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March 28, 2024 |
Sports Authority calling it quits LOS ANGELES - The longtime chains — namely Dick's Sporting Goods, Big 5 and REI — stand to gain now that the playing field is thinning out.
Sports Authority will follow Sports Chalet into oblivion. Sports Authority, which filed for bankruptcy protection in March, said it will ditch its reorganization plan and instead hold an auction for the company, potentially selling it off in pieces. When Sports Authority filed for bankruptcy, it had 463 stores nationwide and said it would close or sell about 140. It's the latest shake-up in a rapidly evolving sporting goods industry that is fighting off competition from mass-merchant discounters, online retailers and specialty high-end brands. (Source: Los Angeles Times) Story Date: May 5, 2016
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