Iconic athletic store and Olympia rival abruptly closes – and slashes prices on everything by 50 percent in huge sale

A POPULAR sports store and Olympic rival is reportedly closing its doors – and discounting its iconic sportswear by up to 50 percent.

Shoppers rush to the Nike Factory Store in Tyler, Texasto cash in on their favorite Swoosh-branded apparel following the surprise reveal.

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However, customers only have a few days left to save money at the store located in The Village At Cumberland Park shopping center on S. Broadway.

That’s because Nike According to shocked buyers on social media, the factory will close permanently on Monday, May 15.

According to reports, the store is one of several Nike stores that have been permanently closed in the United States KTYL.

In January, Nike left its only Seattle location. And late last year, Nike Complex said it plans to close its NikeLab store in New York City in 2023 when its lease expires.

Yahoo It was recently reported that the worst of the “retail apocalypse may be over”. covid Lockdowns “do not mean the losses are over” for some firms.

Popular sports retailers – including Nike – are closing some of their own stores, while popular chain Olympia Sports announced in July 2022 that it would close permanently before the end of the year, it said.

In Texas, CBS19 reported that employees at the Nike Factory Store confirmed the retailer would be closing its doors and is now selling some of the merchandise at up to 50 percent off.

Nike customer Brian Jones said on Facebook that there was “50% off everything in store – clothing, shoes, gear, accessories, etc.”

Fellow buyer Chatonda Hall replied, “You better hurry, there was a line around the building yesterday.”

A store manager told a KTYL reporter, “We do not comment.”

The US Sun has reached out to Nike for comment.

This news comes as a theft from retailers around the world US has increased, and many others are closing for other reasons during the so-called “Retail Apocalypse.”

Walmart That’s what CEO Doug McMillion said recently CNBC Squawk Box that the company has “historically high” theft rates.

This could lead to price increases on items and store closures.

Macy’s is currently in the process of closing 150 branches.

Bed Bath & Beyond is currently in the midst of a debt crisis and Closure of over 120 locations.