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Modell’s Sporting Goods Files for Bankruptcy, Closing All Stores

  • Liquidation sales begin Friday, online sales will continue
  • A venerable family-owned chain is felled by retail apocalypse
Consumers May Pay More For Sporting Goods In Latest Sign Of Price Inflation

Photographer: Timothy Fadek/Bloomberg

Modell’s Sporting Goods Inc. sought court protection from its creditors and plans to close all its stores, unable to keep up with larger rivals and web competition.

The family-owned retail chain’s Chapter 11 bankruptcy petition was filed in New Jersey. The chain will begin liquidation sales of sporting goods in all stores and plans to continue its online sales during the process.