Sports Authority to close all stores, starting liquidation Wednesday

By Stephen Frothingham

DENVER (BRAIN) — Bankrupt sporting goods chain Sports Authority has begun plans to wind down its 463 stores. The company will begin going outof business sales at all locations on Wednesday and plans to shut down all the stores by the end of August.

The Denver-based chain filed for bankruptcy in March. It initially attempted to restructure and to keep some locations open.

But the company told the federal bankruptcy court this week that …read more

Via:: Bicycle Retailer and Industry News