Pool supplies retailer files for bankruptcy, to close 76 stores

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1. 2h ago

   Pool Retailer Leslie's Files for Chapter 11 and Closes 76 Stores

   Phoenix-based pool and spa service provider Leslie's Inc. has filed for Chapter 11 bankruptcy to cut its debt and hand control to lenders. The nationwide restructuring includes the permanent closure of 76 retail locations, with major impacts hitting regional markets such as Texas and Southern California. Despite the court filing and widespread store reductions, the retailer plans to continue normal operations at its remaining outlets while attempting to stabilize its financial standing amid a prolonged sales slump.

   Why it matters

   The bankruptcy filing marks a severe downturn for a major specialty retailer that first opened its doors in North Hollywood more than six decades ago. The company operates hundreds of locations across several states, including a large footprint in Texas, before running into acute financial pressures. The restructuring agreement with existing lenders represents an effort to salvage the business through debt reduction and operational streamlining.

   What is confirmed

   • Phoenix-based pool and spa service provider Leslie's Inc. filed for Chapter 11 bankruptcy.
   • The company is closing 76 stores nationwide as part of its restructuring.
   • Leslie's entered into a restructuring agreement with a group of its existing lenders to cut debt and hand over control.
   • The retailer opened its first store in North Hollywood more than six decades ago.
   • The store closures affect multiple regions, including 13 stores in Southern California and nearly 20 stores in Texas, with eight closing in Houston.

   Still unconfirmed

   • The bankruptcy filing and store closures were primarily driven by a prolonged sales slump.

   What to watch next

   • Court approvals for the debt-restructuring plan under Chapter 11
   • Announcements detailing additional store closures or operational adjustments
   • Financial reports indicating sales performance at remaining store locations
   Sources used for this update (13)

   1. www.foxbusiness.com — Markets - Fox Business ,Saving & Investing
   2. WSJ — Leslie’s Files for Chapter 11 to Cut Debt, Hand Control to Lenders
   3. bizjournals.com — Here are the 76 pool retail stores Leslie's has closed amid bankruptcy filing
   4. Fox Business — Pool supplies retailer files for bankruptcy, to close 76 stores
   5. KHOU — Pool supplies store closing several Houston-area locations amid bankruptcy filing
   6. chron.com — Leslie's bankruptcy puts nearly 20 Texas stores on the chopping block
   7. Reuters — Pool supplies firm Leslie's files for bankruptcy amid sales slump
   8. dallasnews.com — Pool retailer closing over half-dozen stores in D-FW amid bankruptcy filing
   9. Chron — Popular pool giant with over 200 Texas locations files for bankruptcy
   10. Houston Chronicle — Leslie's is closing 8 Houston stores. Is yours on the list?
   11. www.dailynews.com — Leslie’s Pool Supplies closes 13 Southern California stores in bankruptcy
   12. www.fox13news.com — Pool supplies retailer files for bankruptcy, to close 76 stores
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