MC Sports on Mission Street to close
MC Sports, located at 1412 S. Mission St., will close after the company filed for Chapter 11 bankruptcy last month.
Stephen Grow, MC Sports' lawyer, said the decision was announced after the company was unable to secure enough cash to purchase spring inventory, according to MLive.
"This is a sad day and we are trying to make the best of a bad situation. We just ran out of cash," Grow said.
The sporting goods store will have a sale with merchandise 10 to 30 percent off, excluding firearms and fire extinguishers.
Central Michigan Life visited the Mission Street location on Feb. 21, and employees said they were not allowed to discuss the closing. Employees also said they did not know when the store would officially close.
MC Sports filed bankruptcy Tuesday, Feb. 14, according to MLive. A judge signed the store's bankruptcy plan on Thursday, Feb. 16. MC Sports will close all 23 of its Michigan stores, including its Mount Pleasant location.
The sale has been described as "everything must go."
MLive reported MC Sports will also close 68 locations in seven states. Grow told MLive that MC Sports is looking for a buyer who will take on the company's stores, but said it will sell off all merchandise by late April or early May.
MC Sports was founded in Grand Rapids in 1946. Its website states that $110 million worth of inventory must be sold. The store sells items such as sporting goods, hunting and fishing gear and apparel for college and professional teams.
The company competed with two other sporting goods stores in Mount Pleasant, which remain open today. Dick's Sporting Goods operates in the Indian Hills Plaza on Bluegrass Road, while Dunham's Sports is located at 2129 S. Mission Road.