Rochester Sporting Goods Store Could Be Closing
There could be another change on the retail scene in Rochester, as there are rumors swirling that a local sporting goods store could be closing for good.
The Sports Authority store, located in the Broadway Commons shopping center in southeast Rochester, might be getting ready to throw in the towel permanently. That's according to a story in the Post-Bulletin published on Tuesday that quotes an employee who says the store "is being prepped for closure, possibly in about six weeks."
This CNBC story says the move would come as the entire Sports Authority chain is looking at filing for bankruptcy, which would allow the retailer to close "some of its 450 stores" across the country -- including, apparently, the location here in Rochester.
The PB story notes the Rochester store first opened back in 2001, and was ranked third in the nation in sporting goods chains, behind Dick's, Academy Sports, and Bass Pro Shops.
According to CNBC, the entire chain has been on shaky financial footing as of late, with the story saying, "The company has also been struggling to make payments to suppliers of golf clubs, sneakers and other sporting apparel that stock the stores. Some of the suppliers have been asking for cash upfront out of fear that they will not be paid back."
That can't be good. But with troubles nationally, and increased competition here in Rochester from the new Scheel's store at Apache Mall and other sporting goods retailers like Cabella's, I guess it's not all that surprising the local store could be on the list of stores they're looking at closing.