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Money Why Sports Authority is throwing in the towel and closing all of its stores

When struggling retailer Sports Authority filed for Chapter 11 bankruptcy last month in the face of more than $1 billion in debt, the company indicated that it had two options going forward.One of those was to shed underperforming stores and emerge from bankruptcy as an intact, but pared-down company. Just last week, Sport Chalet announced the closure of all 47 of its stores in California, Nevada and Arizona.
San Jose Mercury News
6 Points

Money Sport Chalet plans to close all stores; 2 in Bay Area

Most of its stores are in California, with a few in Nevada and Arizona.The Pleasanton store is in the Metro 580 Shopping Center on Rosewood Drive; the San Jose store is in the Eastridge Shopping Center. In March, Sports Authority announced it would file for Chapter 11 bankruptcy protection and close some California locations.Sports Chalet was founded in 1959 in La Cañada, near Pasadena, where the company is headquartered, and has roots in Orange County, according to the company's website.
San Jose Mercury News
21 Points