PHOENIX (February 23, 2026) — Leslie’s, the Phoenix-based pool and spa retailer, says it closed 80 underperforming stores nationwide during its fiscal first quarter as part of a broader effort to stabilize operations and cut costs ahead of the 2026 pool season.
The closures stem from a companywide “comprehensive review” announced Dec. 2, and management said execution was rapid—about 80% of closures were completed in less than seven days after that announcement. The company also said it is closing a distribution center in Illinois as part of a streamlined supply chain network.
Financially, the move comes amid a weak start to the year: for FY2026 Q1 (ended Jan. 3, 2026), Leslie’s reported sales of $147.1 million (down 16%), comparable sales down 15.5%, and a net loss of $83.0 million. The company also recorded a $10.1 million non-cash impairment charge tied to the store closures and the distribution center action.
On the customer side, executives said they’re leaning on targeted marketing through “Pool Perks,” their loyalty program (which they said captures over 85% of transaction data) to steer affected customers to nearby stores or online purchasing.
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Important local note: the company has not published a list of the 80 closed stores, so verifying any specific market (like Tucson) generally requires checking individual store pages/locator or calling locations directly.