Shoemaker Rockport Files For Bankruptcy, Its Second Time in Five Years
- Company bet on post-covid sales surge that didn’t happen
- Company will try to sell itself while under court protection
A Rockport shoe outlet in Hong Kong, China.
Photographer: Budrul Chukrut/SOPA Images/LightRocket/Getty Images
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Rockport Co., whose former head of marketing ran a marathon in the company’s cushiony dress shoes, filed for bankruptcy for the second time in five years.
The company blamed current troubles on a back-to-work sales surge that didn’t happen as the Covid-19 pandemic waned. The goal of the Chapter 11 case is to find a buyer for the 52-year-old company, Joseph Marchese, the company’s chief restructuring officer, said in a court filing.