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Eastern Mountain Sports Parent Files Liquidation Plan With Minimal Creditor Recoveries

Mountain Sports LLC, the parent company of outdoor retail chains Eastern Mountain Sports and Bob's Stores, has filed a liquidation plan in Delaware bankruptcy court that would provide general unsecured creditors with recoveries of less than 3% of their claims.

The company, which operated approximately 50 retail locations in the northeastern United States before filing Chapter 11 bankruptcy in June 2024, proposed the liquidation plan on October 27, 2025, following the sale of substantially all its assets to UK-based Mountain Warehouse Limited and Mountain Warehouse Outdoor Inc. The plan must be approved by creditors and the court before taking effect.

Business Operations and Financial Distress

Mountain Sports LLC and its affiliates operated retail stores under the Eastern Mountain Sports and Bob's Stores brands, targeting outdoor enthusiasts and moderate-income customers with sporting goods, activewear, and equipment. As of the June 18, 2024 bankruptcy filing, the company had approximately $37.27 million in gross inventory and employed around 800 full- and part-time workers.

The company's financial troubles stemmed from its relationship with primary lender PNC Bank, which was owed approximately $29.4 million through a revolving credit facility and term loan. PNC declared a default in March 2024 and stopped funding operations in June…