Sports Retailer Takes Final Step Before Liquidation

Published by
The Street

By Veronika Bondarenko Back in July, Olympia Sports suddenly started closing all of its stores. Even though both the sportswear and athletic equipment markets are projected to grow at skyrocketing rates in the next five years, the landscape has not been an easy one to ride out post-pandemic. Over the last two years, competition has come in not just from the usual big players such as Nike (NKE) – Get Nike Inc. Report, Adidas (ADDDF) and Lululemon (LULU) – Get lululemon athletica inc. Report but also big-box retailers like Target (TGT) – Get Target Corporation Report amping up their sportswear o…

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