Olympia Sports Selects SB360 Capital Partners As Exclusive Agent To Conduct Closing Sale For 76 Stores

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Oct 31, 2019, 12:30 ET

WESTBROOK, Maine, Oct. 31, 2019 /PRNewswire/ -- Olympia Sports, the prominent Maine based athletic footwear and apparel chain, has selected SB360 Capital Partners LLC (www.sb360.com), as their exclusive agent to conduct "Store Closing" sales in 76 stores. Olympia, which was recently acquired by sports retailer JackRabbit, will continue to operate its remaining 75 stores under the Olympia Sports' banner. The 76 closing stores were not part of the acquisition.

The "Store Closing" sale starts Friday, November 1, and includes $44,000,000 of inventory from the top brands in athletic footwear and apparel. Storewide discounts will be offered on all Men's, Women's and Kids' sneakers, running shoes, basketball shoes, boots, joggers, sweatpants, hoodies, sweatshirts, long and short sleeved t-shirts, coats, socks, hats, and much more.

Olympia Sports opened their first store in 1975 in South Portland, Maine. Over the course of the next 44 years Olympia developed a premium athletic brand assortment sold in more than 150 locations throughout the Northeast, Mid-Atlantic, and Midwest.

Aaron Miller, Executive Vice President of SB360, said "Olympia Sports has been the destination store for sports enthusiasts throughout New England and beyond for decades. Because of their reputation in the markets they serve, the "Store Closing" discounts offered off Olympia's already competitive prices will make for a very fast-paced sale."

"The Olympia Sports stores occupy a space as the home-town favorite in most of the communities where the stores are located," said Ziggy Schaffer, Executive Vice President of SB360. "They're well known for providing superior customer service and offering great value on authentic athletic footwear and apparel. With liquidation pricing, Olympia's shoppers will have an opportunity to get the best product at the lowest price."

"The holidays are quickly approaching," Mr. Miller said. "There's no need to wait for Black Friday deals with Olympia's store closing discounts starting this weekend."

SB360 Capital Partners is one of North America's largest and most experienced companies providing asset disposition and advisory services. Over the last few months, SB360 has worked with retailers as diverse as Fred's Inc., Charlotte Russe, A'Gaci, Charming Charlie, and others to conduct liquidation and Store Closing events in more than 2,000 stores.

OLYMPIA SPORTS CLOSING LOCATIONS

Connecticut
Branhaven Plaza	1060 West Main St	Branford	06405
Bristol Commons Mall	123 Farmington Ave	Bristol	06010
Danbury Fair Mall	7 Backus Ave	Danbury	06816
Killingly Commons	2129 Killingly Commons Drive	Killingly	06241
Fairfield Plaza	116 Danbury Road	New Milford	06776
Sand Hill Plaza	228 South Main St	Newtown	06470
Compo Shopping Center	403 Post Road East	Westport	06881
Eastbrook Mall	95 Storrs Rd	Willimantic	06226

Delaware
Seaford Village	22982 Sussex Highway	Seaford	19973

Massachusetts
Auburn Mall	385 Southbridge St	Auburn	01501
Prudential Center	800 Boylston St	Boston	02199
Westgate Mall	200 Westgate Drive	Brockton	02301
Burlington Mall	75 Middlesex Tpke	Burlington	01803
Eastgate Plaza	288 Chelmsford St	Chelmsford	01824
Berdon Plaza	25 Berdon Way	Fairhaven	02719
Franklin Village Shopping Center	85 Franklin Village Dr	Franklin	02038
Timpany Plaza	356 Timpany Blvd.	Gardner	01440
Gloucester Crossing	331 Gloucester Crossing Rd	Gloucester	01930
Harwich Commons Shop. Plaza	1475 Orleans Rd	Harwich	02645
The Mall At Whitney Field	100 Commercial Rd.	Leominster	01453
Sunrise Plaza	1201 Bridge St	Lowell	01850-1293
Solomon Pond Mall	601 Donald Lynch Blvd	Marlborough	01752
Market Basket Plaza	25 Storey Ave	Newburyport	01950
North Andover Mall	350 Winthrop Ave	North Andover	1845
Emerald Square Mall	224 Emerald Square	North Attleboro	02760
Skaket Corner Shopping Center	9 West Rd	Orleans	02653
North River Plaza	125 Church St	Pembroke	02359
Rowley Marketplace	225 Newburyport Tpke	Rowley	01969-2011
Eastfield Mall	1655 Boston Rd	Springfield	01129
Silver City Galleria	2 Galleria Mall Dr	Taunton	02780
Gibbs Crossing	350 Palmer Rd	Ware	01082

