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]
sports authority
Report: Dick’s Wins Sports Authority Brand, Including Domain Names
By 6.30.16
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]
Report: Dick’s Bids For Sports Authority Stores, Modell’s And Sports Direct Don’t
By 6.27.16
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]
Reminder: You Have Until Tuesday To Use Your Sports Authority Gift Cards
By 6.24.16
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]
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]
Sports Authority Prepares To Auction Off Its Name, Your Name, Broncos Stadium Naming Rights
By 6.9.16
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]
Let’s Check Out An Actual Store-Closing Sale At A Sports Authority Store
By 6.2.16
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]
Under Armour: Sports Authority Closures Will Hurt Sales Of Sneakers, Clothes
By 6.1.16
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]
Academy Sports Is Totally Ready To Poach Sports Authority Customers
By 5.31.16
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]
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]
Dick’s Will Bid For Maybe 2 Dozen Sports Authority Leases After Stores Close
By 5.20.16
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]
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]
Report: Sports Authority’s Last Hope To Keep Its Name Alive Backing Away From Deal
By 5.10.16
With fewer than 24 hours to go before Sports Authority’s self-imposed deadline for other companies to bid on its assets and store leases, the only competitor that seemed interested in bidding is reportedly now backing away from the deal.
[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: Nope, We’re Not Liquidating… Yet.
By 5.3.16
A week after an attorney for Sports Authority told a bankruptcy court that the sporting goods retailer would not continue and planned to liquidate its assets, the company says the term “liquidation” is not in its vocabulary, at least not yet. [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]
Why Are So Many Sporting Goods Stores Going Bankrupt?
By 4.19.16
196. That’s the number of sporting goods stores that are set to close after two retail companies filed for bankruptcy in recent weeks. While the failures of Vestis Retail Group — the operator of retailers Eastern Mountain Sports, Sport Chalet, and Bob’s — and Sports Authority were accelerated by mountains of debt both incurred in recent years, there’s more at work when it comes to the apparent demise of sporting goods retailers. [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]
