Olympia Sports, Antero Brands’ athletic footwear and apparel chain, has selected SB360 Capital Partners, as its exclusive consultant to conduct “Going Out of Business” sales in its remaining 34 stores. Earlier this year, SB360 began a series of strategic “Store Closing” or “Total Inventory Blowout” events in select Olympia locations with the most recent group closed in August.
SB360 began working with Olympia Sports in 2019 when the original company was acquired and 76 of the company’s 150 stores were excluded from the acquisition. SB360 was selected to operate “Store Closing” sales in those locations.
Olympia Sports was founded in South Portland, Maine in 1975. For nearly five decades, Olympia has sold a premium athletic branded assortment in locations throughout the Northeast, Mid-Atlantic and Midwest. The remaining stores are part of the Antero Brands retail group.
The “Going Out of Business” sale is already underway in the 34 stores and includes inventory from the top brands in athletic footwear and apparel. Storewide discounts up to 75% off are featured 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. The stores will close by the end of September.
“Olympia Sports is a destination store in many of the communities they serve. With their vast selection and superior service, Olympia’s appeal is broad and has spanned a couple of generations,” Aaron Miller, president of SB360, said. “Their reputation combined with their popularity in each market has resulted in a very fast-paced sale. While quantities last, the “Going Out of Business” discounts give Olympia Sports’ shoppers the opportunity to get the most significant savings these stores have ever offered.”
“The Olympia Sports stores are a home-town favorite, and customers have been responding well to the sale,” Ziggy Schaffer, COO of SB360, said. “The stores have been receiving the last of their on-order shipments, and the merchandise is going out the door as quickly as it comes in. Customers are sad to see these Olympia Sports stores close, but they’re taking advantage of great product offered at a great price.”