With no buyer, Sports Authority to close all stores

Going-out-of-business sales will start before Memorial Day at Sports Authority’s remaining 450 stores nationwide.



The moves comes after the retailer, which filed for Chapter 11 bankruptcy protection in March, was unable to find a buyer.



According to the Denver Business Journal, Sports Authority could not reach agreement with lenders and creditors on a reorganization plan, and then failed to lure a bidder to buy most or all of its stores and operate them.



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