Wednesday, April 20, 2016

Why Are So Many Sporting Goods Stores Going Bankrupt?

Image result for sport chalet going out of business196. That’s the number of sporting goods stores that are set to close after two retail companies filed for bankruptcy in recent weeks. While the failures ofVestis Retail Group — the operator of retailers Eastern Mountain Sports, Sport Chalet, and Bob’s — and Sports Authority were accelerated by mountains of debt both incurred in recent years, there’s more at work when it comes to the apparent demise of sporting goods retailers.

While retailers like Dick’s Sporting Goods and REI seem to be riding the top of the sporting good hierarchy with billions of dollars in sales each year, other retailers like Sports Authority and Sport Chalet are being pushed out of what has become a more saturated market.. . . more

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