Outdoors and firearms distributor files for bankruptcy after 70 years in business
PennLive.com • • business
Key Points:
- Big Rock Sports has filed for Chapter 7 bankruptcy amid struggles in the sporting goods sector, with its website now down and Canadian operations already liquidated.
- The company, specializing in firearms, firearm accessories, fishing gear, and outdoor items, historically serviced over 20,000 retailers across multiple countries and offered more than 200,000 product SKUs.
- Big Rock carries a legacy dating back 71 years to the founding of All-Sports Supply but currently faces $2.57 million in direct borrowings and $17.7 million in guaranteed debt.
- The sporting goods retail industry is facing challenges, exemplified by Orvis, a 169-year-old company, which announced plans to close 31 stores and five outlets
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