Olympia Sports, the Maine-based sporting goods chain that once had more than 200 stores on the East Coast, is shuttering its remaining 35 stores.
The company confirmed that the stores would close by the end of September and that liquidation sales had begun at all locations.
Olympia Sports was founded in 1975 by Edward Manganello, who opened his first store at the Maine Mall in South Portland. By 2013, it had 226 locations from Maine to Virginia, the Portland Press Herald reported.
In October 2019, Olympia Sports was acquired by CriticalPoint, a Los Angeles-based private investment firm, and 76 stores were closed at the time. Olympia Sports became part of CriticalPoint’s active lifestyle platform, mainly consisting of the JackRabbit running chain, which it acquired in 2017.
Last December, Fleet Feet acquired the JackRabbit running stores, with the Olympia Sports chain remaining under the ownership of CriticalPoint.
CriticalPoint also recently sold Shoes.com to Designer Brands, the parent of DSW.
