Sports Retailer Abruptly Closing All its Stores

Published by
The Street

By Daniel Kline With mass-market retailers including Target stepping up their athletic wear game, it has become harder for less players to compete. The past few years have not been kind to brick-and-mortar retail chains. Even though digital sales only represent about 14% of the market (roughly 20% during the darkest lockdown days of the pandemic) consumers have increased choice. That has led to a long list of bankruptcies as it’s no longer to simply be a store at the mall in a decent location. Bankruptcies actually fell in 2021 compared to 2020 from 52 to 21, but some stores were likely saved …

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