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That Could Never Happen In OUR Indus... Oh, Wait
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Dead: Sport Chalet, very well-known California sporting goods chain, killed because it could not compete with Dick's and REI and too many others. But also because, a while back, it was bought -- stop me if you've heard this before -- by a private equity firm that also bought Eastern Mountain Sports and Bob's Stores, and, surprise, things went south. So a chain is dead and people are out of work because some faceless firm decided it could make a quick buck on it and it didn't work. Imagine that. (Los Angeles Times)
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