(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.
“Modell's stores will initiate store closing liquidation sales of sporting goods equipment, footwear, team apparel and active apparel to sports fans in all stores and will continue its online sales during this process,” the company said in a statement.
To contact the reporter on this story: Katherine Doherty in New York at kdoherty23@bloomberg.net
To contact the editors responsible for this story: Rick Green at rgreen18@bloomberg.net, Nicole Bullock
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