Sports Authority, Founded 1928, Closing All Stores

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    May 01, 2016 8:09 PM GMT

    OMG, another brick and morter closing, this one just as big as Circuit City icon_eek.gif



    When Sports Authority closes all stores (chapter 11 bankruptcy), these retailers win
    http://www.latimes.com/business/la-fi-sports-authority-closing-20160427-story.html


    This month, Sport Chalet, a 57-year-old chain based in La Cañada Flintridge, said it was closing all 47 of its stores after years of financial troubles. And this week Sports Authority, which filed for bankruptcy protection in March, said it will ditch its reorganization plan and instead hold an auction for the company, potentially selling it off in pieces.


    Sports Authority Closing All Stores
    http://www.forbes.com/sites/lauraheller/2016/04/30/sports-authority-closing-all-stores/#1b5b8dff2203

    Say goodbye to Sports Authority. The sporting goods retailer will liquidate all stores and wind down operations in the coming months. It’s the final chapter in its quest to reorganize under Chapter 11 bankruptcy protection.

    Sports Authority notified the U.S. Bankruptcy Court that the company would be able to reorganize and would pursue a sale instead.

    That means all 450 stores will close.

    Sports Authority filed for Chapter 11 in March, saying at the time it would close 140 stores and two distribution centers.

    But the retailer is saddled with more than $1.1 billion in debt and won’t be able to reorganize.

    Sporting goods brands have been increasingly under pressure and consolidation within this category will likely increase. There is also talk that Bass Pro Shops is interested in buying Cabela’s.

    Sports Authority hasn’t updated its website to reflect this news, but consumers can expect sales and discounts to accelerate.
  • roadbikeRob

    Posts: 14395

    May 02, 2016 1:52 AM GMT
    Another retailer bites the dust. It won't be long before we hear the exact same news for both Sears and K Mart since they are losing money steadily and cannot attract anyone into their stores. They just cannot compete.
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    May 02, 2016 2:19 AM GMT
    I SHOP @ DICKS!!!
  • roadbikeRob

    Posts: 14395

    May 02, 2016 2:21 AM GMT
    2Bnaked saidI SHOP @ DICKS!!!
    +1icon_wink.gif
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    May 02, 2016 6:33 AM GMT
    its not like these companies grow or make anything. They just put stuff on shelves. We should not morn their passing. The stuff is available at a lower price on amazon, ebay or directly from the manufacturer's web site.
  • roadbikeRob

    Posts: 14395

    May 02, 2016 12:14 PM GMT
    pellaz saidits not like these companies grow or make anything. They just put stuff on shelves. We should not morn their passing. The stuff is available at a lower price on amazon, ebay or directly from the manufacturer's web site.
    There is one thorny problem, what are they going to do with all the single purpose suburban real estate that is emptied by these store closuresicon_question.gif
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    May 02, 2016 12:48 PM GMT
    pellaz saidits not like these companies grow or make anything. They just put stuff on shelves. We should not morn their passing. The stuff is available at a lower price on amazon, ebay or directly from the manufacturer's web site.

    Not exactly. The article notes that Dick's has salespeople knowledgable about their product lines to assist you. Our local Sports Authority does/did, as well.

    Now honestly, while I do prefer to go to smaller more specialized sporting goods stores myself, for things like golfing, biking, athletic shoes and so forth, many people do like the big stores to make things easier. And while I do buy online, it's for things I already know and for which I need no sales assistance.

    But there are times I want the assistance of a salesperson who knows their products. And to actually see and feel the thing for myself, maybe try the fit. Shoes are a perfect example of what I won't buy online. I'm sure I'm not alone in this.

    So I still see a need for some brick & mortar stores. We're not 100% online yet, nor would I want that.
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    May 02, 2016 1:21 PM GMT
    theantijock%20engage%20stalker%20reducti

    pellaz saidits not like these companies grow or make anything. They just put stuff on shelves. We should not morn their passing. The stuff is available at a lower price on amazon, ebay or directly from the manufacturer's web site.


    Only you can't try stuff on at a website. I learned of their bankruptcy on a trip there for a few new sets of goggles. When I find one that fits I buy a few so they last without having to run out again any time soon. And the only way to find a fitted pair is to try to them on (faces are different, goggles are different--not just by size but by shape--you want them comfy and not leaking), problem being that they change styles so often that the ones you bought one year aren't likely to be available long after that.

