NEW YORK Sports Authority is filing for Chapter 11 bankruptcy protection, a move that could affect its two stores in Maine.
The retailer said Wednesday that it plans to close or sell about 140 stores and two distribution centers, in Denver and Chicago. The Englewood, Colorado, company has 463 stores in 41 states and Puerto Rico. The store closings are expected to take up to three months.
USA Today reported that a court filing by the company said liquidation sales at up to 140 stores will begin Friday if the company wins approval for its motion from a bankruptcy judge. The Wall Street Journal reported that it has obtained a marketing document listing all of the stores slated for sale, which includes the store at 730 Center St. in Aub…
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