United, which sells an array of outdoor equipment, is seeking protection from creditors while it sorts out more than $270 million of debt secured by liens on its assets, court papers show. The company, whose subsidiaries include Ellett Brothers and Jerry’s Sports Inc., reported earnings of $4 million on net sales of $557 million last year — well below its average of $885.3 million in sales from 2012 to 2016.

Source: Los Angeles Times June 10, 2019 22:07 UTC