Sports Authority officially announces closure of all of its stores
MANCHESTER - The nation's largest sporting good retailer will shutter all its stores, including four in New Hampshire.
Sports Authority plans to conduct going-out-of-business sales at all of its stores, including the ones in Salem, Manchester, Nashua and Amherst, according to new bankruptcy court filings in Delaware.
When it filed for bankruptcy in March, the company said it would close only 140 of its 450 stores. But when it failed to reach a deal with creditors and lenders, it announced it would sell all its assets. Still, there was some hope that it might find a buyer who would keep the chain running, reported CNN Money.
Details about when the remaining stores will shut down were not disclosed in the filing. A company spokeswoman had no comment.
At the time of its bankruptcy filing the store had 14,500 employees, nearly two-thirds of whom were part-time.