FILE PHOTO: A man waits to check out from shopping at a Modell’s Sporting Goods store in New York, U.S., May 11, 2016. REUTERS/Shannon Stapleton
March 11, 2020
(Reuters) – 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.
(Reporting by Praveen Paramasivam in Bengaluru; Editing by Arun Koyyur)
