Another sporting goods chain closing all locations, no bankruptcy
A nearly 30-year-old chain has opted for a managed closure and liquidation rather than fighting until bankruptcy.
Not every business that closes follows the same path.
Now, most businesses are like professional wrestlers. They hang on as long as they can and have a sad ending.
Related: Popular sneaker retail chain closing over 100 stores
It's very hard for a company, or at least for the owners of that company, to see the writing on the wall and make the decision to bow out gracefully. That's because, in many cases, someone who was successful always assumes that they're a minor course correction away from having that success again.
But as market conditions change, the demand for specific types of retail shifts. You don't, for example, see a lot of typewriter repair shops or vacuum stores.
Those were once crucial retailers, but their day has passed. In most cases, like with local video stores, retailers don't seen the end coming in time to make a major pivot. It does happen. There's a chain in New England that once rented videos which now offers tanning salon services.
