NEW YORK (AP) – Sports Authority, which filed for bankruptcy protection three months ago, is shuttering all 460 of its stores.
The sports retailer had only planned to close about 140 stores, but in a court document this week it outlined plans to shutter all of them.
The company based in Englewood, Colorado, said it will start discounting sneakers, clothing and other goods next week until the end of August.
Sports Authority told the bankruptcy court that it plans to sell its store leases in an upcoming auction.
As of March, the company had about 14,500 employees.
A representative for Sports Authority declined to comment.
CEO Michael Foss issued the following statement on Wednesday:
Dear Customers,
Sports Authority and its predecessor companies have been serving the sporting goods needs of our customers since 1919. It is with great sadness that we are intending to close all of our stores by the end of August.
We will be holding store closing sales at all of our locations that will allow you to take advantage of big discounts on great brands.
On behalf of the entire Sports Authority team, I would like to express our sincere appreciation to our customers for their years of loyalty. It has been a pleasure to serve you and your family.