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Company type | Sporting goods store |
---|---|
Industry | Retail |
Founded | 1975 |
Founder | Ed Manganello |
Defunct | September 2022 |
Fate | Bankruptcy and liquidation |
Headquarters | Westbrook, Maine, United States |
Number of locations | 152 (2015) |
Products | Sporting goods |
Website | https://olympiasports.net, olympiasport.com |
Olympia Sports was a sporting goods retail company. The company was founded in 1975 in Portland, Maine. Before it went under liquidation, Olympia Sports had 152 locations, mostly across New England, New York, and the Mid-Atlantic. It was headquartered in nearby Westbrook, Maine, and had a flagship store in Boston.
Olympia Sports also housed the Olympia Sports Foundation, a non-profit clothing bank, where unused clothing and vendor materials are donated to individuals in need. The foundation was shut down in 2016 as a cost-saving measure.
In October 2019, it was announced that Denver, Colorado-based JackRabbit would purchase 75 of the remaining 152 stores, the other 77 stores to be liquidated. [1] [2]
On May 5, 2022 Schottenstein Stores acquired some of the locations and began liquidation sales.[ citation needed ]
On July 22, 2022, it was announced that all of the remaining Olympia Sports stores would be liquidated and closed by the end of September. [3] In September 2022, Olympia filed for Chapter 11 bankruptcy. [4]
On February 17, 2023, it was announced that all of the remaining Olympia Sports intellectual properties were sold to Albert Fouerti at an auction. [5] [6]
Sears, Roebuck and Co., commonly known as Sears, is an American chain of department stores founded in 1892 by Richard Warren Sears and Alvah Curtis Roebuck and reincorporated in 1906 by Richard Sears and Julius Rosenwald, with what began as a mail ordering catalog company migrating to opening retail locations in 1925, the first in Chicago. Through the 1980s, Sears was the largest retailer in the United States. In 2005, the company was bought by the management of the American big box discount chain Kmart, which upon completion of the merger, formed Sears Holdings. In 2018, it was the 31st-largest. After several years of declining sales, Sears' parent company filed for Chapter 11 bankruptcy on October 15, 2018. It announced on January 16, 2019, that it had won its bankruptcy auction, and that a reduced number of 425 stores would remain open, including 223 Sears stores.
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