Is Modells coming back?
Is Modells coming back?
Modell’s, a fourth-generation family-owned business with a flamboyant CEO, Mitch Modell, filed for bankruptcy protection March 11 and is now liquidating the business. It had 153 stores, primarily in the Northeast and Middle Atlantic.
What happened to Modells sports?
A company that is making a name for itself by buying up the intellectual assets of bankrupt retail brands has struck again. Retail Ecommerce Ventures acquired Modell’s Sporting Goods, which filed for bankruptcy in March and is liquidating all its stores, at a bankruptcy auction for $3.64 million.
When did Modells shutdown?
Modell’s Sporting Goods Inc. halted its going-out-of-business sales as customers shelter at home and states order most merchants to close. The bankrupt retailer stopped liquidation sales and closed all stores as of March 21, Chief Executive Officer Mitchell Modell said in an interview.