    Webshop what needs to be fitted?

    [url]http://www.amazon.com/s/ref=nb_sb_noss_1/190-5949340-4716419?url=search-alias%3Daps&field-keywords=swim+goggles[/url]

    Yikes. All that description doesn't tell me a fucking thing about whether a product is worth buying. Maybe one day a computer will scan your face and Amazon will send something custom fit, but until then--and I hate shopping--I need a store.
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    May 02, 2016 1:50 PM GMT
    roadbikeRob said
    pellaz saidits not like these companies grow or make anything. They just put stuff on shelves. We should not morn their passing. The stuff is available at a lower price on amazon, ebay or directly from the manufacturer's web site.
    There is one thorny problem, what are they going to do with all the single purpose suburban real estate that is emptied by these store closuresicon_question.gif

    Well, in South Florida they turn them into condos, or apartments. Or a few other adaptations.

    Most of our retail stores here (strip, indoor or standalone) are owned by property companies, that lease the retail space. Even to the biggest national chains. So that when the national chain leaves, the property owner finds a new use for the space. Renovate, or tear down and rebuild.
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    May 02, 2016 5:25 PM GMT
    What will Mile High stadium be called?
  • carew28

    Posts: 662

    May 02, 2016 7:23 PM GMT
    roadbikeRob saidAnother retailer bites the dust. It won't be long before we hear the exact same news for both Sears and K Mart since they are losing money steadily and cannot attract anyone into their stores. They just cannot compete.


    I think Sears and K Mart have a better chance of surviving this Recession than Sports Authority had. Sports Authority relied mostly on expensive, brand-name, sports merchandise for its sales. People who are hard-up for money tend to stop patronizing these kinds of specialty stores, and they then turn to places like Sears & K-Mart (as well as Walmart) to get the same sort of merchandise at less expensive prices.

    I also think that Sports Authority depended a lot on the high-school and college kids for its patrons, who nowadays don't have as much spending-money as in the past. Sears, K-Mart, Walmart, etc. depend more on adults, who are likely short of money, but nevertheless have to do a certain amount of buying, and are looking for bargains.

    Sears also sells some pretty timeless merchandise, like tools, workshoes & boots, appliances (refrigerators, stoves, washing-machines & dryers, beds, luggage, etc.) that ought to keep them going. K-Mart & Walmart are discount department stores that sell basic merchandise at lower prices, and this may help them to ride out the Recession.

    I know that high-school & college kids hate to shop at places like Walmart, K-Mart, and Sears. You rarely see them in there, especially in the affluent suburbs. They head for the more expensive, fashionable, specialty stores. But these places are going to be the hardest hit in the Recession, when people are trying to save money, and looking for bargains.
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    May 02, 2016 9:38 PM GMT
    pellaz saidits not like these companies grow or make anything. They just put stuff on shelves. We should not morn their passing. The stuff is available at a lower price on amazon, ebay or directly from the manufacturer's web site.


    Yet another Liberal who supports people on the government dole instead of working.
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    May 02, 2016 10:34 PM GMT
    ^ My thoughts exactly. icon_rolleyes.gif

    ...except for the liberal part. Survival of the fittest perspectives are usually the realm of conservatives.
  • tj85016

    Posts: 4123

    May 02, 2016 10:51 PM GMT
    this will continue, the US is probably over-retailed by 25% in almost every category
  • roadbikeRob

    Posts: 14395

    May 03, 2016 1:42 AM GMT
    carew28 said
    roadbikeRob saidAnother retailer bites the dust. It won't be long before we hear the exact same news for both Sears and K Mart since they are losing money steadily and cannot attract anyone into their stores. They just cannot compete.


    I think Sears and K Mart have a better chance of surviving this Recession than Sports Authority had. Sports Authority relied mostly on expensive, brand-name, sports merchandise for its sales. People who are hard-up for money tend to stop patronizing these kinds of specialty stores, and they then turn to places like Sears & K-Mart (as well as Walmart) to get the same sort of merchandise at less expensive prices.

    I also think that Sports Authority depended a lot on the high-school and college kids for its patrons, who nowadays don't have as much spending-money as in the past. Sears, K-Mart, Walmart, etc. depend more on adults, who are likely short of money, but nevertheless have to do a certain amount of buying, and are looking for bargains.

