The massive sporting goods retailer has announced that it will close all 463 stores this summer and lay off approximately 14,500 people as they begin liquidating the company.
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Caterpillar Inc. will close five U.S. plants and shed about 820 positions, cutting production under a plan to close or consolidate about 20 facilities through 2018.
After announcing the closing of 140 stores earlier this year, Sports Authority has now announced a May 16th auction as the last chance to save the company before the 463 remaining stores close.
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