How to reach The Sports Authority, Inc.
Description
On August 4; 2003; The Sports Authority; Inc. and Gart Sports Company; the largest and second largest U.S. sporting goods retailers; respectively; completed a merger that created the nation's preeminent full-line sporting goods chain. The combined company; now known as The Sports Authority; Inc.; is headquartered in Englewood; Colorado. It operates approximately 400 stores in 45 U.S. states under The Sports Authority and Gart Sports names. The Company's e-tailing website; located at thesportsauthority.com is operated by GSI Commerce; Inc. under license and e-commerce agreements. The Sports Authority; Inc. opened its first store in November 1987 in Fort Lauderdale; Florida. In 1990; with approximately nine stores in six states; the company was acquired by Kmart. Five years later; The Sports Authority had expanded to 136 stores in 26 states; and was spun-off from parent Kmart. At the time of its merger with Gart Sports Company; The Sports Authority was the largest full-line sporting goods retailer in the United States; and had 205 stores in 33 states. The Sports Authority; Inc. announced on May 3; 2006 that it had completed the going-private transaction approved at a special meeting of Sports Authority's stockholders on May 2; 2006. As a result of the transaction; each issued and outstanding share of The Sports Authority; Inc. common stock was cancelled and converted automatically into the right to receive $37.25 in cash; without interest. The transaction was led by Leonard Green and; Partners; L.P. and members of The Sports Authority's management. Sports Authority's common stock; formerly traded on the New York Stock Exchange; is no longer publicly traded.
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