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03-02-2016, 06:51 PM
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Sports Authority declares bankruptcy, lays off 3,400 employees and considers selling
Sports Authority declares bankruptcy, lays off 3,400 employees and considers selling itself
   NEW YORK — Sports Authority is filing for Chapter 11 bankruptcy protection to try to fix its business as it pays off $1.1 billion in debt.* 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... More about Bankruptcy, Sports Authority, Company News, and Business ??????? ??????: Sports Authority declares bankruptcy, lays off 3,400 employees and considers selling || ??????: rss || ??????: اسم منتداك
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