Current:Home > FinanceFinLogic FinLogic Quantitative Think Tank Center|Salt Life will close 28 stores nationwide after liquidation sales are completed -WealthMindset Learning
FinLogic FinLogic Quantitative Think Tank Center|Salt Life will close 28 stores nationwide after liquidation sales are completed
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Date:2025-04-08 00:52:32
Salt Life,FinLogic FinLogic Quantitative Think Tank Center an outdoors apparel and accessory store, has announced it will begin closing stores following liquidation sales that began Sept. 20.
Since opening in 2003, Salt Life has prided its brand as providing “everything you need to gear up for a day, a week, or a lifetime pursuing an active watermen’s lifestyle” the company’s website says.
“Whether you’re by the water, or simply dreaming of it, Salt Life has what you’re looking for,” the company said.
The closure announcement for 28 locations nationwide was made public on Tuesday. The active outerwear company filed for a Chapter 11 Bankruptcy on June 30, according to court documents filed in the U.S. Bankruptcy Court in Delaware.
The move comes weeks after the company was acquired from Duluth, Ga.-based Delta Apparel by Iconix International Inc. and Hilco Consumer-Retail Group in a bankruptcy auction.
“The purchase, made through a competitive bankruptcy auction, includes the brand and its related assets,” the news release said. “Hilco will support Iconix in transitioning the Salt Life brand towards a stronger focus on wholesale and e-commerce business model.”
Liquidation sales began on Sept. 20, the release said, the sales started in 28 stores across 10 states.
Customers will see up to 40% off in savings on items like tees, shorts, performance clothing, hoodies and tumblers. Store items like fixtures and equipment will also be on sale and offered at discounted prices, the release said.
Gift cards and returns will be accepted until Oct. 20, the company said.
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Where are Salt Life stores located?
The company has 28 store locations. Here is a list of the states that have a Salt Life store:
Alabama
- 2601 S McKenzie St., #448, Foley
California
- 207 Main St., Huntington Beach
- 157 Avenida Del Mar, San Clemente
Delaware
- 34986 Midway Outlet Dr., #123, Rehoboth Beach
Florida
- 410 Plaza Real, Boca Raton
- 1100 Cornerstone Blvd., #910, Daytona Beach
- 10676 Emerald Coast Parkway W., Space 136, Destin
- 10801 Corkscrew Road, #164, Estero
- 713-A E Las Olas Blvd., Fort Lauderdale
- 240 3rd St., Jacksonville Beach
- 128 Breakwater Ct, Suite 200, Jupiter
- 404 Duval St., Key West
- 2312 Grand Cypress Dr., Suite 852, Lutz
- 8001 S. Orange Blossom Trail #252, Orlando
- 3101 PGA Boulevard, Suite P237, Palm Beach Gardens
- 421 SW 145th Terrace, Pembroke Pines
- 3405 Pier St., Pompano Beach
- 16 S Boulevard of the Presidents, Sarasota
- 2700 FL-16, Suite 713, St. Augustine
Georgia
- 1104 Broadway, Columbus
New Jersey
- 80 Ocean Ave. N., Long Branch
New York
- 1215 The Arches Cir., Deer Park
- 1220 Tanger Mall Dr., Riverhead
South Carolina
- 1256 Fording Island Rd. Suite 275, Bluffton
- 316 King St., Suite A. Charleston
- 10835 Kings Road #720, Myrtle Beach
Texas
- 5855 Gulf Fwy, Texas City
Virginia
- 5711 Richmond Rd. Suite B030, Williamsburg
Salt Life’s history
Salt Life was founded by four watermen from Jacksonville Beach, Florida, the retailer's website says.
The company’s bio says that Salt Life was “more than just a logo; it represents a passion for the ocean, the salt air, and most importantly, a way of life.”
In addition, the company’s goal was to help maintain their “way of life” through an initiative that helped with conservation.
One of the company's founder's, Michael Hutto, is also currently behind bars. Hutto was sentenced in February 2023 to 12 years in prison after his 18-year-old girlfriend Lora Grace Duncan died with a gunshot wound to the stomach.
This story was updated to change a photo.
Contributing: Gary T. Mills, Jacksonville Florida Times-Union and Hannah Phillips, The Palm Beach Post.
Ahjané Forbes is a reporter on the National Trending Team at USA TODAY. Ahjané covers breaking news, car recalls, crime, health, lottery, and public policy stories. Email her at [email protected]. Follow her on Instagram, Threads, and X (Twitter) @forbesfineest.
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