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New owners are game to rebuild Olympic Sports. (sporting goods retailer)
But industry's turmoil places hurdles ahead
The new owners of beleaguered sporting-goods retailer Olympic Sports Inc. have shuttered its 44,000-square-foot Bellevue store as they attempt to retool the last link in the former eight-store chain.
The company's smaller remaining outlet, at Northgate, serves as an object lesson in this segment of the industry. It's what happens when a retail category is plagued by a glut of space filled with merchandise catering to limited demand.
Last year, one of the nation's biggest names in the category, Herman's Sporting Goods, went bankrupt. Locally, Everett Ski & Sports went out of business. And Pedersen's Ski & Sports, a …
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