Wednesday, May 4, 2016

Sports Authority Announces All Stores Closing

We originally posted an article on Wednesday, March 2, 2016 that the Sports Authority chain had filed for bankruptcy protection. Sadly, they have announced plans to close all of their stores and liquidate their inventory and assets.

Sports Authority has changed direction and decided to try to sell off its assets rather than trying to reorganize under bankruptcy protection. Initially, the sporting goods chain, said it would close or sell about a third of its 463 stores but stay open as a more streamlined company. The company’s lawyers said it had changed its approach.

In addition to a Yonkers store at the Cross County mall, Sports Authority has a store in Elmsford.

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