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Why Sports Authority is throwing in the towel and closing all of its stores

Phil Lempert, a Santa Monica-based analyst of consumer behavior and marketing trends, figures consumers haven’t seen the last of major retailers shuttering. Just last week, Sport Chalet announced the closure of all 47 of its stores in California, Nevada and Arizona. That chain is based in La Cañada Flintridge. “With the minimum wage going up…

Phil Lempert, a Santa Monica-based analyst of consumer behavior and marketing trends, figures consumers haven’t seen the last of major retailers shuttering. Just last week, Sport Chalet announced the closure of all 47 of its stores in California, Nevada and Arizona. That chain is based in La Cañada Flintridge.

“With the minimum wage going up to $15 an hour and more people turning to online shopping, more stores are going to close,” Lempert said. “It’s fine to say that everyone should have a living wage. But the money has to come from somewhere.”

via www.pasadenastarnews.com

But Bernie said I have a right to a living wage!

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Responses to “Why Sports Authority is throwing in the towel and closing all of its stores”

  1. LT Rusty

    Where’s Sports Authority come into it?

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  2. twitter.com/epobirs

    Rusty, if you follow the link to the Pasadena Star News, the story is primarily about Sports Chalet and the category of retailers.
    The shutdown sale at the local Sports Chalet was very disappointing for my sister. She noted that the prices were so high that the markdowns only brought them in line with what she could get online easily. “Why do you suppose they went under?” I asked her.
    It was similar with the Haggens supermarket chain that came and went so fast in the CA region. The prices were horrible and they lacked any notable specialty goods or services, so they didn’t do much business. When the store contents were being cleared out the prices were typically only comparable to what the local competition had every week. It wasn’t until it got down to the last 30% or so of the merchandise that the markdowns were interesting.

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