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Sports Authority hits final leg in going-out-of-business journey

May 24, 2016

Tomorrow will likely be launch day for going-out-of-business sale at Sports Authority as the sportswear retailer will soon begin shuttering all of its stores.

It's been three months since the company filed for bankruptcy protection but media reports reveal the initial plan to rebound, by closing 30 percent of its locations, is no longer the plan. The company, according to a Bankrate.com report, will sell store leases at auction and the inventory sales event will run from this week until August.