Browse Tag: sports authority

Sports Authority Goes Chapter 11, To Close 140 Stores

English: Sports Authority Corporate Offices in...

Englewood, CO-based sporting goods chain Sports Authority has ushered in the first major bankruptcy in the US 2016 retail sector. After news in January of the chain missing a $20 million debt coupon payment on a underlying debt reported at the time at $1 billion, today the company announced plans to shutter its 140 stores and two distribution centers, affecting 3,400 of its approximately 15,000 employees with layoffs.

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