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Sports Authority Files For Bankruptcy, Will Close One Third Of Its Stores
Zero Hedge ^ | 03/02/2016 | Tyler Durden

Posted on 03/02/2016 9:04:20 AM PST by SeekAndFind

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1 posted on 03/02/2016 9:04:20 AM PST by SeekAndFind
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To: SeekAndFind

Wow, and we’re not even in “Recover Summer VIII” yet.


2 posted on 03/02/2016 9:06:52 AM PST by fwdude
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To: SeekAndFind

I’ve always seen it as an overpriced worthless store. A little of a lot, not enough of anything. I see Dick’s much the same way.


3 posted on 03/02/2016 9:08:58 AM PST by .45 Long Colt
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To: SeekAndFind

Haven’t been in one since they stopped selling guns.
Oh Well.
Buh Bye.


4 posted on 03/02/2016 9:09:00 AM PST by Joe Boucher
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To: SeekAndFind
Don't worry, it's just a restructure.
Nobody will really be hurt...
5 posted on 03/02/2016 9:11:01 AM PST by gov_bean_ counter (Trump to McCain - "Pass the strawberries".)
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To: .45 Long Colt

A lot of times these sport team endorsements, etc, are for the ego of the company owner, who gets tickets, gets to sit in a luxury box, etc. Often they don’t give a good financial return to the company, though.


6 posted on 03/02/2016 9:12:02 AM PST by Fido969 ("The hardest thing in the world to understand is income taxes" - Albert Einstein)
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To: .45 Long Colt

I seldom go into “sports” stores anyway because they usually are overpriced, and I don’t buy that much sport stuff.

Academy is my only exception. Their gun shop is usually well-stocked, and prices are decent.


7 posted on 03/02/2016 9:13:43 AM PST by fwdude
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To: SeekAndFind

I liked it when it was Gart Brothers.


8 posted on 03/02/2016 9:15:42 AM PST by MileHi (Liberalism is an ideology of parasites, hypocrites, grievance mongers, victims, and control freaks.)
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To: fwdude

Yep, when Academy opened here Sports Authority folded within a month or two......and should have. Academy is twice the store IMO.


9 posted on 03/02/2016 9:16:15 AM PST by V_TWIN
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To: SeekAndFind
Bush's FaultTM
10 posted on 03/02/2016 9:18:07 AM PST by PROCON
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To: SeekAndFind

Sports Authority is like the Target sports section, but it takes up an entire store.

It’s just pitiful.

Academy Sports is WAAAAAAAAAAAAAAAAAAAAAAY better.


11 posted on 03/02/2016 9:20:16 AM PST by chris37 (heartless)
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To: SeekAndFind

It seems that many major retailers have reported big problems recently.

Yet Obama crows about an unemployment rate under 5% and says the economy is humming along.

And total retail sales are in the tank from what we hear.

Yet Obama says all is well.


12 posted on 03/02/2016 9:21:38 AM PST by Dilbert San Diego
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To: SeekAndFind

Does that mean the Bronco’s Sports Authority Stadium will henceforth be called “Bankruptcy Stadium”?


13 posted on 03/02/2016 9:21:49 AM PST by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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To: fwdude

It’s difficult to blame this one on the economy, IMHO.

I think it’s more a business trend toward internet shopping and difficulty paying the big overhead on these specialty stores.


14 posted on 03/02/2016 9:22:16 AM PST by nascarnation (RIP Scalia. Godspeed)
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To: .45 Long Colt
Was Mitt Romney the founder of Sports Authority? If not, who founded it?
15 posted on 03/02/2016 9:22:18 AM PST by SubMareener (Save us from Quarterly Freepathons! Become a MONTHLY DONOR!)
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To: SeekAndFind

Zero to $50,000 in assets and $1 million to $10 million in liabilities? (from the petition) Doesn’t sound like there is much to reorganize. They actually show a lot more than that in unsecured debt.


16 posted on 03/02/2016 9:24:39 AM PST by PAR35
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To: SeekAndFind
According to the Trumo fans, corporate bankruptcies are a good thing!
17 posted on 03/02/2016 9:24:56 AM PST by Johnny B. (Donald Trump: the choice of the Jerry Springer generation!)
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To: .45 Long Colt

“I’ve always seen it as an overpriced worthless store. A little of a lot, not enough of anything. I see Dick’s much the same way.”

I once embarrassed my myself and my husband in Dicks when I found something I had been looking for and I said out loud, “I just love Dicks.”


18 posted on 03/02/2016 9:25:57 AM PST by LydiaLong
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To: .45 Long Colt

Dicks has some decent ammo specials. They can keep the rest of their stuff.


19 posted on 03/02/2016 9:31:13 AM PST by showme_the_Glory ((ILLEGAL: prohibited by law. ALIEN: Owing political allegiance to another country or government))
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To: nascarnation
I think it’s more a business trend toward internet shopping and difficulty paying the big overhead on these specialty stores.

Perhaps, but I don't think there will ever be a substitute for trying on clothes/gear before buying it. We are still an instant gratification society, and the mail-order catalog giants of the past still didn't crush the need for brick-and-mortar stores. In fact, Montgomery Ward, which started exclusively as mail order, went to retail stores anyway.

20 posted on 03/02/2016 9:32:32 AM PST by fwdude
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