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Sports Authority is closing all its stores

Sports Authority is closing all its stores
Posted at 11:03 AM, May 23, 2016
and last updated 2016-05-23 12:33:29-04

NEW YORK (AP) -- Sports Authority, which filed for bankruptcy protection three months ago, is shuttering all 460 of its stores.

The sports retailer had only planned to close about 140 stores, but in a court document this week it outlined plans to shutter all of them.

The company based in Englewood, Colorado, said it will start discounting sneakers, clothing and other goods next week until the end of August.

Sports Authority told the bankruptcy court that it plans to sell its store leases in an upcoming auction.

As of March, the company had about 14,500 employees.

A representative for Sports Authority declined to comment.