Laura Northrup

Sports Authority Stores Closing Early Because People Actually Bought Things At Liquidation Prices

If Sports Authority’s management ever wondered whether its pricing was appropriate, it now has the answer, thanks to the company’s going-out-of-business sales: customers flocked to the chain once everything was marked down. Employees of stores near the chain’s headquarters in the suburbs of Denver told the Denver Post that the sales attracted lots of customers, and merchandise sold out more quickly than anticipated. [More]

Phillip Pessar

Sports Authority Hurrying To Close Stores Faster Than Originally Planned

When Sports Authority failed to find a buyer for any of its stores that wasn’t a liquidator, the company began its going-out-of-business sales at all of its stores. Back then, the company predicted that the sale would past roughly all summer, meaning that remaining retail employees would have jobs for about that long. Now, the chain reportedly hopes to wrap things up at the end of July. [More]

Nicholas Eckhart

Sports Authority Almost Had To Shut Down Liquidating Stores, Still Pays Millions In Bonuses

Defunct sporting goods retailer Sports Authority almost had to shut down its liquidation sale early, having run out of cash. Instead, they made a last-minute deal with lenders to keep the liquidation sales going. Don’t worry, though: executives will still get a total of $2.85 million in bonuses. [More]

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]

Bankruptcy Court Resolves Another Dispute Between Sports Authority And Consignment Vendors

Bankruptcy Court Resolves Another Dispute Between Sports Authority And Consignment Vendors

Sports Authority had a problem as it wound down business at its first batch of stores closed after it filed for bankruptcy protection: they hadn’t sold everything, and needed to either leave merchandise behind for landlords to deal with, or send it back to vendors. The problem was that the vendors and the company’s lenders disagreed on who should get the proceeds of selling that merchandise: the vendors it belonged to, or the lenders who are supposed to get paid as the bankrupt sporting goods retailer sells everything off. [More]

Heath Alseike

Sports Authority Auction Draws No Bidders For Mile High Stadium Naming Rights

Dick’s Sporting Goods may have scooped up the Sports Authority name and 31 stores in the auction of the latter retailer’s assets last week, but it appears no one was interested in the naming rights to reigning Super Bowl champions Denver Broncos’ home stadium.  [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. [More]

Nicholas Eckhart

Report: Dick’s Wins Sports Authority Brand, Including Domain Names

In the future, when you forget that Sports Authority went out of business and type in their website address, you’ll end up on a page owned by the defunct retailer’s biggest competitor. Dick’s Sporting Goods reportedly scooped up the Sports Authority name, including its domain names and customer mailing lists, for $15 million in the company’s intellectual property auction. [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]

Nicholas Eckhart

Sports Authority Prepares To Auction Off Its Name, Your Name, Broncos Stadium Naming Rights

When a company files for bankruptcy protection and goes out of business, it sells off everything it owns with any value. That includes your name, if you’re on the retailer’s mailing list or part of their loyalty card program. Even the company’s own name goes up on the auction block. In the case of Sports Authority, the bankrupt company’s intellectual property includes the right to plaster their name on the field where the NFL’s Denver Broncos play. [More]

Laura Northrup

Let’s Check Out An Actual Store-Closing Sale At A Sports Authority Store

We always tell readers not to rush out to store-closing sales until later on, if at all, since the deep discounts and brightly colored signs hide discounts that aren’t that great. Over the holiday weekend, Consumerist stopped by a Sports Authority store to find out how the store-closing sale is going. What we learned: there isn’t a big market for University of Georgia Christmas sweaters in upstate New York, especially in late May. [More]

m01229

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]

(Sandra)

Academy Sports Is Totally Ready To Poach Sports Authority Customers

Competitors aren’t even waiting for Sports Authority to close its doors before trying to poach the chain’s customers. Here’s a coupon that arrived in reader Sandra’s mail last week, which manages to use the closing of Sports Authority as a draw without actually naming the retailer. [More]

Nicholas Eckhart

Here’s What You Should Remember Before Hitting Sports Authority’s Store-Closing Sales Today

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]

Nicholas Eckhart

Dick’s Will Bid For Maybe 2 Dozen Sports Authority Leases After Stores Close

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]

Nicholas Eckhart

Sports Authority Store Closing Sales Will Start Around May 25, End Around August 31

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]