World Sports

Are sport retail bankruptcies Darwinism at work? – Marketplace.org

Tuesday, April 19, 2016

Sports Chalet operated in a crowded space of sports retailers including Sports Authority, Dick’s Sporting Goods and REI.  – Tim Boyle/Getty Images The sporting goods retail industry continues to see upheavals, as Vestis Retail Group filed for Chapter 11 bankruptcy on Monday. As part of its restructuring plan, the parent company will shutter dozens of the stores it owns, including eight Eastern Mountain Sports and all 47 of its Sports Chalet locations.  That…

The Best Sellers: Filed Under Sports – New York Times

Monday, April 18, 2016

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The 9 greatest sports moments you’ve never heard of – FOXSports.com

Monday, April 18, 2016

Eighty-one years ago today, Gene Sarazen drained a double-eagle two on the par-5 15th at The Masters, a -3 on a single hole that propelled him into a playoff and a subsequent major title. It’s one of the most famous shots in golf even though only big golf fans probably know about it. But imagine if Jordan Spieth had done that this year? Imagine if Tiger Woods had done it…

The Parent of Eastern Mountain Sports Is Filing for Bankruptcy – Fortune

Monday, April 18, 2016

Vestis Retail Group, the operator of the Eastern Mountain Sports, Bob’s Stores, and Sport Chalet retail chains, has filed for Chapter 11 bankruptcy protection. The company said the move is necessary to remove the burden of its failing Sport Chalet brand and better focus on its two other more promising chains. As a result of the bankruptcy, Vestis has begun winding down all of its Sport Chalet stores, and plans…

Laureus Awards 2016: Djokovic, Williams, Messi, Spieth all win – BBC Sport

Monday, April 18, 2016

Serena Williams was on track for a calendar Grand Slam before losing in the semi-finals of the 2015 US Open Tennis players Novak Djokovic and Serena Williams were named the sportsman and woman of the year at the annual Laureus World Sports Awards. The awards honour the most notable sporting figures and their achievements of the previous year. Serbia’s Djokovic, 28, reached all four Grand Slam finals last year, winning…

Rich King wrapping up career in Chicago sports broadcasting – Chicago Tribune

Monday, April 18, 2016

The years have been kind to Rich King. He doesn’t look like he is 69 or like he has been in broadcasting for nearly 50 years. King, though, is well aware that time marches on. Even though one of the deans (or King) of Chicago sports media still has a few years left in him, he has decided to call it a career. His final day at WGN-9 will be…

Sport Chalet parent Vestis Retail Group files for Chapter 11 – Los Angeles Times

Monday, April 18, 2016

Sport Chalet’s parent company, Vestis Retail Group, said Monday that it has filed for Chapter 11 bankruptcy protection. The news comes two days after Sport Chalet initiated store-closing sales at its 47 locations and stopped all online sales operations. Connecticut-based Vestis also owns outdoor clothing and gear chain Eastern Mountain Sports and East Coast family apparel and shoe retailer Bob’s Stores. See more of our top stories on Facebook >> In…

Sport Chalet closing all stores – The San Diego Union-Tribune

Monday, April 18, 2016

Sport Chalet started in 1959 when German immigrants Norbert and Irene Olberz bought a tiny La Cañada Flintridge ski shop, which they built into a publicly traded retailer with more than 50 locations. On Saturday, the struggling sporting goods chain began going-out-of-business sales at its 47 stores and closed its online sales operation. “We’re closing. Thank you for 57 great years,” Sport Chalet told customers in an email message. The…

Soon-to-open Sports Academy is an all-in-one facility for athletes – Los Angeles Times

Monday, April 18, 2016

Inside a renovated industrial complex in Thousand Oaks is the makings of a Southern California sports experiment. The Sports Academy, scheduled to open this month, aims to be the sports version of Wal-Mart and Costco — a one-stop, one-shop place for athletes of all ages and sizes to train, practice, compete, study, rehabilitate, hang out, eat and find anything and everything they need without having to drive around traffic-congested Southern…

