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Sports Authority Going Out of Business Sale Starts May 25 - Closing All Stores by August 31, 2016

submitted on February 10, 2016 by HouTex in "Stores / Merchants", last updated on May 24, 2016 by HouTex
See the latest update in comments. They have been unable to find a buyer, and will now close all stores.

Sports Authority is negotiating with creditors as the clock ticks on a $20 million interest payment that it skipped last month on its $343 million of subordinated debt. It’s been talking to holders of those bonds about accepting a loss in exchange for other securities. The company would be able to stave off a bankruptcy filing if it reaches a deal with the bondholders.

The retailer, once the biggest sporting-goods chain in the U.S., is also mapping out a plan to close as many as 200 of its more than 450 stores under the bankruptcy plan.

Today Dick’s Sporting Goods is the largest sporting-goods chain, with $6.8 billion in revenue in fiscal 2015 and 645 stores. Nine years ago, the two were neck and neck in revenue.

Sports Authority has cut about 100 jobs so far, mostly from its Englewood corporate headquarters.

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  • 226015
    23 14 8
    12 10 2
    Posted by CouponNut on February 22, 2016
    [reply] 1 0
    There was a sign at a local Sports Authority this weekend that said the store will be closing which makes sense since the store is as big as a warehouse and hardly any customers.
  • 226032
    10 8 2
    Posted by 2kidsnuts on February 22, 2016
    [reply] 1 0
    No stores in my area anyways.
  • 228021
    Posted by HouTex on April 20, 2016 [reply] 0 0
    Why? Consumerist posted their view at
  • 228029
    Posted by YanBz on April 20, 2016 [reply] 0 0
    We had two stores in our area, the consolidated into one last year. This last store never has any customers whenever I come.
  • 228123
    11 6
    Posted by StarWarrior on April 23, 2016
    [reply] 3 0
    Dick's sporting goods is taking over.
  • 228124
    9 4
    Posted by Pennydaze on April 23, 2016
    [reply] 3 0
    Prefer Dicks sporting goods over any other store for sports wear.
  • 228197
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    12 10 2
    Posted by mdshopper1 on April 25, 2016 [reply] 0 0
    we have one in our area and it seems to do well. i have a $25 gift card for the store so maybe i should think about using it?
  • 228946
    Posted by HouTex on May 20, 2016
    [reply] 1 0
    Now is the time to redeem all Sports Authority gift cards. The chain has been unable to find a buyer, and now plans to begin closing all stores around May 25, 2016, ending around August 31, 2016. But the sales that begin just before Memorial Day and conclude before Labor Day may not offer deals as good as you have seen in the past.

    According to Consumerist
    At first, you’ll generally see merchandise marked up to its full retail value, which is not necessarily what you would have paid before the liquidation sale. Then the markdowns begin, ending when there’s nothing left but dregs from the warehouse for 90% off, and the shelves and fixtures are for sale.
    • clover
      1 6 7
      12 11 2
      Posted by clover on May 21, 2016 [reply] 0 0
      The store by me just has fixtures left for sale.
  • 229081
    Posted by HouTex on May 26, 2016 [reply] 0 0
    Additional updates:

    Warranties for merchandise purchased at a Sports Authority store or online will be covered by Asurion without change or interruption. Call 1-866-882-8512. The website is

    Exchanges or returns can only be made at a Sports Authority store through June 25th, 2016.

    Sports Authority gift cards can no longer be purchased, but will be honored through June 28th, 2016.

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