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SPORTS AUTHORITY TO EXPAND BY 11 STORES THIS MONTH
Published November 1, 1994
Sports Authority, which bills itself as the largest full- line sporting goods chain in the nation, will open its first store in the Sacramento area this month. This store is one of 11 stores the company will open nationwide between November 10 and November 25. Vince Osborne, VP/Marketing for Sports Authority, said the retailer plans more expansion in CA in '95 as well as int'l expansion in areas such as Canada, Europe, Puerto Rico and Japan in '95 (Mark Glover, SACRAMENTO BEE, 10/29). KMART STOCK OFFERING EXPANDED: KMart and The Sports Authority announced that the size of The Sports Authority's Initial Public Offering has been increased from 10.2 million to 12.3 million Common Shares. Upon completion of the IPO, KMart's ownership interest in The Sports Authority will be 39% -- down from 49% (KMart).