Sports Authority to file for bankruptcy as early as March

Economic - Public Domain

Sporting goods retailer Sports Authority intends to file for bankruptcy as early as next month, an action that would expedite the closing of some of its 450 stores across the United States, according to three people familiar with the matter.

Sports Authority missed a $20 million coupon payment on Jan. 15, triggering a 30-day grace period to work out a compromise with creditors.

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