Content about Sports Authority

Englewood, Col. -- Sports Authority has announced the launch of its first-ever customer rewards program, The League, which offers members 5% back on their total point balances of 100 points or more earned quarterly.

The program offers one of the highest reward funding rates, as well as the lowest reward threshold amongst leaders in the full-line sporting goods retail industry, allowing members qualify for rewards sooner, the retailer said.
 

New York City -- Sports Authority will open its first S. A. Elite stores outside of Colorado and California in two locations in the Chicago suburbs in November, according to Crain’s Chicago. As additional Elite store will open in Chicago’s Water Tower center next spring.

The stores will range from 11,000 sq. ft. to 15,000 sq. ft., and feature an edited collection of merchandise that emphasizes tennis, golf and yoga.

It’s not easy keeping up with the comings and goings of retail executives these days. Every day seems to bring a change at -- or near -- the top. Hot-off-the-wire is the news that David Campisi, president and CEO of Sports Authority president and CEO, has suddenly resigned after just 17 months in the position. He will be replaced on an interim president by Darrell Webb, currently chairman and CEO of Jo-Ann Stores!

New York City -- David Campisi, CEO and president of Sports Authority has suddenly resigned after just 17 months in the position, according to The Denver Post and other newspapers. Campisi joined Sports Authority in 2004 and served in various executive roles prior to being named chief executive and president in 2010. No reason has been given for the departure.

Englewood, Colo. -- Sports Authority said Tuesday it will open six new stores on Aug. 13.

The new stores will open in five states, and include the major markets of Miami, Los Angeles, Salt Lake City, Chicago and Milwaukee.
 

Hudson, Ohio -- Jo-Ann Stores said Thursday it has agreed to be acquired by an affiliate of private-equity firm Leonard Green & Partners for $1.6 billion in cash.

Los Angeles-based Leonard Green’s acquisition of the U.S.’s largest fabric retailer follows its $3 billion purchase of J. Crew, announced in late November.

Going private will enable Jo-Ann Stores to renovate stores and accelerate the chain’s expansion. It currently operates 756 stores.