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Sports Authority Pushes Back Auction Dates Amid "Substantial" Interest

Sports Authority lawyer Robert Klyman said that the retailer has "pushed back the date for a planned bankruptcy auction amid 'substantial' interest from several potential bidders." The company "hopes for a vigorous bidding contest for the stores and inventory." U.S. Bankruptcy Judge Mary Walrath yesterday "authorized rules for the auction process." There will be two auctions in May. Leases for "109 stores being closed go on the auction block May 4," while the "sale of pretty much everything else Sports Authority owns" will be May 16 (WSJ.com, 4/14).

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