MC Sports files for Chapter 11 bankruptcy
MC Sports has filed for Chapter 11 bankruptcy and will have liquidation sales at all of its 68 stores.
The Grand Rapids-based sporting goods retail chain said in a statement it has faced increased competition from online retailers, direct sales by vendors and the “blurring of distribution channels by key athletic and outdoor brands.”
Despite moving to larger stores that combine hunting, fishing and outdoor goods with traditional sports gear, shoes and clothing, the company said it believed the bankruptcy filing and liquidation sales were necessary to address liquidity issues. The company said it has hired an advisory firm to explore “alternative options.” It is unclear if stores will close.
Founded in 1946 in Grand Rapids, the company has 22 Michigan stores, including locations at Lakeside Mall in Sterling Heights, Briarwood Mall in Ann Arbor and Town Square Shopping Center in Brighton.