Popular sports apparel retail chain files Chapter 11 bankruptcy
thestreet.com • • business
Key Points:
- Sports fans commonly wear team gear such as hats, t-shirts, hoodies, and sneakers on gameday, with many purchasing these items from sports apparel retailers, department stores, or online platforms.
- The sports apparel retail market has faced challenges, with notable closures including Sports Authority in 2016 and Modell’s Sporting Goods filing for bankruptcy in 2020, though Modell’s has since relaunched as an e-commerce platform and may reopen physical stores.
- HatStop, a regional sports apparel retailer based in Washington state, filed for Chapter 11 bankruptcy due to high lease costs and competition from online retailers, aiming to restructure its debt and renegotiate leases to continue operations.
- HatStop operates two physical stores and two e-commerce platforms, offering a
