Nothing in terms of golf clubs?
quote:Actually it's not
the entire company is going out of business. hth
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Ya so I'm in Denver this weekend and their football stadium is sports authority field at mile high.
quote:Originally is was a re-org with partial closings, but it now seems very likely it is a full liquidation.quote:Actually it's not
the entire company is going out of business. hth
quote:It has been named that for 6 years...
Ya so I'm in Denver this weekend and their football stadium is sports authority field at mile high.
quote:All I saw yesterday was 400 snowboards, ski boots, a few kids cleats. all that snow gear in HTine no wonder they are going out of business.
The one on the grand parkway had a lot more stuff, if you're a Denver bronco or NM lobo alumnus...they had more golf clubs than I10, thought about an Adams oversized driver but didn't get it.
Some Taylor made, tommy arm our and Wilson individual irons and many putters.
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It'll be interesting to see DSG's Houston strategy. They are specifically targeting Academy's "home turf". From what I've heard, Academy is hurting DSG in a big way as they move north slowly. The lower prices are winning a lot of customers over.
DSG's corporate office is in Pittsburgh and they have struggled to adapt from region to region comparatively, and even in Dallas/ Austin, their stores still feel like they were built for the northern market, and are more expensive than Academy and even Sports Authority. They are cleaner and run national advertising so it should be a fun little retail competition to watch.
Because I was curious :
DSG has 610 stores, whereas Academy has just over 200 stores (according to their websites)
I found numbers that show Academy at $4.6 billion in sales, and DSG at $7.3 billion for total 2015.
That means that Academy almost doubles the sales that DSG does per store. I had no idea.
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Sports authority now doing 40% off merchandise at all stores. Will continue to increase as they approach their august complete liquidation date.
BTW, SA is no longer running anything, There are very few SA employees left in corporate or stores. It is all run by a liquidation company who purchased all merchandise/inventory at cost + 1% (around $500 million).
How does this make you feel.. In December (~6 weeks before bankruptcy declared and multiple years in the red), a few (like 10) in upper management took huge bonuses.. to the tune of $3mm.. (one particular individual was $500K and was only there for 2 years).
Meanwhile, beginning after bankruptcy filed, no one in corporate or stores got severance pay or even vacation time paid out when they left, whether voluntarily or laid off.
You wonder why 'the rich' get a bad name sometimes. People not even getting their vacation paid out, and a select few are sliding huge 6 figure sums their way for no good reason.