LOS ANGELES (CBSLA.com) — Sports Authority is planning to file for bankruptcy, Bloomberg Business reports.

It has a debt payment due in 10 days and is talking about a reorganization deal with lenders. Part of the bankruptcy plan includes possibly closing 200 of its 450 stores across the country.

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Bloomberg reports the retailer is at least $643 million in debt as it struggles to compete with competitors like Dick’s Sporting Goods, Lululemon Athletica and even Amazon.

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The company, based in Englewood, Colorado, was once the biggest sporting-goods chain in the United States.

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There are 76 Sports Authority stores in California.