DENVER — Sports Authority, the nation’s fourth-largest sporting goods retailer, will begin going-out-of-business sales this week, having failed to secure a buyer in bankruptcy court last month.
According to court documents, the privately held, Colorado-based chain will shutter all of its 463 stores by the end of August.
Expect discounts to begin at relatively tame levels in the 20 percent range. Money predicts more substantial, liquidation-level bargains won’t begin until the end of summer, as the August deadline approaches.
While the sales will take care of Sports Authority’s physical merchandise, the company’s brand and intellectual property will be sold separately, reports the Denver Business Journal.
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