Olympia Sports goes bankrupt. This means that all of the company’s outlets, including the Dartmouth Mall store, will close.
I spoke with a management official at the Dartmouth site, not authorized to speak on behalf of the company, who told me that officials had been notified of the closure on Monday. A liquidation sale began on Thursday.
I’m told the Dartmouth Mall store will close in a few months or whenever “everything is gone, including the light fixtures”.
After Maine-based Olympia sold its 151 stores to Colorado-based JackRabbit in 2019, the new owners decided to cut 76 stores months before the COVID pandemic began.
Schottenstein Stores purchased the stores from JakcRabbit in May 2022 and began liquidating unprofitable stores.
My source tells me that the remaining stores have been denied credit by their sellers, such as 24/7, which carries popular sports jerseys and other items. Only Champion would give credit. As a result, many chain stores, including the one in Dartmouth, were unable to stock items bearing the logos of the New England Patriots, Boston Bruins, and other regional sports teams.
The Dartmouth Mall Olympia Sports is the latest in the immediate SouthCoast area to close. Stores in Swansea, Taunton and Fairhaven have long since closed. Wareham also closed recently.
All remaining Olympia Sports stores are currently offering 10%-30% off, but the discount will increase weekly until it’s all gone.
Olympia Sports was founded in 1975 in Portland, Maine. All remaining stores are located in the Northeast with the flagship store located in Boston.