Iron Age Shuts Down - Modern Distribution Management

Log In

Iron Age Shuts Down

Iron Age Corp., distributor and marketer of safety shoes, Westborough, MA , is shutting down after filing for bankruptcy in January. The company sold safety, work and uniform shoes to industrial, service and government sectors.
&nbsp ;
Iron Age filed for Ch. 11 bankruptcy Jan. 22, 2007.
&nbsp ;
In the bankruptcy filing in Massachusetts, CEO David Eckert said in an affidavit that the company had experienced liquidity issues" in the last quarter of 2006 and filed bankruptcy in order to pursue selling the business or liquidating its assets.
&nbsp ;
Iron Age had sales of $85.07 million for the fiscal year ended Jan. 28, 2006, according to the filing. For fiscal 2007, the company had projected revenues of $75 million. Figures include Iron Age, and Iron Age Canada, a ...
Author
Date

Iron Age Corp., distributor and marketer of safety shoes, Westborough, MA , is shutting down after filing for bankruptcy in January. The company sold safety, work and uniform shoes to industrial, service and government sectors.
&nbsp ;
Iron Age filed for Ch. 11 bankruptcy Jan. 22, 2007.
&nbsp ;
In the bankruptcy filing in Massachusetts, CEO David Eckert said in an affidavit that the company had experienced liquidity issues” in the last quarter of 2006 and filed bankruptcy in order to pursue selling the business or liquidating its assets.
&nbsp ;
Iron Age had sales of $85.07 million for the fiscal year ended Jan. 28, 2006, according to the filing. For fiscal 2007, the company had projected revenues of $75 million. Figures include Iron Age, and Iron Age Canada, a wholly-owned subsidiary of Iron Age, which also has its headquarters in Massachusetts.
&nbsp ;
Iron Age sells safety shoes to employers in the U.S. and Canada seeking to comply with safety regulations. Iron Age distributes more than 20 brands of protective footwear and more than 1,500 styles of protective footwear under Iron Age’s brand names, Iron Age, Knapp and Grabber.
&nbsp ;
It also sells brand names such as Timberland, Skechers and Dr. Martens.
&nbsp ;
Iron Age distributed its products from a warehouse and distribution center in Penn Yan, NY, via shoe mobiles, store centers, in-plant stores, catalogues, and the Internet. It had 60 store centers in the U.S. and Puerto Rico, as well as 100 shoe mobiles that visit employers at their request. In-plant stores were used for high-volume customers.
&nbsp ;
IA Canada has 12 store centers and two in-plant stores, as well as 15 shoe mobiles.
&nbsp ;
The distributor employed nearly 500 in the U.S. and Canada.

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.