An article on the panic in the retail industry set off by Sports Authority's bankruptcy.
Yesterday was the last day Sports Authority in Hilo was open. I happened to be at the Plaza around noon, so I checked it out. Signs announcing merchandise was now 90% Off, but hardly anything was left. The store itself was almost completely empty. Not even shelves. Whether people were loading up at these rock-bottom prices or it was a liquidator who already removed merchandise is anyone's guess. I asked a saleswoman what time the store closed. She said seven p.m. Then I left.
The space could be filled again soon, if a Dick's Sporting Goods or a similar-sized outfit comes to the Plaza. More likely, it will stand empty, maybe for years, the way it did when Woolworth's closed in the early `90s.
It's not that Sports Authority wasn't popular in Hilo, it was. But the Sports Authority bankruptcy means all of its stores nationwide will close.
Pacific Business News: Sports Authority to Close All of Its Hawaii Stores.