After over 70 years as a sporting goods and apparel retailer, Grand Rapids-based MC Sports filed for Chapter 11 bankruptcy protection on Feb. 14 and today announced it will close its stores in Michigan, Ohio, Indiana, Illinois, Iowa, Wisconsin, and Missouri.
MC Sports was one of the few privately held sporting goods chains throughout the country, and currently operates 24 stores in Michigan, including a store in Sterling Heights.
A joint venture between New York-based Tiger Capital Group and Los Angeles-based Great American Group will facilitate the going-out-of-business sale, which is currently underway.
“We are witnessing a unique era of consolidation in sporting goods retailing due in part to the rapid growth of e-commerce,” says Michael McGrail, COO of Tiger Group. “But stabilization is an inevitability; chain-wide store-closure events such as this won’t continue forever in sporting goods.”
MC Sports is now offering significant discounts on over $110 million in merchandise, with featured brands including Nike, Under Armour, Adidas, Century, Everlast, Fitbit, Merrell, Mizuno, K-Swiss, Asics, Calloway, Dunlop, Titlist, Wilson, Coleman, CamelBak, Easton, Louisville Slugger, and more.
The company originally sold men’s clothing and military surplus, and launched as Michigan Clothiers in 1946, but changed its name it MC Sports in 1962 to reflect a focus on sports equipment, footwear, and apparel.
A full list of MC Sports locations can be found here.