Sports Authority will close all of its more than 450 stores across the United States after the bankrupt company was unable to secure a buyer, according to a new court filing.
The liquidation includes all 11 Maryland stores, four of which already were to close as a result of the bankruptcy.
The Colorado-based retailer, once the largest sporting-goods chain in the country with stores in 41 states and Puerto Rico, filed for Chapter 11 bankruptcy in March with the intention to restructure. But the retailer was unable to reach an agreement with creditors and lenders and was instead sold at auction.
A group of liquidation companies purchased Sports Authority's assets. The...