When a major retailer falters in bankruptcy, what does that mean for the brands it once used to carry? It seems that sportswear line Under Armour is about to find out.
In March it was announced that Sports Authority, a nation-wide sports retailer would be filing for Chapter 11. Now it looks like sports retailer Sports Chalet will be following in its competitor’s steps.
Sports Authority, a national retailer of sporting goods, has declared its intentions to file for bankruptcy. The bankruptcy could happen as early as March, which would mean the closing of some of the retailer’s 450 stores across the United States.