City Sports Files for Bankruptcy, Says it Will Sell Itself Off or Close Down

City Sports Inc., the retailer launched more than 30 years ago in Boston by a pair of high school friends, plans to shut eight of its 26 stores and sell the rest after filing for bankruptcy protection on Monday. If a buyer cannot be found, the chain will be liquidated, according to documents submitted to U.S. Bankruptcy Court in Delaware. The filing came less than three months after the struggling chain brought in longtime retail executive Marty Hanaka as chief executive to help with a turnaround.