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Report: CNY outdoor clothing chain 'Herb' Philipson's files for bankruptcy

'Herb' Philipson's (CNYCentral File Photo)

Regional outdoor retailer "Herb" Philipson's has filed or Chapter 11 bankruptcy, according to WKTV in Utica.

The company announced back in January that it was up for sale. In March, longtime employee Guy Viti, who had previously worked as the president of Merchandising and Operations, stepped up to purchase the company, WKTV reported.

“Over the past several months, the community has embraced the changes made to the stores and continued the strong support of the retail business,” the company told WKTV. “Unfortunately, the lender to the company did not see any of the tremendous changes and exciting developments taking place at Herb Philipson’s Army and Navy Stores, Inc.”

The company said they’ve filed for bankruptcy to “preserve the existing stores, 350 employees and continue providing great products at reasonable prices to the Central New York community.”

"Herb" Philipson's was founded in 1951. The first store opened in Rome and since then, expanded to nine locations across central New York, supplying outdoor and casual apparel, workwear and footwear, plus sporting and surplus goods.

Locations in central New York included Rome, Oneida, New Hartford, Herkimer, Watertown, Newark, Liverpool, DeWitt and Oswego.

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