Sports Authority is a sporting goods retailer offering footwear, apparel, fitness, team sports and outdoor recreation. Sports Authority is headquartered in Englewood, CO. Originally founded in Lauderdale Lakes, Florida, Sports Authority opened it’s first store in 1987. The company was acquired by Kmart in 1990 and by 1995 The Sports Authority expanded and spun off it’s parent company. Gart Sports merged with Sports Authority in 2003 and by May 2006, all stores operated under the Sports Authority name.
The Sports Authority first disclosed that it was struggling financially in January 2016 when it had missed a $20 million debt payment. At the beginning of March Sports Authority planned to file chapter 11 bankruptcy to reorganize debts and close
The Sports Authority first disclosed that it was struggling financially in January 2016 when it had missed a $20 million debt payment. At the beginning of March Sports Authority planned to file chapter 11 bankruptcy to reorganize debts and close