Sports Authority filed for bankruptcy early Wednesday, saying it will close 140 stores- nearly a third of its total
Sports Authority follows the recent retail giant trend–floundering financially and closing stores. The company will close about 140 of its 463 stores. The retailer filed for Chapter 11 protection in federal bankruptcy court in Delaware, a move aimed to help shed debt and clean up balance sheets.
The stores’ closings will take place over the next three months. The bankruptcy filing will allow … More
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