Sports Authority Closing Amherst Store

AMHERST, NH - The Sports Authority chain of about 450 stores is expected to close and be liquidated later this month after it was unable to emerge from bankruptcy, according to the Wall Street Journal.

The paper reported last week that the company notified a bankruptcy court that it was not going to be able to reorganize and would liquidate and sell assets.

The company had originally hoped to close a third of its underperforming stores and reorg out of bankruptcy, according to press reports in March. About 3,400 jobs were estimated to be lost in the reorg, according to reports.

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The chain has four locations in New Hampshire – Amherst, Manchester, Nashua, and Salem. The Nashua store was the only store slated to close in the March announcement.

A month before the announcement, Nashua Police issued a felony theft charge against Carol Koehler of Amherst for allegedly stealing more than $20,000 worth of merchandise from the store during a three-year period.

Read the full report at MarketWatch.com.