Tuesday, Grand Rapids based MC Sports announced they would be filing for Chapter 11 Bankruptcy protection.

Well now after failing to reach an out-of-court settlement with its creditors the sporting goods business that’s been based out in Grand Rapids for 70 years is closing all 66 locations.

The company has 24 locations in Michigan and employs more than 1,300 people overall.  According to WOODTV, all the stores have begun their going-out-of-business sale.

The announcement Tuesday said online shopping and other competition as to why they were unable to pay back their debt to creditors.

Source: WOODTV

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