Modell’s Sporting Goods store in North Brunswick Township, New Jersey. (Photo by Michael Brochstein/SOPA Images/LightRocket via Getty Images)
Michael Brochstein | SOPA Images | LightRocket via Getty Images
Sporting goods retailer Modell’s Sporting Goods filed for Chapter 11 protection in the U.S. bankruptcy court in New Jersey on Wednesday, citing a challenging retail environment.
The privately owned company, which calls itself the oldest U.S. family owned and operated sporting goods retailer, said it will continue to explore recapitalization through a potential sale of some or all its assets.
Source: Business - cnbc.com
