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Tokyo-Area Running Specialty Chain Art Sports Declares Bankruptcy

https://headlines.yahoo.co.jp/hl?a=20170510-00010001-teikokudb-ind translated and edited by Brett Larner Headquartered in Shibuya, Tokyo, retailer  Art Sports Co., Ltd. filed for bankruptcy in the Tokyo District Court on May 9, receiving a decision later the same day to commence bankruptcy proceedings. Attorney Michio Suzuki of the Hashimoto Sogo firm represented the company in the application, with attorney Akihisa Kagawa of the Kagawa firm acting as bankruptcy trustee. Art Sports was founded in April, 1967, celebrating its 69th anniversary as a premier sporting goods retailer last month, operating eight stores in the Tokyo area as well as an online shopping portal. Primarily handling running gear and tennis goods, it expanded its operations to also deal with equipment for sports cycling, mountaineering and other outdoor activities in its separate "Art Sports," "OD Box" and "Annex" outlets. For the fiscal year ending February, 1991 it posted annu...