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Analysis: Sports Authority Bankruptcy Disrupts Sporting-Goods Industry

Submitted by jhartgen@abi.org on

Sports Authority Inc.’s bankruptcy rippled through the sporting-goods industry on Tuesday, with companies saying that it was creating both hardships and opportunities, Bloomberg News reported yesterday. Dick’s Sporting Goods Inc. said that it would try to pick up market share ceded by its longtime rival, which is closing stores as it makes its way through bankruptcy court. Performance Sports Group Ltd., meanwhile, was dealt a blow by the chapter 11 filing. The maker of baseball bats and hockey gear wrote down anticipated sales that it would have gotten from Sports Authority. Performance slashed its outlook, sending its stock down 66 percent on Tuesday.

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