Retailers will reap the biggest benefits from Sports Authority's new plan to liquidate its assets in bankruptcy, according to Fabian Wealth Strategies portfolio manager Christopher Versace, but they won't be the only beneficiaries as vendors will also
Sports Authority annual revenues hover around $2.7 billion, which is roughly the same as it was in 2006. After filing for Chapter 11 bankruptcy last month, competitors like Dick's Sporting Goods and Modell's showed interest in picking up some of Sports
The company “will not be able to reorganize under a plan, but will instead pursue a sale,” a lawyer for Sports Authority said at a hearing last week. So the company is offering up almost all of its assets at a court supervised auction on May 16
Sports Authority retail space in Memphis and Southaven should be relatively easy to fill if the national chain files for bankruptcy, a commercial real estate broker said Monday. The big-box sporting goods company headquartered in Colorado operates four
Once one of the largest sports retail chains in the country, Sports Authority lost territory over the years to outlets like Dick's Sporting Goods and REI. The retailer filed for bankruptcy in March and may have to close over 450 stores nationwide.