Four of the eight Sports Authority stores on Long Island are slated to close as part of the company’s Chapter 11 bankruptcy.
The Englewood, Colorado, company will begin liquidation sales as soon as Friday at a total of 143 stores nationwide, nearly one-third of its locations, according to court documents filed late Wednesday.
Slated for closure on Long Island are the Sports Authority stores in Commack, Riverhead and Stony Brook, as well as the retailer’s Westbury outlet location. The closure of the Westbury outlet store was confirmed earlier Wednesday by a Melville real estate firm handling the sale of store leases for the chain.
Sports Authority spokesman Steven Goldberg declined to comment on the number of employees who may be affected by the closures.
The Long Island locations on the store closing list are: the Westbury Outlet S.A. Elite store at 950 Old Country Rd., the Riverhead store at 1160 Old Country Rd., Smithhaven store at 2110 Nesconset Hwy. in Stony Brook, and the Commack store at 124 Veterans Memorial Hwy.
Sports Authority has four other locations on Long Island, in Bohemia, Levittown, Massapequa and a second one in Westbury, according to the company’s website.
Sports Authority — owned by Los Angeles-based private equity firm Leonard Green & Partners — filed for Chapter 11 bankruptcy protection Wednesday in the U.S. Bankruptcy Court for the District of Delaware, citing $1.1 billion in debt.
The sports goods retailer has 463 stores in 41 states and Puerto Rico. A total of eight stores in New York are on the list of store closures. The closings are expected to take up to three months.
Sports Authority has retained Melville-based A & G Realty Partners, a commercial real estate consulting firm, to market the sale of retail store leases. A & G, which helped the bankrupt Great Atlantic & Pacific Tea Co. market Pathmark and Waldbaum’s store leases, is accepting bids on stores. The bankruptcy auction will take place in mid-April, according to A & G.
Sports Authority stores will remain open and run on normal schedules during the Chapter 11 process. The company’s website will continue to function, and the chain plans to honor warranties on items purchased at its stores or online.