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The company announced that it would file for Chapter 11 bankruptcy in February 2017. It was ultimately converted to Chapter 7 liquidation.This plan was approved on February 16, and going-out-of-business sales at all 68 remaining stores began immediately thereafter.
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On May 18, 2016, the company's stores were sold to a group of liquidators and on May 25, CEO Michael Foss announced that all of the stores would close by the end of August 2016. [4] [5] On June 30, 2016, Dick's Sporting Goods won the auction for Sports Authority's brand name and intellectual property. [6]
American Freight, a discount furniture and appliance retailer with more than 328 locations across 41 states, including California, is permanently closing all of its stores as its parent company ...
Bally Total Fitness was an American fitness club chain. At its 2007 peak, prior to the filing of the first of two Chapter 11 bankruptcies, Bally operated nearly 440 facilities located in 29 U.S. states, Mexico, Canada, South Korea, China, and the Caribbean under the Bally Total Fitness, Crunch Fitness, Gorilla Sports, Pinnacle Fitness, Bally Sports Clubs, and Sports Clubs of Canada brands.
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