The clock's ticking, all Sports Authority stores will close for good - Bring Me The News

The clock's ticking, all Sports Authority stores will close for good

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After months of uncertainty, the future of Twin Cities Sports Authority stores – and all Sports Authority Stores for that matter – has been decided. The sporting goods retailer will be closing them.

In March, the store announced it had filed for Chapter 11 bankruptcy and would be shutting down more than a hundred stores. The retailer had been carrying more than $1.1 billion in debt.

At the time, Minnesota had nine Sports Authority stores – one in Rochester, eight in the Twin Cities.

The Rochester location was said to be the only Minnesota store that would shut down.

Now – almost three months later – the Colorado-based retailer says it's time to close Minnesota's eight remaining stores, Minneapolis St. Paul Business Journal reports.

Those stores are located in Minneapolis, Roseville, Coon Rapids, Richfield, Oakdale, Eden Prairie, Maple Grove, and Burnsville.

The journal says the retailer had been hoping someone would step in and save the 300 remaining stores. But no such luck.

Sports Authority's decline was caused in part by the shift toward online shopping, the Associated Press says.

The closings will ultimately put about 14,500 workers out of jobs.

According to the Denver Post, Sports Authority plans to offer sales through the end of August. Those sales could start as early as next week. The final closing dates have not been confirmed yet, though.

There's already talk of who might be taking the retailer's empty spaces. Dick's Sporting Goods is one company that might try to nab some of the closing stores next month.

"There's a small group of stores we would love to get," Dick's CEO told the paper.

By "small group" the CEO is talking a couple dozen leases of the hundreds that will open up, the Post explains.

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