When Sports Authority locations and their merchandise went up for sale in the first round of auctions after the retailer filed for Chapter 11 bankruptcy protection, experts thought that the chain’s biggest competitor might bid for up to 100 stores to snap up areas where it doesn’t already do business. Dick’s did bid for some stores, but ultimately lost out to liquidators. That’s okay, though, the company’s CEO explained during an earnings call this week: they’ll go for the store leases after the locations they want close. [More]
