The Sports Authority store at 1800 Harlem Ave. in North Riverside will remain open for now, according to a court document filed by the sporting goods retail giant, which announced on March 2 that it has filed for Chapter 11 bankruptcy in Delaware.
But 10 other stores in Illinois, about one-third of the Sports Authority locations in the state, will be shuttered as part of the plan to restructure. In all, the company announced it would be closing about 140 of its roughly 460 stores nationwide.
Included in that number are two distribution centers, including one in Romeoville. Chicago-area stores that will close their doors include locations at Water Tower Place in Chicago, Northbrook Court in Northbrook, Yorktown Center in Lombard, Orland Towne Center in Orland Hills and Woodfield Commons West Shopping Center in Schaumburg.
“We are taking this action so that we can continue to adapt our business to meet the changing dynamics in the retail industry,” said Michael E. Foss, CEO of Sports Authority in a press release. “We intend to use the Chapter 11 process to streamline and strengthen our business both operationally and financially so that we have the financial flexibility to continue to make necessary investments in our operations.”
According to the press release, issued by the company on March 2, Sports Authority stores “are expected to continue to operate without change or interruption during the entire Chapter 11 process.”
The company blamed changes in the ways customers buy goods, such as increased online shopping, and said that change prompted the need to close stores.
“As a result of these changes in consumer buying patterns, Sports Authority determined that it needs fewer stores as part of its long-term business model,” the press release stated.
The stores identified for closing should be liquidated within three months, according to the company.
There has been a sporting goods store at 1800 Harlem Ave. since 1990, according to North Riverside Building Department records. Sportmart occupied the location until its parent company, Gart Sports Inc., merged with Sports Authority in 2003.
The Chicago area’s Sportmart locations were rebranded as Sports Authority stores in 2005.