Hot Property. Times Events. Times Store. Facebook Twitter Show more sharing options Share Close extra sharing options. Sports Authority, which filed for Chapter 11 bankruptcy protection in March, now plans to close all of its stores. By Justine Griffin. More From the Los Angeles Times. Business Why economists got it wrong on U.
Thousands of workers are being let go. And its headquarters complex, long a mainstay of downtown Englewood's economy, will soon stand empty. Ahead of an asset auction June 29, retailers and other businesses are poring over the leavings of this once-proud company — store leases , the website domain name, product brands, customer databases — and even its naming-rights deal at the Broncos stadium.
Sports Authority executives did not respond to DBJ requests for interviews. To answer that question, we offer a special report, "Sports Authority: What went wrong? Related: Store closings are the hottest trend in retail. Related: T. Maxx plans to open thousands of new stores.
But even retailers who are not in financial distress are closing their weaker performing stores. Personal Finance. Some have already shut down. Sports Authority filed for Chapter 11 bankruptcy in March , expecting to emerge a leaner, more competitive company.
But plans quickly changed, and the company began liquidating in May. Statewide, inventory is flying off the shelves much faster than it had before the Englewood-based company declared bankruptcy. The store at Front Range Village in Fort Collins is sold out of guns and kayaks, but there are still deals on clothes and footwear.
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