write down detailed on sport authority
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The Sports Authority, Inc. was founded in Lakes Mall in Lauderdale Lakes, Florida by a syndicate of venture capital groups and several key founding executives. Jack A. Smith, formerly COO of Herman's World of Sports, CEO; Roy M. Cohen, Senior Vice President and General Merchandise Manager; Richard Lynch, Senior Vice President and CFO and Arnold Sedel, Vice President of Stores Operations were the founding executives. The venture capital syndicate was led by William Blair Venture Partners and included First Chicago Venture Partners, Bain Capital, Phillips-Smith Venture Partners, Marquette Venture Partners, and Bessemer Securities.
The Sports Authority, Inc. opened its first store in November 1987 in Fort Lauderdale, Florida. In 1990, Kmart acquired the company.[7] Five years later, The Sports Authority had expanded to 136 stores in 26 states, and was spun off from parent Kmart.
Its headquarters were in Lauderdale Lakes,[8][9] near Fort Lauderdale.
The Sports Authority, Inc. opened its first store in November 1987 in Fort Lauderdale, Florida. In 1990, Kmart acquired the company.[7] Five years later, The Sports Authority had expanded to 136 stores in 26 states, and was spun off from parent Kmart.
Its headquarters were in Lauderdale Lakes,[8][9] near Fort Lauderdale.
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