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Sports Authority files for bankruptcy

4.5K views 50 replies 44 participants last post by  mazzgolf  
#1 ·
Can't say I'll miss them if they do close up the store near me. I hate that place. No hunting gear, fishing section is ridiculously small and gets smaller every year. Only thing I go in there for now is to get my licenses and permits and even then the last few times I went they couldn't work the machine (I actually walked out empty handed last time because they couldn't figure out how to tell the machine to sell me my license).

Sports Authority Files for Bankruptcy Protection - WSJ

Sports Authority Files for Bankruptcy; Plans to Eliminate 140 Stores - Fortune

Sports Authority Inc. on Wednesday filed for chapter 11 bankruptcy protection and said it would close 140 stores, as the big-box chain struggles with a shift to online shopping.

The retailer, which has about 450 stores, could shut down in the coming weeks unless it finds a buyer for the rest of its business, according to people familiar with the matter.
 
#3 ·
I'm not surprised. Brick and mortar stores are going the way of the dinosaurs. Most people purchase stuff online nowadays. I just ordered some more trail cameras online. I feel bad for their employees who now have to find jobs.
 
#13 ·
I use them for sports gear for the kids. They're very close and convenient for me to swing by to get what they need. I also buy GU and other energy products for riding there. My guess is that the one near us will remain open as they seem to do a good business. Who knows. It won't bother me much to ride up to Dicks for the same stuff. I guess I'll have a reason to look at the guns now.. lol
 
#15 ·
I didn't think Sports Authority was any better or worse than any of the other big chains (Dicks, Modells, etc...) they all sucked-especially for hunting and fishing gear. I played ice hockey for years growing up and always bought at either rink pro-shops or online because their selections were always terrible and they only offered low-end/middle of the road brands at best. Why would hunting and fishing be any different?
 
#17 ·
Most of these type stores (sports authority, dicks, models, etc..) turned into clothing stores over the years. But there's where the mark up is, in the soft line goods like clothing and sneakers. Most of the hard line goods like fishing reels, have a small mark up. Oh well, like someone else said, the big box stores will soon be a thing of the past..
 
#20 ·
I erected ... the steel for one of their stores. They screwed me out of 15k for extra work they signed for and requested. Above all that, the store never had anything anyone really wanted to buy. Only people I ever saw in there were obviously not schooled in what they were buying. I couldn't figure out how they stayed open as long as they did.
 
#22 ·
They just opened one by me over the summer. I was all excited because the closest dicks is 40 min away and all the mom and pop shop are way over priced with horrible service. I go in opening day, and am utterly disappointed, 2 isles of water sport stuff, and 2 isles of camping. That was it, They even gave me a $10 coupon off $15 or more spent and I didnt use it because I couldnt find anything I even wanted.
 
#25 ·
Several times I've gotten free 5 or 10 dollar gift certs from them - and each time I can never find anything I want to buy. Free money and I still have a hard time spending it. I end up buying mono fishing line most of the time since that's about all they carry anymore that I care about. Why they keep sending me this free money (not coupons, actual gift certs) I have no idea - maybe that's why they are going bankrupt - they can't pay people to shop there! They must have stayed in business due to their other departments - I can only guess they have killer margins on women's sports bras :)
 
#24 ·
Since I have been boycotting dicks for a few years now. A friend of mine who does not boycott dicks tells me that if we the sportsman/ outdoorsman do not support dicks that they may eventually become like the sports authority. Maybe he is right. Hate to see another pro outdoorsman store disappear. May have to call off my dicks boycott.
 
#28 ·
Sports authority started liquidating stores this week. Not all of them are going out of business. Tarhunt- Kohl's is only closing 16 stores out of an almost 1200 stores. Stores that sold winter clothing took a beating this year with the mild winter. Remember they were calling for an extremely cold winter so retailers loaded up and did not get a good sell through. Kohls also eliminated 3 executive positions. Sports Authority is actually eliminating entire markets where they are not competitive. They feel they can go lean and come out of the bankruptcy down the road that way.