September 25, 2016 10:43 AM ET

Specialty Retail

Company Overview of City Sports, Inc.

Company Overview

City Sports, Inc. retails specialty sports products. The company retails performance footwear, apparel, accessories, and equipment for athletes and active lifestyle enthusiasts (women, men, and kids) in sports. It serves customers through retail stores and online. The company was founded in 1983 and is based in Boston, Massachusetts, with retail stores in the District of Columbia, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Rhode Island, Vermont, and Virginia.

77 North Washington Street

5th Floor

Boston, MA 02114

United States

Founded in 1983

Phone:

617-391-9100

Key Executives for City Sports, Inc.

Chief Executive Officer and Director
Age: 66
Compensation as of Fiscal Year 2016.

City Sports, Inc. Key Developments

Notice of Cancellation of Auction Filed by City Sports, Inc.

City Sports, Inc. filed a notice of cancellation of sale of its certain assets in the US Bankruptcy Court on December 4, 2015. As per the notice, debtor does not receive any qualified bid for the assets by the bid deadline of December 4, 2015. Therefore, auction to be held on December 7, 2015, has been cancelled.

Bidding Procedure Approved for City Sports, Inc.

The US Bankruptcy Court gave an order approving the bidding procedures relating to the sale of certain assets of City Sports, Inc. on November 23, 2015. The debtor’s assets include unexpired, nonresidential real property leases. To qualify as a qualified bidder, interested parties should submit their bids by December 4, 2015. The debtor has scheduled an auction on December 7, 2015. The sale hearing is scheduled for December 17, 2015.

Notice of Cancellation of Auction Filed by City Sports, Inc.

City Sports, Inc. filed a notice of cancellation of auction in the US Bankruptcy Court on November 19, 2015. As per the notice filed, the debtor did not receive any qualified bids for the sale of unexpired, nonresidential real property leases. The debtor will request the Court to approve the date and time of the December auction and the bid deadline in connection therewith with at the hearing on November 23, 2015.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 25, 2015
--
Bankruptcy
October 5, 2015
--
 

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