Sports Authority files for Chapter 11 bankruptcy; announces closure of 143 stores

ESCONDIDO, Calif. — Retailer Sports Authority has filed for Chapter 11 bankruptcy at the United States Bankruptcy Court, District of Delaware. The company will be closing 143 stores in 27 states including 24 in Texas, 19 in California and only one in Michigan — Clinton Township, 33930 S Gratiot Ave. Here is a complete list of store closings from CNN.com. About 300 stores will remain in business following the closures. Liquidation sales are set to begin this Friday at the affected stores.

 

Here’s a statement from Sports Authority CEO Michael Foss:

Dear Sports Authority Customers,

During the past several months, we have been working very hard to adapt our business to better meet the needs of our customers. We are committed to evolving as a company so we are able to continue to offer the best brands at great values – both in our stores and on our website, sportsauthority.com

With these goals in mind, we have decided to utilize the Chapter 11 process to implement a financial and operational restructuring that we believe is necessary to help us become an even better place for our customers to shop for sporting goods.

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The Sports Authority at 1352 W Valley Pkwy. in Escondido, Calif. is among the stores slated to close. (Jason Rzucidlo/AmericaJR.com)

Due to the changing retail environment, we have a long-term plan to streamline and strengthen our business so we can continue to make necessary investments in our operations, including upgrading our in store experience and enhancing our website. As part of that plan, we have identified approximately 140 stores that we intend to close or sell in the coming months. This was a tough decision to make, but we believe it was a necessary step in our plan to make Sports Authority an even better partner for our customers. The store closings will occur over the next three months.

While no stores are being shut immediately, if the store where you regularly shop is ultimately closed, you can use the Store Locator on our website to find the nearest Sports Authority location. In addition, you always can find all of our brands at the same great values online at sportsauthority.com

Most importantly, I want to emphasize that our customers should not be affected by this restructuring process.

  • We do not expect there to be any impact on gift card balances or your ability to use gift cards at our stores or online at this time.
  • In addition, there should be no changes to our return/exchange policies at our go-forward stores or our customer loyalty program, The League.
  • If you have a warranty on a product you bought at Sports Authority, it is still in effect for the same period of time.
  • Finally, this should have no impact on the way you use your Sports Authority credit card or pay your bill.

In short, we are continuing to operate our stores and website, and we remain fully committed to delivering value and great brands wherever you shop at Sports Authority.

If you have any questions, or would like more information about the Chapter 11 case, including access to Court documents, please visit www.kccllc.net/sportsauthority or call the information line at:

 

Thank you for your continued support!

Sincerely,


Michael Foss
Chief Executive Officer

 

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Going out of business sales are expected to begin on Friday, March 4. (Jason Rzucidlo/AmericaJR.com)

Here is a complete list of store closings from CNN.com.

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