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07 May

The sales are expected to last several weeks, although their duration will vary by location, he said.* 4550 W. Sepulveda Blvd., Los Angeles* 21301 Victory Blvd., Canoga Park* 11900 South St., Cerritos Stores also will close in Bakersfield, Corte Madera, Camarillo, El Cajon, Escondido, La Mesa, Redding, Riverside, San Luis Obispo, Santa Ana, Stockton, Thousand Oaks, Ventura and Walnut Creek.Sports Authority said filing for bankruptcy protection would allow it to adapt to the “changing dynamics” of the retail industry, especially the growth of e-commerce.

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With shoppers moving online, the retailer said it didn't need as many brick-and-mortar stores. business newsletter The company took on a large amount of debt after it was acquired in 2006 by Los Angeles private equity firm Leonard Green and Partners.

Matt Powell, a sports industry analyst with the NPD Group, said that debt made it difficult for Sports Authority to invest in its stores and online offerings to capitalize on the robust market for sporting goods merchandise. ALSOBrake-failure investigation targets 420,000 Ford F-150 trucks Herbalife cuts 2015 customer growth in half, blaming database error U.