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Sports Authority files for Chapter 11 Wednesday, plans to shutter 140 stores – 7 in Arizona

The bankruptcy of Sports Authority has been looming since January, when the company disclosed that it had missed a $20 million debt payment. The store closings will take place over the next three months. The bankruptcy filing will allow it to break leases for money-losing stores. As part of the restructuring, the Company has identified …

Sports Authority files for Chapter 11 Wednesday, plans to shutter 140 stores – 7 in Arizona Read More »

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