US-based athletic footwear and apparel chain Olympia Sports has chosen asset disposition and advisory services provider SB360 Capital Partners as its exclusive agent for its 76 store closing sales.
SB360 has performed liquidation and store closing events in over 2000 stores for a range of retailers.
As a part of the closing process, the retailer has offered storewide discounts on all men’s, women’s and kids’ sneakers, running shoes, basketball shoes, boots, joggers, sweatpants, hoodies, sweatshirts, t-shirts, coats and more.
SB360 executive vice president Aaron Miller said: “Olympia Sports has been the destination store for sports enthusiasts throughout New England and beyond for decades.
“Because of their reputation in the markets they serve, the ‘store closing’ discounts offered off Olympia’s already competitive prices will make for a very fast-paced sale.”
SB360 executive vice president Ziggy Schaffer said: “The Olympia Sports stores occupy a space as the home-town favourite in most of the communities where the stores are located.
“With liquidation pricing, Olympia’s shoppers will have an opportunity to get the best product at the lowest price.”
Olympia Sports opened its first store in 1975 and has since sold athletic footwear and apparel in over 150 locations across the Northeast, Mid-Atlantic and Midwest, US, and also operates an online platform.
Last month, JackRabbit acquired the operations of Olympia Sports.