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

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
Westfield Santa Anita and Unibail Rodamco Westfield CEO Jean-Marie Tritant (Unibail Rodamco Westfield)
Westfield Santa Anita mall sells for $538M
Westfield Santa Anita mall sells for $538M
Westfield to shed SoCal malls, 12M sf of retail by 2024
Westfield to shed SoCal malls, 12M sf of retail by 2024
Westfield to shed SoCal malls, 12M sf of retail by 2024
AMC Santa Monica 7 (Los Angeles Theatres/Photo Illustration by Steven Dilakian for The Real Deal)
Pustilnikov, Dromy buy AMC theater in Santa Monica
Pustilnikov, Dromy buy AMC theater in Santa Monica
Taiwanese investor buys Arcadia complex for $39M
Taiwanese investor buys Arcadia complex for $39M
Taiwanese investor buys Arcadia complex for $39M
Rexford buys into gap left by Mitsuwa’s move to South Bay mall
Rexford buys into gap left by Mitsuwa’s move to South Bay mall
Rexford buys into gap left by Mitsuwa’s move to South Bay mall
The Ratkovich Company Founder Wayne Ratkovich with renderings of West Harbor (West Harbor, Ratkovich)
Seven tenants announced for San Pedro’s West Harbor project, including Yamashiro
Seven tenants announced for San Pedro’s West Harbor project, including Yamashiro
(Facebook via Baldwin Hills Crenshaw)
Harridge buys Baldwin Hills Crenshaw Plaza; eyes $1B overhaul
Harridge buys Baldwin Hills Crenshaw Plaza; eyes $1B overhaul
LA city council to mull requiring vaccine proof at indoor venues
LA mulls vaccine mandate for indoor spaces
LA mulls vaccine mandate for indoor spaces
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...