Friday, May 20, 2016

The Death of the Great American Sporting Goods Store

 Three weeks ago, though, Sports Authority decided to liquidate instead of restructure; a spokesperson told Racked it was "pursuing a sale of some or all of the business." On Monday, the sports giant began auctioning off its assets. The winning bid belonged to a trio of liquidators (Hilco Global, Gordon Brothers, and Tiger Capital Group; Tiger Capital is also liquidating 41 AĆ©ropostale stores in Canada), which will operate the company's going-out-of-business sales at all of its locations.

Sports Authority isn't alone. Last month, Vestis Retail Group, the parent company of Eastern Mountain Sports, Bob's Stores, and Sport Chalet, filed for bankruptcy.. . . more

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