Olympia Sports, a Maine-based sports retailer recently acquired by a private equity firm, will be closing all its stores by the end of September.
The company confirmed that all 35 stores would close by the end of September and that all stores have already started liquidation sales.
Olympia Sports was founded in 1975 by Edward Manganello, a Munjoy Hill native in Portland. The company opened the first store in the Maine Mall in South Portland and started by selling footwear, sporting equipment and clothing.
By 2013, Olympia Sports operated 226 locations from Maine to Virginia and was planning to expand by 20 stores per year.
76 stores were closed nationwide in November of 2019, including eight in Maine.
There are 35 remaining stores, which will all be closed by the end of September.
(With inputs from agencies)
A global media for the latest news, entertainment, music fashion, and more.
