Sportsman's Warehouse files bankruptcy

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MIDVALE -- Sporting goods store Sportsman's Warehouse has filed for Chapter 11 bankruptcy protection.

The Midvale-based company is worth about $436 million, and it owes its creditors $452 million.

Sportsman's CEO said in court papers filed Saturday the company was "another retailer victim of the worldwide-global recession."

Earlier this month, the company announced it was closing 23 stores across the country and selling another 15. No Utah stores are affected.

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