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Defunct national sporting goods superstore chain; 460 locations closed in 2016 bankruptcy after LBO debt load and Amazon competition, trademark now owned by Authentic Brands Group.
Sports Authority was a major American sporting goods retail chain that operated approximately 460 superstores nationwide before filing for bankruptcy in 2016 and liquidating all its stores — representing one of the most significant retail failures in the sporting goods category, driven by competition from Amazon, Dick's Sporting Goods, and specialty retailers that outmaneuvered the chain on price, experience, and category depth. Founded in 1987 in Fort Lauderdale, Florida and acquired by Leonard Green & Partners in 2006 in a leveraged buyout, Sports Authority was never able to pay down its LBO debt load while simultaneously fighting Amazon's retail disruption.\n\nAt its peak, Sports Authority was one of the largest specialty sporting goods retailers in the United States, competing with Dick's Sporting Goods for national scale in a category that had historically been fragmented among regional chains. The company sold equipment and apparel across major sports categories — team sports, fitness, outdoor, golf, and winter sports. The large-format superstores typically occupied 40,000-50,000 square feet in suburban shopping centers and featured in-store brand shops and sporting goods departments.\n\nSports Authority's collapse in 2016 transferred approximately $1.2 billion in annual revenue to competitors — primarily to Dick's Sporting Goods, which absorbed many of its store locations and customer relationships, and to Amazon, which had been steadily winning online sporting goods transactions. The Sports Authority trademark and brand name were acquired by Authentic Brands Group (ABG) after the bankruptcy and has been used for licensed products, though no physical retail stores have been reopened under the name. The Sports Authority story is frequently cited as an example of LBO-debt-driven retail failure exacerbated by e-commerce disruption.
L'Oréal outperformed the global beauty market with €44B in 2025 sales and acquired Kering Beauté for ~€4B, accelerating into luxury fragrance and aesthetics.
L'Oréal S.A. was founded in 1909 by chemist Eugène Schueller in Paris and has grown into the world's largest beauty company, headquartered in Clichy, France, and listed on Euronext Paris. For fiscal year 2025, L'Oréal reported sales of €44.05 billion, up 4% like-for-like, outperforming an improving global beauty market, with gross margin rising to 74.3% and operating margin at 20.2%. The company operates across four divisions — Consumer Products (mass market), L'Oréal Luxe (prestige), Professional Products (salons), and Dermatological Beauty (dermo-cosmetics) — with a portfolio of 37 international brands including L'Oréal Paris, Lancôme, Maybelline, Kérastase, La Roche-Posay, and CeraVe.
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