Big 5 Sporting Goods in San Luis Obispo is moving from Madonna Plaza to the Marigold Center on Broad Street.
“We are very excited about opening our newest store in San Luis Obispo’s vibrant market and believe the new location will enhance our proven ability to successfully fulfill the needs of sports enthusiasts in the community,” Big 5 President and CEO Steve Miller said in a company news release on the new store.
A manager for the Madonna Plaza location confirmed on Wednesday that the sporting goods store will be moving from its current spot to the Marigold Center but referred all requests for comment to the chain’s corporate office.
Requests for comment were not returned by Big 5 representatives as of Wednesday afternoon.
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The move comes after another sporting goods store, Sports Authority, relocated from downtown to the Madonna Plaza when Borders bookstore closed its location there in 2012. There are no sporting goods stores in the Marigold Center.
The new 9,900-square-foot location will open Sept. 4, according to the news release. No date was given for the closure of the slightly larger Madonna Plaza location (which takes up 10,000 square feet, according to the website for shopping center owner, Schottenstein Property Group).
According to investor information on the Big 5 website, the company currently has 426 stores in operation, including three other SLO County stores in Atascadero, Paso Robles and Pismo Beach. In 2013, the company saw sales increase to $993.3 million, though the second quarter reports show a 4.9 percent decrease in sales for the first half of the fiscal year.