In the future, when you forget that Sports Authority went out of business and type in their website address, you’ll end up on a page owned by the defunct retailer’s biggest competitor. Dick’s Sporting Goods reportedly scooped up the Sports Authority name, including its domain names and customer mailing lists, for $15 million in the company’s intellectual property auction. Reuters reports that a source close to the auction shared that Dick’s was the big winner in this auction. The sporting goods retail landscape isn’t a promising one lately, but Dick’s did also reportedly win 31 leases for a total of $8 million, most likely in areas where it doesn’t currently have a store. When Sports Authority put its current stores up for sale as a going concern, which means buying the business and all of its inventory, liquidators made the highest bids , selling off inventory at nice discounts eventually. Buying the intellectual property of Sports Authority, as Reuters reports that Dick’s Sporting...
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