Skip to content Skip to navigation

Good Bye Sports Authority

Print Friendly and PDF

Sports Authority begins liquidation sales at all of its approximately 450 stores today as the sporting goods retailer prepares to close up shop.

Originally, the industry customer had hoped to reorganize during the bankruptcy process and emerge largely intact, though with fewer stores.

When that didn’t pan out, it worked to sell the business to another sporting goods retailer. However, no bidders emerged.

In the end, a group of liquidators bought the company’s inventory during an auction this month, according to court documents.

The disappearance of a large account like Sports Authority is troubling for some industry companies, especially those in the snow industry. Sports Authority was the largest account in North America for some snow companies, which sold many millions of dollars' worth of goods to the retailer each year.

Industry companies listed as some of Sports Authority’s largest unsecured creditors included Burton, which Sports Authority owed $3.9 million; K2, $2.5 million; and Rip Curl, $2.5 million, according to court documents.

Large athletic brands were owed the most money, however. According to the court documents, Sports Authority owed Nike $47.9 million, Asics $23.3 million, and Under Armour $23.2 million.

While not the largest creditors, lots of industry brands sold to Sports Authority including Body Glove, Dakine, Hurley, Sanuk, Dragon, Stance, Dakine, Quiksilver, DC Shoes, Neff, Oakley, Vans, Reef, The North Face, Timberland, the Wheat Group, Smith, Skate One, Raj Manufacturing, Manhattan Beachwear, Spy, Saxx Underwear, Maui Jim, Leatherman Tool Group, JanSport, Wasserman Media Group and Lifeproof, according to court documents.

The liquidiation sales are expected to last until Aug. 31, according to court documents.




More news

Last updated: : 02/22/2018 - 19:45

Details about Billabong's half-year results around the world, including how the Billabong, RVCA and Element brands performed in each region

Last updated: : 02/22/2018 - 14:34

We unpack the results of Volcom's #ThisFirst campaign with Ryan Immegart, including what they learned trying to target new audiences, and marketing stratetgy changes they are making overall given the rapidly evolving landscape

Last updated: : 02/21/2018 - 09:42

Hurley is finally putting more resources into its women's business, and has relaunched the line with a new strategy and new modern aesthetic

Last updated: : 02/20/2018 - 08:34

A talk with Kent Untermann, the owner of the high-volume footwear account Island Sole, about the changing retail landscape and the particular challenges of retail in Hawaii

Last updated: : 02/16/2018 - 09:14

It’s hard to believe that Vans' results could keep getting better, but that’s exactly what happened - we have all the details on their global and regional numbers

Last updated: : 02/15/2018 - 11:14

We asked Global Director of Marketing Danielle McKenzie about the strategy behind the new marketing push and how it will be executed

Last updated: : 02/14/2018 - 15:50

Billabong reveals why staying independent is riskier than selling to Boardriders, including details about larger market conditions and Billabong's own internal challenges

Last updated: : 02/13/2018 - 13:10

A look at Volcom's top and bottom line as parent company Kering looks to sell the brand to focus on its luxury business

Last updated: : 02/12/2018 - 10:06

Friends and colleagues remember Boardriders CEO Pierre Agnes

Last updated: : 02/09/2018 - 12:44

A moving, inspirational and crowded memorial service was held for Boardriders CEO Pierre Agnes Friday morning in his beloved hometown of Capbreton, France