One retailer’s failure is another retailer’s treasure.
While that may be a slight variant on the age-old idiom, the message is the same—and Dick’s Sporting Goods, the nation’s largest sports gear retailer, could be the one to gain in Sports Authority’s demise.
Sports Authority filed for bankruptcy in March, originally outlining plans to close just 140 stores, but has since said it would sell off its remaining assets. An auction is scheduled for May 16, but experts said as recently as last week that liquidation isn’t unlikely.
Read more at Sourcing Journal.