Regional operator Joe’s Sports & Outdoors, foryears known as G.I. Joes, filed for Chap. 11 bankruptcy protection in Delaware.The 30-door retailer, founded in 1952 as an army-navy surplus store andacquired by leveraged buyout firm Gryphon Partners of San Francisco 26 monthsago, will seek to auction off as many of its stores as possible and separatelyliquidate inventory and assets in GOB sales. Joe’s now occupies 1,590,000 sq.ft. of space in the Northwest.

According to court filings, the timetable for theseactions will commence shortly and be completed on or before April 3. Stalkinghorse bidders are expected to be identified before March 20 with ... Log in to view full article.