ENGLEWOOD, CO (WCMH) — Sports Authority announced that it will be closing the doors of all its retail stores nationwide.
The sporting goods retail chain filed for Chapter 11 bankruptcy last month, originally saying it would close 140 stores and two distribution centers. Two central Ohio stores were on that list of closures.
But now, a Sports Authority officials said in US bankruptcy court that the company will not be able to reorganize and will pursue a sale instead. The retail chain is carrying just over $1 billion in debt.
Sports Authority will liquidate all stores and close down operations in the months ahead.
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