West Marine Closes 59 Stores After Chapter 11 Bankruptcy Filing, June 15

West Marine, the nation’s largest boating and marine supply retailer, filed for Chapter 11 bankruptcy protection on May 17 and announced it will close 59 stores across 23 states. The Fort Lauderdale-based company cited supply chain disruptions, extreme weather events, and shifts in consumer behavior as reasons for the restructuring. More than a quarter of its 200 locations nationwide will shutter, though the company says it remains open for business at remaining stores and online.

Why West Marine Filed for Bankruptcy

West Marine blamed multiple pressures for its financial struggles. The company faced higher supply chain costs, shifts in consumer spending, and inflation-related pressure on discretionary recreation. Court documents filed in Delaware show the company has between $500 million and $1 billion in both assets and liabilities, with more than 100,000 creditors. West Marine reported roughly $429.3 million in outstanding obligations, including $251.2 million under a loan from Wilmington Savings Fund Society and $178.1 million in asset-backed lending from Eclipse Business Capital.

Which States Face the Most Store Closures

Florida will be hit hardest, losing eight locations including stores in Jacksonville, Orlando, and Bonita Springs. Michigan follows with six closures in Bay City, Grand Haven, Muskegon, Petoskey, St. Clair Shores, and Troy. California loses five stores in Antioch, Chula Vista, Redding, Monterey, and Oceanside. Washington also closes five locations in Bellingham, Bremerton, Everett, Spokane, and Port Townsend. Maryland and South Carolina each lose four stores.

Company Plans to Continue Operations

West Marine said it remains open for business and will continue operating roughly 150 stores nationwide, along with its website and mobile app. The company requested financial authority to continue paying employee salaries and benefits without disruption. CEO Paulee Day stated the actions will optimize operations and rationalize the footprint to serve customers well into the future. The company aims to emerge from Chapter 11 bankruptcy by late August 2026.

What This Means for Boating Consumers

Customers at closing locations can shop at remaining West Marine stores or use the company’s online platforms. Affected stores are running liquidation sales with merchandise discounts. The company said it remains committed to fulfilling orders, honoring warranties and returns, and serving the boating community. The full list of closing locations spans 23 states and is available on West Marine’s website.

Final Thoughts

West Marine’s bankruptcy reflects broader pressure on recreational retail as inflation squeezes discretionary spending. The company will survive with 150+ stores, but the closure of 59 locations signals a permanent contraction in the boating retail sector.

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