Without a buyer on deck, City Sports, the Boston-based athletic chain, announced it will liquidate all 26 locations across the East Coast beginning Friday. Gordon Brothers Group and Hilco Merchant Resources were awarded the store closing process by the US bankruptcy court on Nov. 5.
Popular brands, including Under Armour, Nike, The North Face, Ugg, Asics and Brooks will be discounted up to 30 percent. Store fixtures, furniture and equipment will also be available for purchase.
A spokesperson for the joint venture said, “This is a tremendous opportunity for athletes and all active lifestyle enthusiasts to take advantage of truly compelling discounts on an incredible assortment of merchandise. We encourage consumers to shop early to take advantage of these rare savings on their favorite brands of athletic-wear and accessories.”
City Sports filed for Chapter 11 bankruptcy in October, following more than 30 years in business. The company initially planned to close just eight of its locations as it worked to find a buyer for the remaining 18 stores.
In a press release, City Sports CEO Marty Hanaka, said, “On behalf of all of us at City Sports, I would like to thank our loyal customers and talented and dedicated employees for a rewarding 30 years. Although we are closing our doors, we hope our shoppers will use this opportunity to purchase items they love and continue to enjoy the active lifestyle we have always promoted at City Sports.”