Olympia Sports
{{Use mdy dates|date=June 2023}}
{{short description|Retail company}}
{{more citations needed|date=February 2016}}
{{infobox company
| name = Olympia Sports
| logo = Olympia sports.png
| image = Olympia Sports (Webster, Massachusetts) (24236337837).jpg
| image_caption = An Olympia sport store in Webster 2017
| type = Private company
| industry = Retail
| foundation = {{Start date |1975 }}
| founder = Ed Manganello
| defunct = {{End date |2022|09 }}
| fate = Bankruptcy and liquidation
| location = Westbrook, Maine, United States
| locations = 152 (2015)
| products = Sporting goods
| website = {{URL |https://olympiasports.net }}
}}
Olympia Sports was an American sporting goods retail company. The company was founded in 1975 in Portland, Maine. Before it went under liquidation, Olympia Sports had 152 locations, mostly across New England, New York, and the Mid-Atlantic. It was headquartered in nearby Westbrook, Maine, and had a flagship store in Boston.
Olympia Sports also housed the Olympia Sports Foundation, a non-profit clothing bank, where unused clothing and vendor materials are donated to individuals in need. The foundation was shut down in 2016 as a cost-saving measure.
History
The company was founded in 1975 in Portland, Maine and grew to 152 stores mostly across New England, New York, and the Mid-Atlantic.
In October 2019, it was announced that Denver, Colorado-based JackRabbit would purchase 75 of the remaining 152 stores, the other 77 stores to be liquidated.{{Cite web|url=https://www.syracuse.com/business/2019/12/see-list-of-76-olympia-sports-stores-that-are-closing-including-12-in-upstate-new-york.html|title = See list of 76 Olympia Sports stores that are closing|date = December 30, 2019}}
On May 5, 2022 Schottenstein Stores acquired some of the locations and began liquidation sales.{{Citation needed|date=January 2024}}
On July 22, 2022, it was announced that all of the remaining Olympia Sports stores would be liquidated and closed by the end of September.{{Cite web |last=Jordan Andrews |date=July 22, 2022 |title=After 46-year run, Olympia Sports to close its doors |url=https://www.pressherald.com/2022/07/22/after-46-year-run-olympia-sports-to-close-its-doors/ |access-date=July 22, 2022 |website=Press Herald}} In September 2022, Olympia filed for Chapter 11 bankruptcy.{{Cite web |title=Olympia Sports files for bankruptcy as it works through liquidation |url=https://www.retaildive.com/news/olympia-sports-files-bankruptcy-works-through-liquidation/631716/ |access-date=2024-01-15 |website=Retail Dive |language=en-US}}
On February 17, 2023, it was announced that all of the remaining Olympia Sports intellectual properties were sold to Albert Fouerti at an auction.{{Cite web |last= |first= |date=2023-02-22 |title=Brooklyn Entrepreneur Albert Fouerti Acquires Olympia Sports |url=https://fox59.com/business/press-releases/ein-presswire/618257328/brooklyn-entrepreneur-albert-fouerti-acquires-olympia-sports/ |access-date=2024-01-15 |website=Fox 59 |language=en-US}}{{Cite web |title=Olympia Sports, Clever Training assets sold to Brooklyn company |url=https://www.bicycleretailer.com/industry-news/2023/02/15/olympia-sports-clever-training-assets-sold-brooklyn-company |access-date=2024-01-15 |website=Bicycle Retailer and Industry News |language=en}}
References
{{Reflist}}
External links
{{commons category}}
- {{Official website|www.olympiasports.net}}
Category:Defunct retail companies of the United States
Category:Sporting goods retailers of the United States
Category:Retail companies established in 1975
Category:Retail companies disestablished in 2022
Category:Companies that filed for Chapter 11 bankruptcy in 2022
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