Leslieās Files for Bankruptcy, Plans to Close 76 Stores as Debt Burden Mounts
Leslieās, the largest U.S. pool supplies retailer, has filed for Chapter 11 bankruptcy and plans to close 76 stores as it seeks to reduce debt and hand control to lenders. The move underscores how higher financing costs, softer consumer demand and a prolonged sales slump are pressuring even established specialty retailers.
