Gap Inc. Crew have been floundering. Sports Authority did, too — and now it's shuttering all of its stores.
Two large sporting goods chains, Sports Authority and Sport Chalet, are in the process of closing hundreds of stores nationwide. Sports are competitive. The sporting goods industry is competitive, too.
Large big box chains like Sports Authority have closed stores or closed shop altogether. But there are major differences with the sporting goods retailers and the rest. Big box retail has long suffered through a period of decreasing same store sales as once loyal customers flock to other alternatives. Some of these alternatives are other brick and mortar stores, to be sure.
I know that sounds like a stupid question but would a place in alaska have more camping gear than a place in florida? Have you actually been to any of these stores? Walk into REI and it's a candy store for outdoor enthusiasts.
The retailer filed for bankruptcy in March and may have to close over stores nationwide. May 2, Sports Authority may have reached the end of the line.
All Sports Chalet stores will be closed. The EMS stores will dwindle down in numbers. Additionally, the Denver-based Sports Authority is quite possibly liquidating their stores and stock or, maybe, selling parts of the company.
A modern day souk for low-priced sporting and outdoors equipment, French conglomerate Decathlon doubles down on cracking the US market despite red flags. I spent my first some odd years living in America. And you need them all today?
Recreation has become big business. And local retailers fighting for some of the billions of dollars Americans will spend on sporting goods this year say surviving, and thriving, is a matter of details. It gets down to finding a line or products no one else has, building an identify for your store that will create loyal customers, the staff you put together, and price points, retailers say. Get all the answers right, and it spells success.