http://fortune.com/2016/03/02/sports-authority-bankruptcy-2/
The long-speculated bankruptcy of Sports Authority is official.
In a statement posted to its website Wednesday, CEO Michael Foss said that the company decided to file for Chapter 11 bankruptcy as a way to implement a financial and operational restructuring that it sees as necessary to better appeal to customers.
Foss said the sporting goods retailer has identified 140 stores to
close or sell in the coming months. “This was a tough decision to make,
but we believe it was a necessary step in our plan to make Sports
Authority an even better partner for our customers,” he wrote.
" Ladies and Gentlemen the State of our Union is strong "...odor that is.
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