Sports Authority is “pursuing a sale of some or all of the business,” a company statement said. “We have received initial expressions of interest from a number of potential buyers, and we are optimistic about the results of the sale process.”
Founded in 1928, the athletic apparel retailer was once the largest sporting goods chain in America.
In the years after its 2006 leveraged buyout by Leonard Green & Partners, Sports Authority saw a slump in sales due to competition from mega retailer Dick’s and online merchants.
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9 comments:
Are there any on the shore?
Don't think I have been to any here.
I know the shoe store next to 5 below is going out of business.
Obamanomics at its best....
Kids don't want to get off the couch and play sports, it is X-box time !
Any news on giant?
Did obama invent the internet? Brick and mortar stores are closing as people buy more stuff online. No surprise. Don't need to deal with salespeople or cashiers. Product delivered to you and no parking problems.
Areopostle is next
There have always been bankruptcies. Often the company comes back after reorganizing.
Must be those greedy eight dollar an hour employees, drove them out of business paying them so much.
everybody knows al gore invented the internet and discovered global warming
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