Sports Authority Will Close All Stores, Including In Melbourne, Viera and Merritt Island
By Space Coast Daily // May 1, 2016
expected to offer discounts to consumers
BREVARD COUNTY, FLORIDA – Sports Authority will now close all 463 of its stores, including locations in Melbourne, Viera and Merritt Island.
After announcing last month that the company would file for bankruptcy protection and would shutter 140 stores, including the one in Melbourne, located at 1750 Evans Road, the chain has decided instead to liquidate rather than reorganize after filing for Chapter 11.
Sports Authority has two other locations in Brevard County, located at Merritt Square Mall that opened in August 2013; and at The Avenue in Viera.
The company said it will hold an auction for the company and sell it in pieces.
One solution that was being considered is to sell their stores to one or more competitors, and Dick’s Sporting Goods could be a likely buyer.
The company, reportedly $1 billion in debt, is expected to offer sales and discounts to consumers.
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