Next Adventure to close all stores

Driving the news: The business will be shuttering all four of its locations — the flagship headquarters in Portland's Central Eastside, a smaller store in Sandy and its paddle centers in Portland and Warren.

Catch up quick: Next Adventure was founded in 1997 by childhood friends Deek Heykamp and Bryan Knudsen, who filled the then-1,600 square foot business with new merchandise, but also spent weekends finding closeout deals and picking over garage sales to stock the shop.

• That ethos remained ingrained in the business even after years of success and expansion, with the bargain basement at the Portland location — full of gently used items — serving as an accessible entry point into often pricey outdoor sports and hobbies.

What they're saying: "It has been the joy of my life to be part of such a great industry and work with our wonderful customers," Heykamp said in a written statement. "While retirement sounds pretty amazing right now, I will truly miss the camaraderie and community that we have built together."

Context: Next Adventure's impending closure marks the second high-profile departure for outdoors outfitters in Portland in roughly a year.

• REI declined to renew its lease in the Pearl last year, citing high security costs and problems with shoplifting.

What's next: Starting May 28, Next Adventure will run a store closing sale of its entire inventory that will likely last into the summer.