On March 2, 2016, Sports Authority filed for Chapter 11 bankruptcy, and the case was converted to Chapter 7 a few months later. On May 18, 2016, the company's stores were sold to a group of liquidators and on May 25, CEO Michael Foss announced that all of the stores would close by the end of August 2016.

Leonard Green Partners acquired The Sports Authority in a leveraged buyout in 2006 for a transaction valued at $1.4 billion.

The Sportmart, Inc. chain of sporting goods superstores is the original (and still one of the largest) “category killer” sporting goods retailers in the United States.

The Sports Authority said Thursday that June 28 is the deadline for customers to use their store gift cards. The sporting goods company, which is going through a liquidation process that will shut all of its stores by the end of August, is no longer selling gift cards.

The Information Commissioner's Office stated it was aware of "an incident from 2016 involving Sports Direct" and would "be making enquiries." The company announced on 16 December 2019 that it would change its name from Sports Direct International plc to Frasers Group plc effective from 17 December 2019.

In July 1998, JJB bought its largest domestic competitor Sports Division. The acquisition made JJB one of the largest sports retailers in the United Kingdom, focusing on sports clothing rather than sports equipment.

Sport Mart's stores across Canada will be shut down, but many - including the Kamloops location at Columbia Street and Summit Drive - will be re-branded as either a Sport Chek or Atmosphere standalone location.

A sports governing body is a sports organization that has a regulatory or sanctioning function. Sports governing bodies come in various forms and have a variety of regulatory functions, including disciplinary action for rule infractions and deciding on rule changes in the sport that they govern.

Sport Mart's stores across Canada will be shut down, but many - including the Kamloops location at Columbia Street and Summit Drive - will be re-branded as either a Sport Chek or Atmosphere standalone location.

A sporting goods retailer or sporting goods store is a retail business selling sporting and recreational goods, including sportswear, sporting equipment and related general merchandise.

Expiry Date The ACL requires most gift cards and vouchers to have a mandatory minimum expiry period of three years from the date the business sells the gift card to a consumer. As a result, if you are a business owner, you can make this period longer or choose not to impose an expiry date.

So yes, it's true gift cards can expire, but federal protection ensure consumers have at least one year to use their gift cards penalty free and up to five years guaranteed. But given inflation and the risk of a business closing, Rossman said it's best to spend gift cards you have sooner rather than later.