Athletes, take note: LA may soon lose another sporting goods chain

Sports Authority will be selling the bulk of its 450+ stores

TRD LOS ANGELES /
May.May 03, 2016 01:00 PM

Sporting goods stores, it seems, are going the way of the dodo.

Sports Authority, the national sporting goods chain, announced last week that it will be closing additional stores following its bankruptcy filing in March in order to pay back more than $1.1 billion in debt. The company will not be pursuing reorganization and exiting bankruptcy, its lawyer Robert Klyman told a judge Tuesday.

There are about a dozen Sports Authority stores in the Los Angeles area, according to its online store locator. It’s unclear when or how many of these will shutter. The L.A. County locations include stores at 1919 South Sepulveda Boulevard in West L.A., 4950 Faculty Avenue in Lakewood and 6346 Pacific Coast Highway in Long Beach.

An auction for most of Sports Authority’s holdings and operations — more than 450 nationwide — will take place May 16, the Wall Street Journal reported. Klyman said that liquidators may come in, and there are no guarantees any of the stores will remain open.

This announcement comes just weeks after West Coast sporting goods chain Sports Chalet announces its mass closings — all 47 of its stores will shutter.

Remaining stores that sell athletic gear, like the Big 5 Sporting Goods chain, could reap the benefits of the recent terminations. [WSJ] Cathaleen Chen


Related Articles

arrow_forward_ios
Space Investment Partners co-founders Mark Moshayedi and Ryan Gallagher with Westport Plaza (Credit: Connect California)

Playing small mall: New firm picks up shopping center in Costa Mesa

DH Holdings founder David Horenstein and Conejo Gateway

Local firm plans to expand Thousand Oaks retail plaza after $18M purchase

Hollywood & Highland, Gaw Capital Chairman Goodwin Gaw and DJM founder John Miller

CIM Group sells Hollywood & Highland mega-complex for $325M: sources

Rick Edwards, partner at Seagrove Property Group and the property

Foreign investor drops $13.7M on fully leased shopping center in San Gabriel Valley

Fabio Conti and the retail centers (Credit: Facebook)

Real estate’s on the menu for Fabio Conti, as restaurateur buys 2 retail centers

Sterling Organization CEO Brian Kosoy and the two Melrose Avenue properties

Sterling Organization buys retail portfolio along booming Melrose Avenue

Capital Square 1031 CEO Louis Rogers and 530 West Covina Parkway (Credit: 42 Floors)

Gym work out: 24 Hour Fitness-leased property in West Covina has new owner

An empty big-box store (Credit: iStock)

Big-box store closures in Q1 clear out retail space in LA: report

arrow_forward_ios