Home / Business and Economy / 76 Leslie's Stores Close Amid Restructuring
76 Leslie's Stores Close Amid Restructuring
8 Oct
Summary
- Leslie's Pool Supplies closed 76 stores nationwide.
- The company aims to exit bankruptcy in early 2027.
- A debt of $685 million will be eliminated.
Leslie's Pool Supplies is undergoing a significant restructuring, having recently closed 76 stores across the nation. This move is part of its Chapter 11 bankruptcy filing, initiated after experiencing slipping revenues and losses from 2023 to 2025. The company reached an agreement with lenders to eliminate about 90% of its funded debt, totaling $685 million.
Leslie's expects to emerge from bankruptcy in early 2027 with improved financial standing. This strategic shift aims to enable reinvestment in the business and enhance customer experience both in-store and online. This isn't the first instance of store closures for the company, which had previously shut down 80 underperforming locations and a distribution center in late 2025 and early 2026.
