Modell’s Sporting Goods Inc. filed for bankruptcy on Wednesday after being unsuccessful in finding a buyer. As a result, Modell's Sporting Goods will be closing down all of its locations.
Modell's Sporting Goods is a sporting goods retailer with locations in Northeastern United States, with more than 150 retail locations in ten states and the District of Columbia in 2018. It was founded over 130 years ago in New York with its headquarters in Manhattan New York. Making it perhaps the 3rd oldest sporting goods store in North America.
Throughout the years Modell's has been a family-owned business going through its forth generation of leadership in this coming bankruptcy.
The chapter 11 filing in the U.S. Bankruptcy Court in Newark, N.J., happened under Mitchell Modell, the compan...