Modell’s Files For Bankruptcy, Plans To Liquidate
Modell’s Sporting Goods filed for Chapter 11 bankruptcy protection in New Jersey.
The family-owned retail chain will begin liquidation sales in all stores and plans to continue its online sales during the process.
Fourth-generation Owner Mitchell Modell had tried to line up support with its stakeholders to keep the chain out of court, including vendors and lenders, but ultimately fell short. […]