Sports Authority to close all remaining stores

CNN Money reports:

Sports Authority, once the nation's largest sporting goods retailer, will close its remaining stores after failing to find a buyer for them.

The bankrupt company plans to conduct going-out-of-business sales at all of its locations that weren't already slated to close, according to a new bankruptcy court filing in Delaware

It also said it found a group of buyers for its remaining assets, including inventory, furniture and other fixtures.

Can you say the supply of available square footage is going up?