You may remember the news from earlier this month when the bankruptcy court judge handling the case of defunct retailer Sports Authority denied the company’s request to pay a total of $2.85 million in bonuses to remaining executives. The company proposed a much smaller package for fewer executives, and apparently explained the purpose better this time, since the judge approved the package this time. [More]
sports authority afterlife
Report: Sports Authority Might Sell Stores To Modell’s And UK’s Sports Direct
By 6.21.16
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]
Here’s What You Should Remember Before Hitting Sports Authority’s Store-Closing Sales Today
By 5.25.16
Your inner bargain-hunter may have heard the news that Sports Authority’s liquidation sales in hundreds of stores across the country begin today. That doesn’t mean that you should run out and gather up workout clothes and sports gear right away, though, unless you have a gift card to use up, since it will only be valid through June 26 June 28. That’s because of the strange way that liquidation sales work, where the prices on everything are hiked up before they’re brought back down. [More]
There’s $92.5 Million In Outstanding Sports Authority Gift Cards: Use Yours Before June 28
By 5.24.16
We have no idea why you would want to buy a gift card to Sports Authority right now. The big-box sports retailer, with 460 stores across the country, filed for bankruptcy earlier this year and is liquidating and closing all of its stores starting on Wednesday. If you did want to buy one, today is the last day, and the stores will stop accepting gift cards on June 26 June 28. [More]
