LIHUE — Sports Authority, which filed for bankruptcy protection three months ago, recently announced it is closing all 460 of its stores. That includes the 43,000-square-foot store at Kukui Grove Center that opened two years ago.
The sports retailer initially said it planned to close about 140 stores and continue to operate the others. However, it was unable to secure a buyer.
The company based in Englewood, Colorado, is expected to start discounting sneakers, clothing and other goods. Closings could take a few months.
Sports Authority was once the largest sporting goods store chain in the country. It filed for Chapter 11 bankruptcy protection in March with plans to restructure. However, the retailer couldn’t reach an agreement with creditors and lenders, and was sold at auction.
The company has about 14,500 employees, including about 50 on Kauai. It reported $3.5 billion in revenue in 2015.
A representative for Sports Authority at Kukui Grove Center declined to comment Wednesday.