The filing, made in the United States Bankruptcy Court in the District of Delaware, listed the sporting retailer's biggest creditors as Nike (which is owed $1.27 million), Under Armour ($1.03 million), Asics ($1.03 million), and Patagonia ($1.01 million). filed for Chapter 11 bankruptcy protection on October 5, 2015, with assets and liabilities of between $10 million and $50 million. Both parties declined to release financial details of the deal.Ĭity Sports Inc. Ultimately, Highland estimated that the business had the potential to grow to around 300 stores across the United States. Highland purchased an 80% stake in the company, and planned to nearly triple the number of stores within the next five years. On March 11, 2008, the company announced that it had been acquired by the Highland Consumer Fund, a subsidiary of Highland Capital Partners, an investment firm. At its peak, the company operated 27 stores across seven states ( Massachusetts, New York, Rhode Island, Pennsylvania, Maryland, and Vermont and Washington, D.C.). Over the next thirty years, City Sports grew into an award winning specialty sports retailer in metropolitan locations along the east coast. Frustrated with their lack of success in finding the appropriate gear, they opened the first City Sports location on Massachusetts Avenue and began selling quality sporting goods merchandise with an emphasis on running and racquet sports. In November 1983, high school friends and tennis partners Mike Kennedy and Eric Martin were living and working in Boston and were frequently unable to find quality branded sporting goods merchandise in a single downtown location to satisfy their year-round athletic interests. Post-bankruptcy the company now operates an e-commerce site with plans for future brick and mortar locations. Founded in 1983 by Mike Kennedy and Eric Martin, two Boston locals, the company grew across state borders and operated 27 stores in eight states.

City Sports is an American sporting goods retailer that re-launched in the spring of 2017 after being purchased during bankruptcy liquidation in December 2015.

City sports club corporate office