Sports Authority Files for Bankruptcy; Online Shopping Cited

By Marcy Gordon AP Business Writer - Mar 3, 2016

Fans coveting their favorite team’s jersey with the personal touch of their name on the back are flocking online, likely not to the sports store at their local mall. Consumer habits are evolving. That looks to be one of the developments behind the financial travails of retail chains like The Sports Authority Inc., which filed for Chapter 11 bankruptcy protection Wednesday and plans to close or sell about a third of its 463 stores. The...