    Sears also sells some pretty timeless merchandise, like tools, workshoes & boots, appliances (refrigerators, stoves, washing-machines & dryers, beds, luggage, etc.) that ought to keep them going. K-Mart & Walmart are discount department stores that sell basic merchandise at lower prices, and this may help them to ride out the Recession.

    I know that high-school & college kids hate to shop at places like Walmart, K-Mart, and Sears. You rarely see them in there, especially in the affluent suburbs. They head for the more expensive, fashionable, specialty stores. But these places are going to be the hardest hit in the Recession, when people are trying to save money, and looking for bargains.
    K Mart cannot compete against either Wal Mart or Target. It is struggling mightily and many people avoid it all together. It is a junk store much like Ames and it is heading in the same direction.
  • Posted by a hidden member.
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    May 03, 2016 1:45 AM GMT
    Barneys New York @ Fashion Square in Scottsdale closed 2 days ago.

    Looks like more will shut down.
  • Blue81

    Posts: 25

    May 03, 2016 5:08 PM GMT
    tj85016 saidthis will continue, the US is probably over-retailed by 25% in almost every category


    I agree. I haven't shopped at Sports Authority in years because there are so many other stores that I prefer for sporting goods in the area over Sports Authority.

  • May 04, 2016 5:50 PM GMT
    2Bnaked saidI SHOP @ DICKS!!!


    It's a good store!
  • carew28

    Posts: 662

    May 04, 2016 7:41 PM GMT
    roadbikeRob said
    carew28 said
    roadbikeRob saidAnother retailer bites the dust. It won't be long before we hear the exact same news for both Sears and K Mart since they are losing money steadily and cannot attract anyone into their stores. They just cannot compete.


    I think Sears and K Mart have a better chance of surviving this Recession than Sports Authority had. Sports Authority relied mostly on expensive, brand-name, sports merchandise for its sales. People who are hard-up for money tend to stop patronizing these kinds of specialty stores, and they then turn to places like Sears & K-Mart (as well as Walmart) to get the same sort of merchandise at less expensive prices.

    I also think that Sports Authority depended a lot on the high-school and college kids for its patrons, who nowadays don't have as much spending-money as in the past. Sears, K-Mart, Walmart, etc. depend more on adults, who are likely short of money, but nevertheless have to do a certain amount of buying, and are looking for bargains.

    Sears also sells some pretty timeless merchandise, like tools, workshoes & boots, appliances (refrigerators, stoves, washing-machines & dryers, beds, luggage, etc.) that ought to keep them going. K-Mart & Walmart are discount department stores that sell basic merchandise at lower prices, and this may help them to ride out the Recession.

    I know that high-school & college kids hate to shop at places like Walmart, K-Mart, and Sears. You rarely see them in there, especially in the affluent suburbs. They head for the more expensive, fashionable, specialty stores. But these places are going to be the hardest hit in the Recession, when people are trying to save money, and looking for bargains.
    K Mart cannot compete against either Wal Mart or Target. It is struggling mightily and many people avoid it all together. It is a junk store much like Ames and it is heading in the same direction.



    I don't know how K-Mart is doing nationally, but there's a local K-Mart within walking distance of my house that's been there for about 40 years or so, and it's doing okay, although several other stores in the same shopping plaza have closed down. I think the thing that keeps K-Mart going is it's wide selection of merchandise at moderate prices. It's a smaller version of Walmart. It's got more of a selection of merchandise than Ocean State. It's prices for packaged groceries and cosmetics (health & beauty aids) are a bit less expensive than CVS, Walgreen's, or the local supermarkets. These are basic things that everyone needs to buy. They also sell cheap clothes, hardware, & appliances. I'm in there maybe about twice monthly.The shopping plaza is mostly patronized by neighborhood people, and isn't large enough to support a Walmart.

    True, K-Mart loses out to Walmart & Target in the suburban malls, and can't compete with them. But in smaller urban shopping-centres in run-down lower-income areas, K-Mart fills a niche and might be able to hang on.

    I wouldn't call it a junk store. The merchandise isn't fashionable, but it's cheaper than elsewhere, and it's basic stuff that everyone has to buy. I imagine it might be struggling, but just about everywhere else is, too. If it closed down, I'm guessing the business would go to Ocean State (also in the same plaza), which would benefit. But Ocean State doesn't carry as wide a variety of merchandise.