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]
sports authority bankruptcy
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]
Sports Authority Store Closing Sales Will Start Around May 25, End Around August 31
By 5.18.16
If you’re looking for a great deal on some athletic clothing or sports gear, get ready to head over to Sports Authority… maybe sometime in July. Deep in debt and unable to reorganize itself to keep going, the company declared bankruptcy in March. Liquidators outbid competitors for the remaining stores, and Dick’s and Modell’s only wanted a few dozen stores combined anyway. [More]
Sports Authority’s Stores Have Been Sold To A Trio Of Liquidators, All Will Close
By 5.17.16
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]
Analysts: Dick’s Could Take Over 80-180 Sports Authority Stores
By 5.9.16
How many sporting goods stores does this country really need? Two outdoors-oriented chains are reportedly considering a merger, and two companies in the sector have filed for bankruptcy protection in the last few months. Sports Chalet is shutting down, and Sports Authority stores are all closing or for sale: the buyers could be liquidators that would simply sell everything off and close down. According to a recent report by some investment analysts, though, market leader Dick’s may take over some of those stores. [More]
Sports Authority Will Liquidate, Sell Some Stores To Competitors
By 4.26.16
When Sports Authority filed for bankruptcy protection last month, the company hoped that it might be able to survive the process, re-organizing its debts and keeping some of its stores open. Today in bankruptcy court, a company attorney told the judge that Sports Authority will not continue, and there are prominent but unnamed companies that may purchase some of the chain’s remaining 300 or so stores. The bankruptcy auction will be on May 16. [More]
Sports Authority Comes To Agreement With Suppliers To Sell Winter Gear
By 4.5.16
Should you trust someone who’s broke to hold on to your stuff and sell it for you? Suppliers to the bankrupt Sports Authority decided that they didn’t, and filed lawsuits to keep the retailer from selling winter sports merchandise and cold-weather gear and to get it back. Now they’ve reached a settlement over the merchandise… now that winter is over, naturally. [More]
