Buying the naming rights for its hometown NFL team’s stadium put Sports Authority’s name in front of millions of football fans, but it also may have ultimately doomed the company. [More]
sports authority
Denver Broncos Hope To Not Play Another Season At Stadium Sponsored By Retailer That Doesn’t Exist
By 3.28.17
The Denver Broncos played all of the 2016 NFL season at Sports Authority Field, a stadium named for a retailer that went bankrupt a little more than a year ago. The 2017 season is still many months away, but the Sports Authority name still looms over the Broncos’ home turf. [More]
Dick’s Sporting Goods Predicts More Trouble In Industry, Will Focus On House Brands
By 3.8.17
Unlike a number of its competitors who are shuttering stores or shutting down entirely, sales are up slightly at Dick’s Sporting Goods. That may not be enough to please Wall Street, so the retailer has a plan to boost profits: Sell more of its house-brand products. [More]
Sports Authority Customers Are Shopping Somewhere, Not Sporting Goods Stores
By 1.25.17
Where did Sports Authority’s customers go? The sporting goods retailer filed for bankruptcy almost a year ago, closing all of its stores by the end of the summer. However, other retailers in this sector are puzzled because the Sports Authority customers who, in theory, should have taken their business to the competition have apparently just stopped buying sporting goods. [More]
Modell’s To Take Over A Former Sports Authority Store After All
By 10.27.16
Back when Sports Authority filed for bankruptcy earlier this year, regional chain Modell’s reportedly wanted a piece of the business being abandoned. The chain briefly considered teaming up with a British sports retailer to take over some stores. The deal didn’t work out, and Modell’s didn’t bid on any store leases in the bankruptcy auction, either. However, the chain will now be opening a showcase store in what used to be Sports Authority’s last store in Manhattan. [More]
Don’t Forget: Time’s Almost Up To Opt Out Of Sports Authority’s Sale Of Your Information
By 9.15.16
When you give your e-mail address or other personal data or contact information to a company, the privacy policy usually spells out that your data will be sold along with other assets if the company is bankrupt or sold. That’s the case with former sports retailer Sports Authority, which is about to send its customer data over to its victorious competitor, Dick’s Sporting Goods… unless you opt out. [More]
Broncos And Mile High Stadium Take Back Naming Rights From Sports Authority
By 8.19.16
While pocket knives and parkas flew off the shelves at Sports Authority’s going out of business sales, and foosball table, desk chairs, and iMacs flew out of its former headquarters building through Craigslist ads, one of the bankrupt company’s assets didn’t sell: the naming contract for the field where the Denver Broncos play, which the chain had bought in 2011. It’s now official: the team and the stadium district have agreed to terms and effectively bought back the rights from the defunct retailer. [More]
Neighbors Complain That Former Sports Authority Parking Lot Is A Giant Trash Pile
By 8.15.16
Bags of perishable food, heavy big-screen TVs, construction debris, and the occasional shopping cart: that’s what the neighbors of a former Sports Authority store in Queens, NY are finding in the parking lot now that the store is closed. The parking lot is a disaster and a health hazard, but the city can’t just go in and clean it up because it’s private property. [More]
Sports Authority Asks For Smaller Non-Bonuses For 3 Remaining Executives
By 8.11.16
Perhaps Sports Authority’s attorneys should have anticipated that the public and the chain’s former employees’ reaction to the news that the company wanted to distribute bonuses to some of its executives. Even the judge in the retailer’s bankruptcy case had harsh words about the bonus proposal. The company has filed another motion, though, seeking smaller bonuses and explaining that they are not, in fact, a reward for running the business into the ground. [More]
Bankruptcy Judge In Sports Authority Case Rejects Bonuses For Executives
By 8.2.16
U.S. Bankruptcy Court judge Mary Walrath may be a new folk hero. She’s the judge handling the Sports Authority case, and today she ruled that four Sports Authority executives will not receive a combined $2.85 million in bonuses that the company claims are incentives. Incentives for running the company into the ground? [More]
Consignment Deals Don’t Work So Well When Retailers Go Bankrupt
By 7.28.16
It’s time for retailers to start placing their orders for the items that will be on shelves during this holiday season, but one thing may be different from last year: they may be ordering less merchandise on consignment after millions of dollars’ worth of merchandise was stuck in legal limbo during the bankruptcy of big-box sporting goods retailer Sports Authority. [More]
Still No Sponsor To Replace Sports Authority On Mile High Stadium
By 7.26.16
Another deadline has come and gone, and yet no one has bid on the naming rights for the field where the Denver Broncos play. They previously belonged to the now-bankrupt retailer Sports Authority, and the company put the opportunity up for sale as part of its intellectual property auction. Auctioneer Hilco Streambank has extended the deadline twice now, but no bidder has made their interest public yet. [More]
Sports Authority Stores Closing Early Because People Actually Bought Things At Liquidation Prices
By 7.20.16
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]
Sports Authority Hurrying To Close Stores Faster Than Originally Planned
By 7.19.16
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]
Sports Authority Almost Had To Shut Down Liquidating Stores, Still Pays Millions In Bonuses
By 7.13.16
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
By 7.8.16
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
By 7.8.16
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]
Sports Authority Auction Draws No Bidders For Mile High Stadium Naming Rights
By 7.5.16
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]
