Comment on Sports Authority Files for Bankruptcy: 450-Store Closure Could Leave 14,500 People Jobless

Sports Authority Files for Bankruptcy: 450-Store Closure Could Leave 14,500 People Jobless

Outdoor apparel giant Sports Authority has filed for Chapter 11 bankruptcy protection and the retail chain could close all or most of its 450 stores nationwide as it struggles to pay off a reported $1 billion debt. Sports Authority is “pursuing a sale of some or all of the business,” a company statement said.

 

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