Sports Authority filed for Chapter 11 bankruptcy protection this week, a move that had been expected after the retailer fell behind on payments toward its debts of more than $1 billion. Sports Authority is expected to stay in business through this process, but the company says it will lay off some 3,400 people and close 140 of its 464 stores across the country. An updated closing list shows that the Rockville store on Rockville Pike and the Gaithersburg store at Rio/Washingtonian Center are expected to remain open. But several other Maryland stores, including a second Gaithersburg location near Lakeforest Mall, will be shutting down. If you’re holding a Sports Authority gift card or store credit, now would be a good time to use it: There’s no telling how long those credits will be honored.
