Sports Authority Is Shuttering All Stores Amid Bankruptcy
NEW YORK (AP) — Sports Authority, which filed for bankruptcy protection three months ago, is shuttering all 460 of its stores.
The sports retailer had only planned to close about 140 stores, but in a court document this week it outlined plans to shutter all of them.
The company based in Englewood, Colorado, said it will start discounting sneakers, clothing and other goods next week until the end of August.
Sports Authority told the bankruptcy court that it plans to sell its store leases in an upcoming auction.
As of March, the company had about 14,500 employees.
A representative for Sports Authority declined to comment.
(© Copyright 2016 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)