Can college athletics continue to spend like this? – USA TODAY

Monday, April 18, 2016

Total revenue for the 50 public schools in the Power Five conferences rose by $304 million in 2015, but spending rose by $332 million from the year before, according to a USA TODAY Sports analysis.(Photo: Jupiterimages) Bubble, in a sports context, typically refers to college basketball teams with middling résumés, or perhaps the sort of gum that comes with trading cards. Economist Andrew Zimbalist suggests college sports may be facing…

Sports Authority not the only sports retailer seeking new game plan – Philly.com

Sunday, April 17, 2016

Close calls don’t count in sports retailing, and that helps explain why it will soon be lights out for the Sports Authority store in Cherry Hill. Slideshow The…

Sport Chalet will close all stores and stop online sales – Los Angeles Times

Sunday, April 17, 2016

Sport Chalet started in 1959 when German immigrants Norbert and Irene Olberz bought a tiny La Cañada Flintridge ski shop, which they built into a publicly traded retailer with more than 50 locations. On Saturday, the struggling sporting goods chain began going-out-of-business sales at its 47 stores and closed its online sales operation. “We’re closing. Thank you for 57 great years,” Sport Chalet told customers in an email message. The…

Chanhassen youth sports association bars mother from attending games – Minneapolis Star Tribune

Sunday, April 17, 2016

With four of her children playing basketball, baseball and softball in the Chanhassen Athletic Association, Mary Valentine’s life revolves around youth sports. These days, though, she doesn’t dare go to a game or a practice. If she does, the Chanhassen Athletic Association has threatened to throw her entire family out of the program. Since February, the association has barred Valentine from attending any athletic event or communicating with any coach…

Sport Chalet Is Closing All Stores, Has Stopped Online Sales, Retailer Announces – KTLA

Saturday, April 16, 2016

The Sport Chalet at the Figueroa and 7th Street shopping center in downtown Los Angeles posts ski conditions outside during the season. (Credit: Gina Ferazzi / Los Angeles Times) The Sport Chalet at the Figueroa and 7th Street shopping center in downtown Los Angeles posts ski conditions outside during the season. (Credit: Gina Ferazzi / Los Angeles Times) Sport Chalet announced on Saturday it has stopped online sales and is…

Serena, Gruden Campaign for Youth Sports Funding – ABC News

Saturday, April 16, 2016

Serena Williams knows firsthand the dangers of underfinanced youth sports across the nation. When she joins a panel discussion Tuesday with such other high-powered sports figures as Jon Gruden, Tom Brady, Missy Franklin, Jessica Mendoza, Rob Manfred, Tim Finchem, among others, Williams says she will be eager to tackle the problem that has led to hefty budget cuts and decreased participation by youngsters in America. “You didn’t see a lot…

26 percent of Badgers tickets in major sports went unused in 2015-16 – Madison.com

Saturday, April 16, 2016

One season after making a noticeable step forward in getting fans to use their tickets for its six major sports, the University of Wisconsin athletic department slid backward in the 2015-16 season. Of the tickets bought or distributed for home Badgers games, 26.4 percent went unused, 4.8 percentage points higher than last season and the second-highest in nine years. In 2011-12, 27.9 percent of tickets didn’t get…

ESPN Has Decided Drone Racing Is a Sport Because Internet – WIRED

Friday, April 15, 2016

If you doubted that drone racing was a real sport—that robots flying through garish neon gates belong in the same league as muscled athletes who actually sweat—consider this: It’s coming to ESPN. This week, the International Drone Racing Association and ESPN announced a multi-year distribution deal. It’s not about to knock Sportscenter out of its time slot, however. The collaboration’s first event, the US National Drone Racing Championships, will be…

These Stores Could End Up Buying Sports Authority’s Assets – Fortune

Friday, April 15, 2016

Academy Sports + Outdoors and Dick’s Sporting Goods have expressed interest in buying the assets of rival U.S. retailer Sports Authority that are on sale in a bankruptcy auction, according to people familiar with the matter. The auction will determine whether Sports Authority, which opened its first store in Florida in 1987 and expanded nationwide, will be sold off in pieces, or its creditors will hold on to it and…