Vestis Retail Group, the parent company of Bob's Stores and Eastern Mountain Sports, has set the wheels in motion to acquire Sport Chalet.
The acquisition will create one of the largest sporting goods retailers in the United States, with more than 150 stores and coverage on the East and West coasts. Sport Chalet will continue to operate stores under its existing brand name, and according to Vestis Retail Group, no store closures are planned.
Sport Chalet’s chairman and CEO Craig L. Levra will remain at the helm and continue to run the business out of Los Angeles, reporting to Vestis CEO Mark Walsh. Vestis' corporate headquarters will remain in Meriden, Connecticut.
"For the past year, we have methodically explored a wide range of options to position Sport Chalet for growth and to further our strategic initiatives," Levra said. "We believe Vestis is the ideal partner given its base of stores in the Eastern U.S. and synergetic vendor relationships and inventory platforms. We believe we will be very well positioned to compete in today's retail environment as part of a larger organization with significant scale advantages and broad geographic reach."