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Tuesday, September 10, 2019 2:24:37 PM

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Sports Authority declares bankruptcy, lays off 3, employees and considers selling itself

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This time it's Sport Chalet, a sporting goods store with 47 stores in California, Arizona and Nevada. The store, founded in , announced on Saturday via a post on its website that it would be closing all of its stores and that its online shop had already been shut down.

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The post said the brick-and-mortar stores will remain open for "several weeks" to give customers time to use rewards and gift cards and to shop sales. Customers must return rental equipment and pick up gear that was left for repair by April That's also the last day to use gift cards, rewards and store credits.

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Related: Here are the Sports Authority stores that are closing Sport Chalet started as one tennis and ski shop but grew into a large regional chain.

Some of the stores featured pools that were used for scuba training and certification.

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Customers could also get kayaking and backpacking instruction and have various types of sporting equipment repaired at the stores. Vestis Retail Group declined to comment on Saturday's announcement about store closures.

Sport Chalet is not alone however. In , Circuit City declared bankruptcy.

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In , Borders did the same. Both retailers eventually went out of business. They continue to operate but with fewer stores.

  • The retailer said Wednesday that it plans to close or sell about stores and two distribution centers, in Denver and Chicago. Sports Authority stores will remain open and run on normal schedules during the Chapter 11 process.
  • In , Gart Bros.
  • Gift cards are a popular present at the holidays. The National Retail Federation says more than half of consumers plan to give one in
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In March, Sports Authority filed for bankruptcy and said it planned to close stores -- a third of its retail locations.

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