for these
adventures. Customers are encouraged to shop now while selections
are best, with these low prices, merchandise is selling fast.
Sale Details
Discounts: up to 60% off regular retail
prices across all departments
Find a store near you: https://shopgenius.com/ems
Eastern Mountain Sports has long provided accessible outdoor
gear and unforgettable experiences. This pending partnership with
Mountain Warehouse, a company that shares these core values,
ensures that EMS's rich heritage will be honored and enhanced.
Therefore, Mountain Warehouse will retain the EMS name and
prioritize building and strengthening relationships with relevant
and highly recognized outdoor brands.
EMS locations will be optimized to enhance efficiency and
maintain a robust brick-and-mortar presence, so that customers can
continue to experience products firsthand and receive expert advice
from knowledgeable staff. One of the most significant benefits of
this prospective alliance is the ability to retain and support the
dedicated employees of EMS. Their expertise and passion are
invaluable assets that will contribute to the ongoing success of
EMS.
EMS will remain committed to engaging with local communities to
offer a diverse selection of products, including a variety of
third-party brands, creating a unique shopping experience tailored
to meet the needs of each community.
"This prospect with a company that shares our values and
commitment to the outdoor community marks an exciting opportunity
for Eastern Mountain Sports. EMS will continue to provide our
customers with the best outdoor gear and experience while
supporting our dedicated employees and local communities." —
Dave Barton, President of EMS
About Eastern Mountain Sports: Eastern Mountain
Sports is the premier outdoors retailer focused on inspiring
happiness by connecting people with nature and each other. Founded
in 1967, the company has over 50 years of heritage in providing
quality, affordable gear to nature enthusiasts of all ages, and a
rich history of supporting causes that protect and preserve the
outdoors. With over 20 locations throughout the Northeast and a
national ecommerce store, Eastern Mountain Sports is committed to
ensuring adventure is accessible to all. Eastern Mountain Sports is
a subsidiary of GoDigital Media Group, a multinational conglomerate
dedicated to inspiring happiness by connecting community, content,
and commerce across consumer passion points.
About Mountain Warehouse: Mountain Warehouse was
first established in 1997 by founder Mark
Neale and now operates over 350 stores across the globe,
serving over 4 million outdoor-loving customers a year. Mountain
Warehouse has been operating stores in the U.S. for over 10 years.
The outdoor retailer caters for an extensive range of outdoor
activities, including walking, running, cycling, camping and
skiing, with a wide range of equipment and clothing for the whole
family. Mountain Warehouse is focused on offering a growing
customer base the best gear and the best service at the best prices
and keeping them warm and dry whatever the weather.
www.mountainwarehouse.com
About Hilco Merchant Resources: Hilco
Merchant Resources (www.hilcomerchantresources.com) provides a
wide range of analytical, advisory, asset monetization, and capital
investment services to help define and execute a retailer's
strategic initiatives. Hilco Merchant Resources' activities
fall into several principal categories including acquisitions;
disposition of underperforming stores; retail company or division
wind downs; event sales to convert unwanted assets into working
capital; facilitation of mergers and acquisitions; interim company,
division or store management teams; and, the monetization of
furniture, fixtures and equipment. Hilco Merchant Resources
is part of Northbrook, Illinois
based Hilco Consumer-Retail.
(https://hilcoglobal.com/companies/hilco-consumer-retail/)
About Gordon Brothers: Since 1903,
Gordon Brothers
(www.gordonbrothers.com) has helped lenders, management teams,
advisors and investors move forward through change. The firm brings
a powerful combination of expertise and capital to clients,
developing customized solutions on an integrated or standalone
basis across four services areas: valuations, dispositions,
financing, and investment. Whether to fuel growth or facilitate
strategic consolidation, Gordon
Brothers partners with companies in the retail, commercial
and industrial sectors to provide maximum liquidity, put assets to
their highest and best use and mitigate liabilities. The firm
conducts more than $100 billion worth
of dispositions and appraisals annually and provides both short-
and long-term capital to clients undergoing transformation.
Gordon Brothers lends against and
invests in brands, real estate, inventory, receivables, machinery,
equipment, and other assets, both together and individually, to
provide clients liquidity solutions beyond its market-leading
disposition and appraisal services. The firm is headquartered in
Boston, with over 30 offices
across five continents.
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SOURCE Hilco Merchant Resources