Sports Authority Hits Ch. 11 With $1.1B Debt

By Jonathan Randles (March 2, 2016, 1:19 PM EST) -- Sports Authority filed for bankruptcy Wednesday in Delaware, with plans to quickly close more than a third of its stores in an attempt to restructure $1.1 billion in debt or sell the business, capping the yearslong decline of one of the largest sporting goods retailers in the U.S....

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