Sports Authority to Close All of Its Stores

The final going-out-of-business sale is expected to start this weekend

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Sports Authority is getting ready to close all of its 463 stores and has launched a big going-out-of-business sale, according to NBC's "Today" show. 

The chain filed for bankruptcy protection a few months back, but its attempts to restructure its debt failed.

The final sale in Sports Authority stores is expected to start this weekend and last until end of August. 

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