Nathan Andrada – Fourth Estate Contributor
Los Angeles, CA, United States (4E) – Sport Chalet said on Saturday that it is closing its doors in all its 51 stores, ending a 57-year business that was started in 1959 by German immigrants Norbert and Irene Olberz .
The sporting goods retailer, which operates in Arizona, Utah, Nevada and California, has faced intensifying competition from online retailers and discounter retailers over the past few years.
Sport Chalet said that it has started the process of closing both its physical and online stores on April 16. While its online store is no longer available, all physical stores will continue to be open to customers for several weeks and will still honor remaining rewards and gift cards, according to the company’s website.
A spokesman for Sport Chalet and Vestis — which acquired the regional chain in 2014 — did not provide additional details on Saturday beyond the statement posted on the company website.
For several years, Sport Chalet has struggled financially and last recorded an annual profit in 2007. The company had over $ 52mn in debt when Vestis purchased it for a price tag of $ 17mn .