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Sporting goods chain eyes bankruptcy filing
Sports Authority is taking steps towards filing for Chapter 11 bankruptcy protection, according to Bloomberg.
The retailer has a debt payment due in 10 days and in talk with its lenders about a reorganization plan under which it would close as many as 200 of its more than 450 stores, the report said.
Sports Authority reportedly skipped a $20 million in interest payment in January on a $343 million loan. It has 10 days to make the payment.
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Report: Sporting goods chain eyes bankruptcy filing
Sports Authority is taking steps towards filing for Chapter 11 bankruptcy protection, according to Bloomberg.
The retailer has a debt payment due in 10 days and in talk with its lenders about a reorganization plan under which it would close as many as 200 of its more than 450 stores, the report said.
Sports Authority reportedly skipped a $20 million in interest payment in January on a $343 million loan. It has 10 days to make the payment.

