Ski Market Closing After 39 Years

BOSTON, Feb. 5 /PRNewswire/ -- After 39 years of serving the outdoor sporting community, Ski Market is closing its doors for good. Going-out-of-business sales start this Saturday, February 6th, at all seven Ski Market stores located in Massachusetts, Connecticut and Rhode Island.

"We would like to express our appreciation to all of our loyal customers for their many years of patronage," said Andrew Ferguson, President of Ski Market. "As a thank you, we are offering skiers and snowboarders an opportunity to partake in incredible deals with discounts starting at 20-40% off everything in our stores just in time for the long President's Day weekend."

Customers can find unheard of savings on sporting equipment and outdoor apparel from top brand names. Products include a wide selection of Volkl, Dynastar and Rossignol ski equipment and Burton, K2 and Ride snowboards. All stores also have a wide selection of Scott and Marin road, mountain and urban bikes and car racks. Once an item is sold, it often isn't replaced. Therefore, the best deals across the widest selection of products happen in the very beginning of the sale.

Ski Market's going-out-of business storewide sale will start this Saturday, February 6th and will continue until all inventory is sold. Gordon Brothers Group, a global advisory, restructuring and investment firm specializing in the retail, consumer products, real estate and industrial sectors is managing the going-out-of business sale on behalf of Ski Market. Storewide sales take place at all Ski Market location and are listed below:

• 860 Commonwealth Avenue, Boston, MA 02215
• St. Mortiz Sports, 475 Washington Street, Wellesley, MA 02418
• 425 Washington Street, Woburn, MA 01801
• 686 Worcester Road, Framingham, MA 01701
• 195 West Main Street Plaza, Avon, CT 06001
• 500 Greenwich Avenue, Warwick, RI 02886
• 290 Old Oak Street (Christmas Tree Shops Plaza, Route 139), Pembroke, MA 02359

"The closing of this iconic New England retailer will mark the end of an era. All merchandise is marked down significantly so we won't be surprised to see it sell out very quickly," stated Tim Shilling, Director at Gordon Brothers Group. "The ski and snowboard season is just getting started so customers will be able to take advantage of great deals on skis, snowboards and outerwear, in addition to a huge selection of mountain and road bikes."

Ski Market started in Wellesley, Massachusetts where Bob Ferguson opened St. Moritz Sports in 1958. After thirteen years of business, Ferguson partnered with Tom Richardson and opened the first Ski Market on Commonwealth Avenue in Boston. Ski Market fulfilled the market's desire for a discount ski shop since, in 1971, high-end specialty shops were the only place to buy skis and ski equipment. To diversify themselves even more, Ski Market owners added bikes to their store to capitalize on the height of the 10-speed craze.

About Ski Market

Ski Market is a retailer of fine, affordable ski equipment including skis, bindings and ski packages in the winter, in addition to bicycles and other sports equipment. Ski Market employs about 170 full- and part-time workers. The company has Ski Market stores in Boston, Framingham, Pembroke, Woburn, Avon, C.T. and Warwick, R.I., as well as the St. Moritz store in Wellesley.

About Gordon Brothers Group

Founded in 1903, Gordon Brothers Group (www.gordonbrothers.com) is a global advisory, restructuring and investment firm specializing in the retail, consumer products, industrial, and real estate sectors. Gordon Brothers Group maximizes value for both healthy and distressed companies by purchasing or selling all categories of assets, appraising assets, providing debt financing, making private equity investments, and operating businesses for extended periods. Gordon Brothers Group conducts over $50 billion worth of transactions and appraisals annually.

SOURCE Gordon Brothers Group