Is Sportsman’s Warehouse Going Out of Business?

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Andrea Berry is the founder and lead writer of BluBiz. She launched the publication in 2025 after seeing how often small business owners were left with...
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If you’ve heard rumors about Sportsman’s Warehouse closing or noticed your local store looking a little emptier than usual, you’re not alone. A lot of shoppers are asking the same question right now, and it makes sense to want a straight answer.

The short version? The company is not confirmed to be shutting down entirely. But there is real news happening, and it’s worth understanding what’s actually going on. Let’s break it down clearly.

What Sportsman’s Warehouse Actually Said About Store Closures

In its FY 2025 financial press release, Sportsman’s Warehouse said it had identified roughly five stores for potential closure. The reason given was straightforward — those locations were underperforming and not profitable enough to keep open.

As of that announcement, the company had not publicly named which specific stores were on the list. So if you’re wondering whether your local store is one of them, there’s no official confirmed list yet.

What’s important to note is how the company framed this. They described it as a targeted business decision — not a sign that the whole chain is winding down. Sportsman’s Warehouse still operates around 148 stores across 32 states, with a strong presence in the western U.S., including California, Washington, and Utah.

Closing five locations out of nearly 150 is a very different story than a company collapse.

This Has Happened Before — And the Brand Came Out the Other Side

Here’s something worth knowing: this isn’t the first time Sportsman’s Warehouse has gone through a rough patch. After the 2008 economic downturn, the company entered a restructuring process that included closing 26 underperforming stores.

They worked with a restructuring firm called Gordon Brothers to manage inventory and handle the closures in an organized way. Individual stores — including one in Aurora, Colorado — went through liquidation sales during that period, which understandably caused a lot of concern among local shoppers.

People who walked into those stores and saw clearance-style discounts on everything naturally assumed the whole company was done. But that wasn’t the case. The brand kept operating, recovered over time, and eventually expanded again.

That history matters. It shows that store closures, even with liquidation sales, don’t automatically mean the whole company is gone. For Sportsman’s Warehouse, trimming underperforming locations has actually been part of how it survives.

There’s a Real Difference Between Closing Stores and Going Out of Business

This is where a lot of the confusion comes from. When people hear “store closures,” they often jump to “the company is done.” But those are two very different things in the world of retail.

Think about it this way. Best Buy has closed individual locations over the years. So has Macy’s. Neither of those companies disappeared. Closing a specific store in a specific city is a normal business move, even for healthy companies.

There are also different kinds of financial distress worth understanding:

  • Selective store closures — A company shuts down certain locations that aren’t making money, while keeping the rest running. This is common and doesn’t mean the brand is failing.
  • Chapter 11 bankruptcy — This is a legal reorganization process. The company keeps operating while it restructures its debts. Many well-known brands have gone through Chapter 11 and come out the other side.
  • Chapter 7 liquidation — This is a full shutdown. Every store closes, all assets are sold off, and the company ceases to exist. This is what “going out of business” actually means.

Right now, what we’re seeing with Sportsman’s Warehouse looks like the first option — selective closures paired with financial risk management. There’s no confirmed liquidation or full shutdown.

A helpful way to think about it: closing a few underperforming stores is like pruning weak branches off a tree. From the branch’s perspective, it’s over. But the tree itself might actually get healthier because of it.

Why Some Stores Look Half-Empty Right Now

This is one of the most common things people are noticing, and it’s fueling a lot of the online speculation. Reddit threads and community forums have posts from shoppers describing stores with noticeably thin inventory — items not being restocked, shelves looking sparse, a general feeling that something is off.

That feeling is real, and it makes sense to notice it. But there are a few different explanations for what might be causing it.

First, a store that’s being considered for closure may stop receiving new inventory as management evaluates the decision. It’s not always a sign that the whole chain is struggling — it might just be a sign that one specific location is under review.

Second, companies going through financial pressure sometimes cut costs across the board, which can mean ordering less stock. That shows up on shelves before it shows up in any press release.

Third — and this one gets overlooked — it could simply be a temporary supply issue with no deeper meaning behind it.

The important thing is that an empty-looking store doesn’t automatically mean that location is closing, and it definitely doesn’t mean the whole company is shutting down. Some locations are clearly still doing well. Commenters on local social posts specifically mentioned stores like the Fresno location as top performers that are unlikely to be among the first affected.

Customer perception and corporate reality aren’t always the same thing, and that gap is exactly what’s driving most of the “Is Sportsman’s Warehouse going out of business?” searches right now.

What This Means for You as a Shopper

If you’re a regular Sportsman’s Warehouse customer, here’s the practical side of things to keep in mind.

If a specific store near you closes but the company keeps operating, things like gift cards and loyalty points are typically honored at other locations or through the company’s website. That said, always check directly with the company for current policies — things can change, especially during restructuring periods.

If you have a layaway purchase or a pending order, it’s worth reaching out to the store or corporate customer service sooner rather than later if you’re concerned.

For anyone tracking this situation, the best sources to follow are the company’s own press releases, any SEC filings, and local news outlets in your area. Official store signage and emails from the company will also be your most reliable signal if something changes at your specific location.

Business coverage from outlets like Blubizmag can also help you stay informed on retail trends and how companies navigate these kinds of shifts.

The Bottom Line

Sportsman’s Warehouse is not confirmed to be going out of business. What is confirmed is that the company identified roughly five underperforming stores for potential closure in its most recent financial update — and that comes with real financial risk from lease costs and impairment charges.

That’s not nothing. But it’s also very different from a full shutdown.

The brand has been through harder times before — it closed 26 stores after the 2008 downturn and still came back. Right now, the picture looks like a company trying to cut what isn’t working so the rest of the business can stay viable.

If your local store is one of the ones under review, that’s genuinely frustrating news. But if it isn’t, there’s a good chance things keep running normally for a while. Stay tuned to official updates, and try not to read too much into empty shelves alone.

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Andrea Berry is the founder and lead writer of BluBiz. She launched the publication in 2025 after seeing how often small business owners were left with advice that felt too corporate, too vague, or disconnected from real day-to-day challenges. Andrea writes about practical business planning, marketing, finances, productivity, branding, and the decisions that shape independent businesses. Her approach is clear, grounded, and focused on useful guidance rather than hype or shortcuts.