Sports Authority will close its remaining stores after failing to find a prospective buyer, according to multiple reports.
A group of buyers will take assets like furniture and fixtures, and going-out-of-business sales will be conducted, according to CNN Money.
Sports Authority filed for bankruptcy protection in March but failed to reach a deal with creditors and lenders, according to CNN Money.
At the time of the filing, the chain had 14,500 employees, almost 75 percent being part time, according to CNN Money.
Click here to sign up for Daily Voice's free daily emails and news alerts.