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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
29/04
6 Points
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