Olympia Sports, the Maine-based athletic footwear and apparel chain, has selected SB360 Capital Partners as its exclusive agent to conduct store closing sales in 76 stores.
Olympia, which was recently acquired by sports retailer JackRabbit, will continue to operate its remaining 75 stores under the Olympia Sports banner. The 76 closing stores were not part of the acquisition.
The “sale starts Friday, November 1, and includes $44 million of inventory from the top brands in athletic footwear and apparel. Storewide discounts will be offered on all Men’s, Women’s and Kids’ sneakers, running shoes, basketball shoes, boots, joggers, sweatpants, hoodies, sweatshirts, long and short sleeved t-shirts, coats, socks, hats, and much more.
Olympia Sports opened its first store in 1975. Over the course of the next 44 years Olympia developed a premium athletic brand assortment sold in more than 150 locations throughout the Northeast, Mid-Atlantic, and Midwest.
“The Olympia Sports stores occupy a space as the home-town favorite in most of the communities where the stores are located,” said Ziggy Schaffer, executive vice president of SB360. “They’re well known for providing superior customer service and offering great value on authentic athletic footwear and apparel. With liquidation pricing, Olympia’s shoppers will have an opportunity to get the best product at the lowest price.”
