EMS's parent company is preparing for bankruptcy filings. EMS photo.
According to Bloomberg, Eastern Mountain Sports' parent company, Vestis Retail Group, is preparing for bankruptcy filings, and could file as soon as next week. Vestis also owns the Sports Chalet and Bob's Stores chains. The news no doubt casts speculation that EMS will have to follow their parent organization into Chapter 11.
The Meriden, Connecticut-based EMS, founded in 1967 by two climbers in Massachusetts, operates over 65 retail locations as well as multiple outdoor skill schools, including a bustling center for backcountry travel & avalanche safety courses in New Hampshire's White Mountains. The company was acquired by Versis in 2012, who itself is owned by a private equity outfit.
This comes just a month after Sports Authority filed for bankruptcy itself, and, in the prior year, Quiksilver and American Apparel – highlighting the difficult landscape the sporting goods industry is facing in the era of Amazon, international competition, and stagnating incomes among many income brackets in the rich world.
SALT LAKE CITY — A gunman opened fire Monday evening at climbers mid-route in The Wasatch Range's Little Cottonwood Canyon. No injuries were reported, and law enforcement officials are curently investigating the incident. According to the Salt Lake Tribune and other anonymous sources, the shooting occurred at roughly 6 p.m. Monday in the area more commonly known for world-class powder skiing at nearby Snowbird and Alta ski areas. Rock climber Samuel Clairmont and two others were rappelling
Olympic gold-medalist Joss Christensen took to social media this weekend after being stalked by two females for over three days. The pair of stalkers first approached Joss outside his gym and asked for a picture. The next day he spotted them near his mother's house while he was visiting. The pair then followed the Park City skier back to his cabin yesterday, which turned out to be the final straw. He took to his Instagram to post the following message, urging the females to leave him alone
SALT LAKE CITY — US Secretary of the Interior Ryan Zinke announced Thursday that he won't recommend the abolition of any national monuments, but that he will push to have some — including Bears Ears, Grand Staircase-Escalante, Katahdin Woods and Water in Maine and Cascade Siskiyou in southern Oregon — reduced in size and scope. In a report published by the Associated Press, Zinke explains that he’ll seek a reduction in some monument boundaries, but refused to detail the extent of the