Sports Authority Holding Huge Going Out Of Business Sale

Sports Authority Holding Huge Going Out Of Business Sale


REGULAR CIGARETTES OR STAY ON E-CIGARETTES OR END UP DOING
NOTHING? WE’LL SEE. SPORTS AUTHORITY RECENTLY ANNOUNCED IT IS CLOSING ALL OF THE 463 STORES. SO NOW, THE RETAILER IS PLANNING A BIG GOING OUT OF BUSINESS
SALE. SPORTS AUTHORITY’S FINAL SALES ARE EXPECTED TO START ON FRIDAY AND FINISH BY THE END OF AUGUST. THAT IS ACCORDING TO COURT DOCUMENTS SOCHLT IF YOU’VE BEEN LOOKING FOR THAT KAYAK, I DON’T KNOW, MAYBE SOCCER GEAR, FOR THE KIDDOS OVER THE NEXT FEW YEARS, A GOOD TIME TO STOCK UP. WE’RE SEEING A LOT OF THE BIG BOX RETAILERS FALLING OFF OF THE
MAP, JUST ONLINE. THAT’S PART OF IT, MOLLY. BUT THE SPORTING STORE, I THINK LIKE, THE STAND UP PADDLE BOARD, THE KAYAKS, THE THINGS THAT ARE HUGE AND NOT EASY TO ORDER ONLINE. I THINK WITH THE SMALLER THINGS, SHOES, CLOTHING, THINGS LIKE THAT, FOR ME, PERSONALLY, I DON’T REALLY LIKE GETTING IN MY CAR, DRIVING ON THE HIGHWAY, THEN HAVING TO DEAL WITH THE CROWD, THE PARKING, AND TO GET TO ONE OF THE BIG BOX STORES, I WOULD RATHER DO IT ONLINE OR SHOP LOCALLY AND I THINK THAT’S A FACTOR AS WELL. YEAH, YOU CAN’T BEAT THE PRICE ONLINE FOR SOME OF THESE PRODUCTS, RIGHT YOU WALK INTO ONE OF THESE BIG BOX STORES SUCH AS SPORTS AUTHORITY, YOU CAN PICK UP YOUR PHONE AND GO ON AMAZON AND SOMETIMES CAN FIND RUNNING SHOES, $20-30 CHEAPER, YOU CAN’T BLAME PEOPLE FOR WANTING TO GO BUY THEIR PRODUCTS ON LINE. THE PROBLEM IS THE BIG BOX STORES THEY HAVE OUT OF DATE BUSINESS MODELS. UH-HUH. I THINK THERE ARE A LOT OF PLACES YOU CAN GO, I MEAN, WHEN I’M LOOKING FOR SHOES, OR FOR LIKE A SOCCER GOAL OR FOOTBALL PADS OR WHATEVER, A LOT OF TIMES YOU STILL WANT TO GO AND SEE
THAT. YOU DON’T JUST WANT TO BLINDLY ORDER THAT ONLINE. BUT YOU CAN GO TO DICK’S, YOU CAN GO TO GANDER MOUNTAIN, TARGET, WALMART, THERE’S SO MANY STORES AND I THINK JUST LIKE WE SAW WITH BIG BOX ELECTRONICS STORE, CIRCUIT CITY FADE AWAY, RADIOSHACK, THE SAME IS HAPPENING WITH SPORTING GOODS, SOME OF SIT ONLINE AND SOME OF IT IS YOU HAVE SO MANY SPOTS YOU CAN GO TO. AND A LOT OF THEM ARE ONE STOP SHOP, TARGET, YOU DON’T HAVE TO GO TO OFFICE MAX. YOU CAN GO TO ALL OF THESE. WE’RE SEEING THE SPECIALIZED LOCAL STORES, THAT ARE POPPING UP, I’M NOT MUCH OF AN ATHLETE BUT I DO RUN. YOU’RE A RUNNER. LIKE GOING TO MY SPECIAL STORE, I’VE DEVELOPED A LOYALTY TO THEM, AND WE’RE SEEING MORE PEOPLE DO THAT, YES, SIT A LITTLE BIT CLAEPER ONLINE — CHEAPER ONLINE, YOU WANT TO SUPPORT THE LOCAL BUSINESS. IT WILL BE UP TO THE LOCAL BUSINESS TO INCORPORATE THEMSELVES INTO THE LOCAL COMMUNITY, WHAT CAN THEY DO THAT AMAZON CAN’T? AND THOSE SMALL MOM AND POP RUNNING STORES, THEY ORGANIZE RACES, THEY’LL ORGANIZE 5 K’S, RUNNING GROUPS. REI HAS DONE SOMETHING LIKE THAT WHERE THEY HAVE A MEMBERSHIP THAT WORKS AND THEY OFFER CLASSES THAT GO ALONG WITH
IT. THEY MAKE IT FEEL A LITTLE BIT MORE LOCAL, AND THEY’RE STILL STANDING RIGHT NOW. THE BUMMER ABOUT THIS IS THIS IS A LOT OF REAL ESTATE THAT’S GOING TO BE EMPTY NOW. AND A LOT OF PEOPLE WHO WILL BE OUT OF JOB, OF COURSE. BUT YOU LOOK AT YOU KNOW, A SPORTS AUTHORITY, JUST PUT A HIGH PROFILE FLAGSHIP STORE IN DOWNTOWN MINNEAPOLIS AND LIT BE AN EMPTY HOLE, WHAT WILL HAPPEN TO THOSE SPOTS? WHAT’S THE RETAIL MODEL THAT WANTS TO BE THAT BIG OF A STORE. DISTRIBUTION STORE. DOLLAR STORE, THE ONE PART OF RETAIL THAT KEEPS GOING. DOLLAR GENERAL, DOLLAR TREE, THOSE KIND OF STORES. EVEN WITH SACS ON 5TH AND NORDSTROM COMING TO DOWNTOWN,

1 Reply to “Sports Authority Holding Huge Going Out Of Business Sale”

Leave a Reply

Your email address will not be published. Required fields are marked *