What is Sports Authority called now? June 30, 2016 – Dick’s Sporting Goods triumphed in the auction to acquire Sports Authority’s intellectual property and brand name. July 28, 2016 – Sports Authority’s website was redirected to Dick’s Sporting Goods’ website.
Did Sports Authority go out of business? Sports Authority was an American sports retailer founded by a group of venture capitalists and founding executives in 1987. Increasingly burdened by debt, the company filed for bankruptcy in 2016. Sports Authority experienced intense competition from big-box retailers and eCommerce giants.
Who took Sports Authority? Leonard Green Partners acquired The Sports Authority in a leveraged buyout in 2006 for a transaction valued at $1.4 billion.
How many stores did Sports Authority have? [If you] still have over 450 stores in dire need of a refresh in this day and age, you’d better have a great private label brand, wonderful sales people, and a great store environment. Sports Authority has none of that,” Peterson said.