Olympia Sports
 | |
| Company type | Sporting goods store |
|---|---|
| Industry | Retail |
| Founded | 1975 |
| Founder | Ed Manganello |
| Defunct | September 2022 |
| Fate | Bankruptcy and liquidation |
| Headquarters | Westbrook, Maine, United States |
Number of locations | 152 (2015) |
| Products | Sporting goods |
| Website | https://olympiasports.net, olympiasport.com |
Olympia Sports was a 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.
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.[1] [2]
On May 5, 2022 Schottenstein Stores acquired some of the locations and began liquidation sales.[citation needed]
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.[3] In September 2022, Olympia filed for Chapter 11 bankruptcy.[4]
On February 17, 2023, it was announced that all of the remaining Olympia Sports intellectual properties were sold to Albert Fouerti at an auction.[5][6]
References
- ^ "See list of 76 Olympia Sports stores that are closing". December 30, 2019.
- ^ Hall, William. "Olympia Sports sold to Denver-based chain, will close 77 stores", Mainebiz, October 10, 2019
- ^ Jordan Andrews (July 22, 2022). "After 46-year run, Olympia Sports to close its doors". Press Herald. Retrieved July 22, 2022.
- ^ "Olympia Sports files for bankruptcy as it works through liquidation". Retail Dive. Retrieved January 15, 2024.
- ^ "Brooklyn Entrepreneur Albert Fouerti Acquires Olympia Sports". Fox 59. February 22, 2023. Retrieved January 15, 2024.
- ^ "Olympia Sports, Clever Training assets sold to Brooklyn company". Bicycle Retailer and Industry News. Retrieved January 15, 2024.