Sports Authority news and archive

Under Armour calms down investors: Sport Authority’s problems won ́t affect us

Athletic apparel group Under Armour has tried to calm down investors assuring that the struggles of fashion peer Sports Authority won´t affect their business. It is worth recalling that Sports Authority has just filed for bankruptcy protection due to outstanding debts, including 23 million dollars to Under Armour. Addressing the unrest generated...

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Management|ANALYSIS

Sports Authority files for bankruptcy protection drawn by mounting debt

Formerly the leading athletic apparel and footwear retail destination, Sports Authority has succumbed to mounting debt and decreasing margins pressure and sought Chapter 11 bankruptcy protection. Sports Authority announced Wednesday that it has filed for bankruptcy protection and will be closing 30 percent of its stores. Sports Authority story...