Forbes.com: Sports Authority closing all 450 stores nationwide

Sports Authority will apparently be no more. According to Forbes.com, the sporting goods retailer is closing all of its stores.

According to Forbes, the liquidation will be the final chapter in the quest to reorganize under Chapter 11 bankruptcy protection.

Forbes is reporting that Sports Authority officials notified the United States Bankruptcy Court that the company would be unable to reorganize -- and would instead pursue a sale -- meaning all 450 Sports Authority stores nationwide will close.

When Sports Authority officials filed for Chapter 11 in March, they said 140 stores would close, along with two distribution centers.

There are four Sports Authority stores in the Milwaukee area: