The retailer said Wednesday that it plans to close or sell about 140 stores and two distribution centers, in Denver and Chicago.*
Sports Authority stores will remain open and run on **rmal schedules during the Chapter 11 process.*
The company is also laying off 3,400 employees, or about one-third of its staff, all of whom were **tified on February 10, according to the Denver Post.*
"We wanted to give them plenty of time to find their next opportunity, whether it's in the company, or wherever else it is," Foss said. "It is hard to close a store or a distribution center, or right-size a corporate headquarters. We try to mitigate the impact on people as much as possible." Read more...
03-02-2016, 06:51 PM
Sports Authority declares bankruptcy, lays off 3,400 employees and considers selling
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