Maryland
Aberdeen Marketplace	1016 Beards Hill Road	Aberdeen	21001-2315
Big Elk Shopping Center	143 Big Elk Mall	Elkton	21921-5912
North East Plaza	103 North East Plaza	North East	21901
Lake Shore Plaza	4159 Mountain Rd	Pasadena	21122

Maine
Bangor Mall	663 Stillwater Ave	Bangor	04401
Reny's Plaza	1 Belmont Ave	Belfast	04915
Biddeford Crossing	118 Shops Way	Biddeford	04005
Hannaford Plaza	121 Hannaford Dr	Farmington	04938
Freeport Square	140 Main St	Freeport	04032
The Center For Shopping Plaza	1364 Main St	Sanford	04073
South Paris	243 Main St	South Paris	04281
Wells Retail Center	913 Post Rd	Wells	04090

New Hampshire
Epping Crossing	31 Fresh River Rd	Epping	03042
Stop 'n Shop Plaza	137 Portsmouth Ave	Exeter	03833
Wal-mart Plaza	1458 Lakeshore Rd	Gilford	03249
Meredith Shopping Center	38 NH Rte 25	Meredith	03253
Fox Run Mall	50 Fox Run Rd	Newington	03801
Plaistow Shopping Center	34 Plaistow Road	Plaistow	03865
Cheshire Marketplace	497 Rte 202	Rindge	03461

New Jersey
Ocean Heights Shopping Center	31 Bethel Road	Somers Point	8244

New York
Wegman's Plaza	6544 4th Section Road	Brockport	14420
Roseland Center	3225 State Route 364	Canandaigua	14424
Putnam Plaza	1886 Route 6	Carmel	10512-2355
Hannaford Plaza	19 Clifton Country Rd	Clifton Park	12065
Cortlandville Crossing	854 State Rte 13	Cortland	13045
Delaware Plaza	180 Delaware Ave	Delmar	12054
Geneva Centre	321 Hamilton St	Geneva	14456
Widewaters Commons At Greenport	424 Fairview Ave	Hudson	12534-1063
Cold Brook Plaza	45 Hadjis Way	Lake Placid	12946-1270
Martin's Plaza	5837 South Transit Rd	Lockport	14094
New Paltz Plaza	24 New Paltz Plaza	New Paltz	12561
Price Chopper Plaza	137 State Road Rte 104	Oswego	13126

Pennsylvania
Chambersburg Crossing	909 Norland Avenue	Chambersburg	17201
Clarion Mall	22631 Route 68	Clarion	16214
7647 Lake Raystown Shop Ctr.	7647 Lake Raystown Shop Ctr	Huntingdon	16652
Hilltop Plaza	2 Hilltop Plaza	Kittanning	16201-8906
Shrewsbury Commons	570 Shrewsbury Commons Ave	Shrewsbury	17361
Loyal Plaza	1911 E 3rd St	Williamsport	17701

Rhode Island
Westerly Crossings	143 Franklin Street	Westerly	02891
Walnut Hill Plaza	1500 Diamond Hill Rd	Woonsocket	02895

Virginia
The Marketplace At Stafford	1240 Stafford Marketplace	Stafford	22556
Warrenton Village Shopping Ctr.	251 W Lee Highway	Warrenton	20186

Vermont
Royal Square Mall	766 Putney Rd	Brattleboro	05301
Green Mtn. Mall	2000 Memorial Dr	Saint Johnsbury	05403
University Mall	155 Dorset St	South Burlington	05819

About SB360 Capital Partners LLC

SB360 Capital Partners (www.sb360.com), a Schottenstein Affiliate, helps businesses manage change, restructure assets, and turn around dwindling profitability. SB360 makes equity investments to infuse capital for growth opportunities, fund turnarounds, and provide liquidity to businesses experiencing change. SB360 acquires assets of all types including inventory, fixed assets, intellectual property, real estate, and complete business units. The firm's asset disposition services range from providing guaranteed asset value recovery to acting as a liquidation consultant. Additionally, SB360 has entities engaged in real estate advisory, commercial real estate investment, and the operation of the SBC Logistics Asset Recovery Center in Columbus. A lending affiliate, Second Avenue Capital Partners, provides asset-based loans for middle market companies. The principals of SB360 hold extensive commercial interests in national retail and wholesale operations; internationally recognized consumer brands; commercial, residential, and industrial real estate properties; and financial service operations.

About Olympia Sports

Olympia Sports was originally established in 1975 at the Maine Mall in South Portland, ME and currently operates more than 150 convenient brick and mortar locations while also serving online customers via their e-commerce site, www.olympiasports.net. Olympia Sports has been a leader and household name when it comes to providing premium athletic specialty brands, sporting goods and superior customer service to their customers and local communities throughout the Northeast & Mid-Atlantic.

SOURCE SB360 Capital Partners LLC