Modell's files Chapter 11 bankruptcy

Modell’s, America’s oldest family owned and operated retailer of sporting goods, athletic footwear, active apparel and fan gear, today announced that the Company has voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in New Jersey, citing a challenging retail environment.

It will continue to explore recapitalization through a potential sale of some or all its assets.

Modell’s has 153 stores, mostly on the East Coast.

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