May 9, 2008
Athletic chain sells stores
Sportshoe Center, an athletic footwear and apparel chain based in Kennebunk, plans to sell six of its 14 stores, including two in Maine.
The company plans to sell its Wells and Scarborough locations, as well as stores in Manchester, Vt., and Lake George, N.Y., to Westbrook-based Olympia Sports, according to Seacoastonline.com. Two stores in Londonderry and Merrimack, N.H., were recently purchased by an employee. Sportshoe President Marc Brunelle told the news website that the stores were profitable, but he wants to reallocate his holdings from retail to other unspecified opportunities, and that there likely would be further downsizing of the company's eight remaining stores later this year.
Sportshoe Center also has stores in Kennebunk, Saco and Bangor.
The company plans to sell its Wells and Scarborough locations, as well as stores in Manchester, Vt., and Lake George, N.Y., to Westbrook-based Olympia Sports, according to Seacoastonline.com. Two stores in Londonderry and Merrimack, N.H., were recently purchased by an employee. Sportshoe President Marc Brunelle told the news website that the stores were profitable, but he wants to reallocate his holdings from retail to other unspecified opportunities, and that there likely would be further downsizing of the company's eight remaining stores later this year.
Sportshoe Center also has stores in Kennebunk, Saco and Bangor.
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