The parent of Bob’s Stores and EMS plans to use Ch. 11 protection to close some doors and possibly reorganize the business around remaining flagship stores, while eliminating its distribution center. In its “first day” motions, Mountain Sports asked to court to allow it to continue operating normally, selling down excess inventory in an orderly way, to best preserve value for its lender, PNC Bank. It owes about $29.4 million on its secured revolver and FILO loan, but wants the court to authorize its use of cash collateral held by the ... Log in to view full article.