Gart Sports has closed two Denver metro stores and is looking to expand in WA, where it has opened two new stores, according to Penny Parker of the DENVER POST. Gart will also open a new store in Albuquerque, NM, bringing the total store count to 130 by year's end. In related news, Sports Trend magazine listed its top 10 sports retailers in the U.S. based on revenues: 1) Wal Mart; 2) Foot Locker; 3) Kmart; 4) The Sports Authority; 5) JCPenney; 6) L.L. Bean; 7) Sears, Roebuck & Co; 8) Champs Sports & Going to the Game; 9) Gart Sports; 10) Target Stores (DENVER POST, 5/14).
NJ-based memorabilia company Score Board Inc. plans to liquidate its assets to pay creditors, according to a WALL STREET JOURNAL report. The company, which has been operating under Chapter 11 bankruptcy protection, said it expects to be delisted by the NASDAQ "because it can't meet minimum requirements for listing." The company also plans to sell its inventory and its intellectual property, trade fixtures and "certain other assets" in about a month. Score Board President John White resigned and was succeeded by F. Duffield Meyercord (WALL STREET JOURNAL, 5/15).