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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.
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Iron Age filed for Ch. 11 bankruptcy Jan. 22, 2007.
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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.
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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 ...

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.
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Iron Age filed for Ch. 11 bankruptcy Jan. 22, 2007.
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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.
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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.
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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.
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It also sells brand names such as Timberland, Skechers and Dr. Martens.
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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.
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IA Canada has 12 store centers and two in-plant stores, as well as 15 shoe mobiles.
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The distributor employed nearly 500 in the U.S. and Canada.

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