By Laura Heller, Forbes
Say goodbye to Sports Authority. The sporting goods retailer will liquidate all stores and wind down operations in the coming months. It’s the final chapter in its quest to reorganize under Chapter 11 bankruptcy protection.
Sports Authority notified the U.S. Bankruptcy Court that the company would be able to reorganize and would pursue a sale instead.
That means all 450 stores will close.
No worries, Obama says the economy is fantastic! lol