Herb Philipson's will stay open even as the regional chain of sporting goods stores files for bankruptcy protection.
Owner Guy Viti tells 7 News he filed for Chapter 11 bankruptcy because he's changing lenders and securing new financing.
Viti says he's still hiring and is working to protect the jobs of 300 people in five counties.
He bought Herb Philipson’s Army and Navy Stores last March from the Philipson family, which opened its first store in Rome in 1951.
The chain features outdoor and casual apparel, work clothes, sporting goods, and surplus items.
Herb Philipson’s Army and Navy Stores is based in Rome, New York. It has stores in Rome, New Hartford, Oneida, Herkimer, Watertown, Liverpool, Newark, Oswego and Dewitt.
The Watertown store is located in Price Chopper Plaza off Arsenal Street.