You are reading

Queens Sports Authority Locations Safe From Closure

IMG_2566

March 4, 2016 By Michael Florio

The two Queens Sports Authority locations are safe from closures that will hit more than 140 of the company’s stores nationwide.

Sports Authority announced this week that it has filed for Chapter 11 bankruptcy and will be closing about a third of its stores.

The Queens stores, located at 51-30 Northern Blvd. in Woodside and at 73-25 Woodhaven Blvd. in Glendale, are not included in a bankruptcy court document that lists the 140 shops that will be closing.

The sporting goods chain has struggled in recent years, according to Wall Street analysts. The company has lost market share to online retailers, become swamped with $1.1 billion in debt and has failed to keep pace with consumer trends, such as golf’s decline in popularity.

Sports Authority CEO Michael Foss is looking to use bankruptcy protection to give the troubled company a second chance.

“We have a long-term plan to streamline and strengthen our business so we can continue to make necessary investments in our operations, including upgrading our in-store experience and enhancing our website,” he said in a statement.

email the author: news@queenspost.com

Featured Events

Post an Event

View All Events…

One Comment

Click for Comments 

Leave a Comment
Reply to this Comment

All comments are subject to moderation before being posted.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Recent News
NY Hall of Science debuts CityWorks, its largest exhibition in over a decade

The New York Hall of Science in Corona opened its largest interactive exhibition in more than a decade on Saturday, May 3. The exhibition explores the often invisible inner workings of the built urban environment.

CityWorks is housed in a 6,000 square foot gallery, and the exhibit was created by a team of NYCSI exhibit developers, researchers, and educators over the past five years. Visitors will have the opportunity to explore the intricate systems and engineering that enable cities to function, including how they break, evolve, and endure.

Read More
0
Twenty people indicted in Queens-based $4.6M vehicle theft ring after three-year probe: DA

Twenty individuals were indicted and variously charged in a wide-ranging scheme to steal cars in Queens, throughout New York City and its suburbs, following a three-year investigation by the Queens District Attorney’s Office, the NYPD, and the New York State Police dubbed “Operation Hellcat,” into the criminal enterprise based in Queens.

Some of the vehicles were stolen from owners’ driveways, some with the keys or key fobs inside. The stolen vehicles were often sold through advertisements on social media platforms such as Facebook and Instagram. The defendants are charged in nine separate indictments for a total of 373 counts, Queens District Attorney Melinda Katz announced on Thursday.

Read More
0
Load More Articles