The Largest Sporting Goods Retailer In The US Is Heading For A Dead End.

Sports Authority, a US sporting goods retailer, plans to close all its 463 stores nationwide and launch a clearance sale.

Because they are not able to compete with e-commerce.

In the early March of this year, the company declared bankruptcy.

The debt accumulated to $1 billion 100 million.

Court documents show that the closing promotion of Sports Authority is expected to begin on Friday and end at the end of August.

Sports Authority is owned by Leonard Green & Partners, a private Holdings Company based in Losangeles.

The company acquired Sports Authority for $1 billion 400 million in 2006.

Sports Authority was the largest sporting goods retailer in the United States.

Sports Authority in its application

At that time, there were 14500 employees in the store, and nearly 2/3 of them were part-time.

The company initially planned to sell or close about 1/3 of its stores to strengthen and streamline its business, but eventually gave up the option of self rescue and bankruptcy.

Sports Authority admits that competition in e-commerce has played a key role in its failure.

According to the National Sporting Goods Association, last year's online sales of sports and sports equipment increased from 11.8% in the same period in 2010 to 15.8%.

Last year, online sales of sports and sports shoes increased from 12.8% in 2010 to 17.2%.

Another sporting goods retailer, Sport Chalet, took similar actions in April this year, closing nearly 50 stores.

As consumers increasingly like online shopping, plus Amazon.com, etc.

The rise of traditional retailers is not easy.

But in the competition of Sports Authority, the annual income of Dick sports products chain corporation (Dick s Sporting Goods) is increasing.

As of March 2015, the number of stores increased to 610.