Sports Authority to Close Almost One Third of Its Stores
This week, Englewood, Colorado based Sports Authority filed for Chapter 11 bankruptcy protection. The American chain of sporting goods retailer in the bankruptcy protection filed on Wednesday, said that it will close 143 stores, but now it says that at least one of the listed stores is not closing.
On Friday, Steven Goldberg, a company spokesman said that the main Sports Authority outlets at Bowles Crossing and the neighboring Bowles Winter Sports Outlet will continue to be open.
According to Goldberg, the company will use the winter clearance outlet as a location to liquidate the stock from other stores.
As part of its bankruptcy proceedings, the company will close nineteen stores in California. In the bankruptcy protection filing, the company said it will either close or sell almost one-third of its locations along with two distribution centers located in Denver and Chicago.
The total number of stores that Sports Authority operates is 463, in forty one states and in Puerto Rico.
In an email statement Goldberg said that store closing sales started on Friday and is expected to last for few weeks. The duration of sale will vary according to the locations.
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