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Bankrupt Aeropostale Preparing To Sell Off Its Assets At Auction Next Month

After taking a few weeks to weigh its options, Aeropostale says it won’t be able to manage a reorganization under bankruptcy, and instead is getting ready to auction off all its assets in the coming weeks. It’s also taking fire at the lender it claims pushed it into bankruptcy in the first place.

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Sports Authority Is Selling Its Headquarters’ iMacs And Foosball Table On Craigslist

Sports Authority Is Selling Its Headquarters’ iMacs And Foosball Table On Craigslist

If you live near Denver and are looking for a computer monitor, an ice machine, or a 24-foot conference table, the closing of Sports Authority presents you with a unique opportunity. The retailer isn’t just selling off all of its merchandise, store leases, and even its brand name and mailing lists. After closing its headquarters, the company is also selling furniture and computers. On Craigslist. [More]

Nicholas Eckhart

Sports Authority Bankruptcy Means Now Dick’s Sporting Goods Owns 114M Customer Records

Sports Authority is no more. The sporting goods store folded earlier this year, and for the past few weeks all their assets have been up on the auction block. That included all their intellectual property, which was snapped up this week by competitor Dick’s Sporting Goods. And that now means that if you were a Sports Authority customer, Dick’s just bought your information.

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Retailer That Overcharged, Sued Servicemembers Makes Deal To Settle State Lawsuit

Retailer That Overcharged, Sued Servicemembers Makes Deal To Settle State Lawsuit

USA Discounters, the not-at-all discount retailer that went bankrupt last year amid accusations of running a financing scam on customers, is looking to close at least one state investigations with a proposal that would provide a bit of relief to some customers sued by USA Discounters. [More]

Nicholas Eckhart

Report: Dick’s Bids For Sports Authority Stores, Modell’s And Sports Direct Don’t

One interesting possibility in the bankruptcy auction for the stores of debt-laden retailer Sports Authority was that a partnership between Northeastern sporting-goods chain Modell’s and a United Kingdom retailer, Sports Direct, might take over between 100 and 200 stores and open some kind of joint venture. Now that the bids for store leases are in, we know that the companies didn’t do that, but competitor Dick’s Sporting Goods bid on 17 stores that Sports Authority is leaving behind. [More]

Nicholas Eckhart

Reminder: You Have Until Tuesday To Use Your Sports Authority Gift Cards

If you still have a Sports Authority gift card lurking somewhere in your papers, it’s time to pull it out and spend it on some ski pants or a camping knife or something. As the company’s business winds down, the last day that its remaining stores and website will accept gift cards is Tuesday, June 28, 2016. [More]

Mike Mozart

Report: Sports Authority Might Sell Stores To Modell’s And UK’s Sports Direct

At their recent bankruptcy auction, the winner of the inventory in Sports Authority stores was a trio of liquidators, not the company’s competitors. Other chains didn’t want to take on hundreds of stores at a precarious time in the sporting goods business. A new report, however, indicates that United Kingdom retailer Sports Direct might team up with Modell’s, a chain in the northeastern United States, to bid on at least a hundred store leases in one go. [More]

Texas-Based Retailer Hastings Files For Bankruptcy; Looks To Sell 126 Stores

Texas-Based Retailer Hastings Files For Bankruptcy; Looks To Sell 126 Stores

Following in the footsteps of companies like Blockbuster, Borders, and other retailers that sold or rented books, movies, and video games, Hastings Entertainment is bowing to years of faltering sales, filing for bankruptcy on Monday.  [More]

Jack Gray, modified

Rockies Want Sponsorship Money From Sports Authority, Say They’re Promoting Liquidation Sales

Five years ago, Sports Authority signed a sponsorship deal with their hometown major league baseball team, the Colorado Rockies. They’d become the team’s “exclusive sporting goods retailer,” and the team would put ads for them in the stadium, on the backs of tickets, and in stadium programs. These ads have stayed up since Sports Authority filed for bankruptcy, and the team wants the retailer to pay up for the two and a half months that the ads have remained up. [More]

Gawker Media Files For Bankruptcy; Ziff Davis Is Likely Buyer

Gawker Media Files For Bankruptcy; Ziff Davis Is Likely Buyer

Gawker Media — former home to Consumerist and former employer of two current Consumerist staffers — is filing for bankruptcy after being on the receiving end of a $140 million legal pile driver by wrestler/reality star Hulk Hogan. [More]

Former Old Country Buffet Employees Sue Company After Abrupt Closures

Former Old Country Buffet Employees Sue Company After Abrupt Closures

Earlier this year, the owner of Hometown Buffet, Ryan’s Buffet, Fire Mountain, and Old Country Buffet abruptly closed ore than 160 restaurants without giving any advance notice to employees and then filed for bankruptcy — but not before hiring auctioneers to sell anything in the restaurants that wasn’t leased or nailed down. Now, a group of former employees have filed a lawsuit seeking class-action status against Food Management Partners, the company that once ran the buffet restaurants, for not giving them a heads up as required by federal law.  [More]

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Under Armour: Sports Authority Closures Will Hurt Sales Of Sneakers, Clothes

When one business fails, its failure spins out and also affects clients and customers. The failure of a national mega-retailer, Sports Authority, doesn’t just affect its competitors in the coming months as they have to compete with liquidation sales. The company’s bankruptcy also affects its suppliers, including big companies like Under Armour. [More]

Nicholas Eckhart

Sports Authority’s Stores Have Been Sold To A Trio Of Liquidators, All Will Close

While regular customers and employees may have hoped that the competitors of bankrupt sporting goods chain Sports Authority would bid on its stores and inventory, taking over and keeping the branches open so they could expand into new markets. While Dick’s Sporting Goods and Modell’s did bid, ultimately the winner of all remaining stores was a group of three notorious liquidators bidding together: Tiger Capital Group, Hilco Global, and Gordon Brothers. Update: the store closing sales will begin on or around May 25, and run until the end of August. [More]

cmorran123

Report: Sports Authority’s Last Hope To Keep Its Name Alive Backing Away From Deal

With fewer than 24 hours to go before Sports Authority’s self-imposed deadline for other companies to bid on its assets and store leases, the only competitor that seemed interested in bidding is reportedly now backing away from the deal.
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TheGlassPeople

American Apparel Tries Crowdsourcing To Find Expensive Products People Will Buy

Three months after going private and emerging from a contentious fight over its Chapter 11 bankruptcy protection, American Apparel is looking to put the pieces back together, and it’s starting with a crowdsourcing campaign to solicit ideas for products made in the U.S.  [More]

Aeropostale Accuses Lender Of Purposely Squeezing It Into Bankruptcy

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Soon after former mall staple Aeropostale filed for bankruptcy on Wednesday, it turned around and threw darts at one of its lenders, which it accused of working behind the scenes to force the company’s hand. [More]

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Aeropostale Finally Files For Bankruptcy As Predicted, Will Close 113 U.S. Stores

Aeropostale Bankruptcy Watch is officially over, because, well, the teen apparel chain went ahead and did what everyone has been predicting for the last few weeks and filed for Chapter 11 bankruptcy protection. [More]

Nicholas Eckhart

Sports Authority: Nope, We’re Not Liquidating… Yet.

A week after an attorney for Sports Authority told a bankruptcy court that the sporting goods retailer would not continue and planned to liquidate its assets, the company says the term “liquidation” is not in its vocabulary, at least not yet.  [More]