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Sports Authority to close all remaining stores after failing to find buyer According to the Milwaukee Business Journal, going out of business sales will start before Memorial Day. The bankrupt company plans to nike b grade conduct going out of business sales at all of its locations that weren already slated to close, according to a new bankruptcy court filing 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. At the time of its bankruptcy filing the store had 14,500 employees, nearly two thirds of whom were part nike indoor soccer shoes time. But it has struggled with the debt load associated with that leveraged buyout a decade ago. It has been overtaken by Dick Sporting Goods, a more high end retailer. who wants to shop in a brick and mortar store and try on the baseball glove, or get the feel of a golf club, wants a better shopping experience, said Larry Perkins, of SierraConstellation Partners, an expert in retail reorganizations. said the store faced competition from big box stores, as well as online threats from Amazon and websites nike pegasus 33 run by major sports leagues like the NFL and NBA that sell team merchandise. think it safe to say they surrounded, with competitive forces pushing them from every direction, he said. RadioShack went bankrupt a year ago, and American Apparel filed in October, although both companies remain in business with fewer stores. But even retailers who are not in financial distress are closing their weaker performing stores. Among chains trimming locations are Walmart, Macy Kohl Target, Sears and Kmart.