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: : 09/22/2017 - 08:32

We talk with Eric about all the changes at Smith, including being in the spotlight at parent company Safilo, ambitious new targets for Smith eyewear, and an update on the snow business

Last updated: : 09/21/2017 - 07:11

Walking the store floor with the family owners and the buying team at the very important core account in Jacksonville Beach, Florida

Last updated: : 09/20/2017 - 16:02

The hiring of Michael Marckx as Global GM for VonZipper this week signals more than just a new leader for the sunglass brand

Last updated: : 09/19/2017 - 08:51

The retail landscape continues to evolve, with several new developments this week

Last updated: : 09/18/2017 - 19:44

The former Spy Inc. CEO joins the Billabong Group and will work with Founder Greg Tomlinson

Last updated: : 09/18/2017 - 11:55

A talk with Tactics Co-Founder Matt Patton and Retail Director Adam Gerken about the new store in Bend, what's working in skate and snow, and the state of online retail

Last updated: : 09/15/2017 - 14:17

A business conversation about Hydro Flask's continued growth, approach to new products, advice for young brands, and how the company’s motto -- “Saving the World From Lukewarm” -- plays out in every aspect of its business.

Last updated: : 09/13/2017 - 14:59

Marcato is nominating a slate of 10 candidates for the company’s board of directors, including former executives at L.L. Bean, Toys ‘R’ Us, Ralph Lauren, Justice, and Michael Kors

Last updated: : 09/13/2017 - 09:02

We talk with Debbie Harvey and key members of her buying and planning team, Emma White-Pryor and Todd Gerkens, about what is working at Ron Jon stores and how the key summer selling season went

Last updated: : 09/12/2017 - 12:09

We check in with Florida retailers to see how they have been impacted by the storm