A sporting goods distributor that has several stores in Ohio -- some in Cincinnati -- has announced its recent filing for Chapter 11 bankruptcy. It announced that liquidation sales would immediately commence at all 68 its stores nationwide. This came after the company was unable to reach agreements related to business debt in out-of-court negotiations.
According to a spokesperson for MC Sports, it suffered similar hardships to those reported by others in the same industry, namely increased competition from the e-commerce industry, direct sales and more. The company is moving its focus away from only sports apparel, footwear and other sports gear. Fewer, larger stores will include outdoor sports categories such as fishing, hunting and more.