Sporting goods chain Modell's to close its remaining stores

Modell's Sporting Goods, the century-old family-owned sporting goods chain, has filed for Chapter 11 bankruptcy and will be closing its remaining 100-plus stores.

News 12 Staff

Mar 11, 2020, 10:38 PM

Updated 1,596 days ago

Share:

Sporting goods chain Modell's to close its remaining stores
(AP) - Modell's Sporting Goods, the century-old family-owned sporting goods chain, has filed for Chapter 11 bankruptcy and will be closing its remaining 100-plus stores.

It becomes the latest traditional retailer to succumb to a fast-changing environment. In recent years Payless ShoeSource Corp., Toys R Us and children's chain Gymboree have filed for Chapter 11 reorganization or liquidated their operations.

It couldn't be learned immediately how many jobs would be lost with the shuttering of Modell's.

The New York-based retailer known to New Yorkers for its “Gotta Go to Mo’s” advertising slogan, said Wednesday it will start liquidation sales Friday morning. It will team up with Tiger Capital Group to oversee the going-out-business sales. Tiger had helped the company liquidate 19 stores.

Modell's has had its own challenges and the liquidation in 2016 of sporting goods giant Sports Authority, a 450-store chain, didn't offer much respite. The chain, which sold mid-priced active wear brands, faced increasing competition from Dick's Sporting Goods, the only national sporting goods chain left. Dick's recently pulled out of a sales slump by focusing on service at the stores and catering more to women.

Meanwhile, Modell's wrestled with more competition from Target, Walmart and Kohl's, all of which are sprucing up their activewear lines. Amazon has been stepping up its assortments too. And at the high end, shoppers have options like Lululemon and Gap's Athleta.

“Modell's didn’t stand out," said Neil Saunders, managing director at GlobalData Retail. “There's a lot more competition."

Founded in 1889 by Morris A. Modell, the first Modell's store was located on Cortlandt Street in lower Manhattan, according to the company website. The chain, which is being run by the fourth generation of the Modell family, developed the business into a chain of over 150 stores throughout the Northeast.


More from News 12
1:42
North Rockland man to compete in Olympic Games, representing Ireland in shot put

North Rockland man to compete in Olympic Games, representing Ireland in shot put

1:56
Thursday brings another unsettled weather day, but better forecast follows

Thursday brings another unsettled weather day, but better forecast follows

1:38
Best of Westchester 2024 Party brings the county together for its biggest talents

Best of Westchester 2024 Party brings the county together for its biggest talents

0:41
Biden delivers solemn call to defend democracy as he lays out his reasons for quitting race

Biden delivers solemn call to defend democracy as he lays out his reasons for quitting race

1:25
Police: 1 hospitalized in afternoon Mount Vernon shooting

Police: 1 hospitalized in afternoon Mount Vernon shooting

1:43
Poughkeepsie residents fight to keep adult shelter out of neighborhood

Poughkeepsie residents fight to keep adult shelter out of neighborhood

1:23
Officials criticize Social Security Administration for sudden closure of Newburgh offices

Officials criticize Social Security Administration for sudden closure of Newburgh offices

0:58
2 Croton-on-Hudson housing proposals draw ire from some residents

2 Croton-on-Hudson housing proposals draw ire from some residents

0:30
Residents question water tower repairs in Unionville after county violation notice

Residents question water tower repairs in Unionville after county violation notice

1:36
Greenburgh to fix one of its worst intersections

Greenburgh to fix one of its worst intersections

0:28
Wallkill man arrested for DWI, drug possession in Ulster County

Wallkill man arrested for DWI, drug possession in Ulster County

0:22
North Salem School Board places superintendent on administrative leave

North Salem School Board places superintendent on administrative leave

0:38
Wildlife photographer helps hawk in distress in Rockland County

Wildlife photographer helps hawk in distress in Rockland County

0:37
$5,000 reward offered for information on suspect in fatal shooting

$5,000 reward offered for information on suspect in fatal shooting

1:05
Headlines: Cocaine sentencing in Port Jervis, barn fire death, cause of plane crash released

Headlines: Cocaine sentencing in Port Jervis, barn fire death, cause of plane crash released

4:23
Sen. Bob Menendez to resign from office Aug. 20 following corruption conviction

Sen. Bob Menendez to resign from office Aug. 20 following corruption conviction

1:27
What's Cooking: Uncle Giuseppe's Marketplace's shrimp with leeks and beans

What's Cooking: Uncle Giuseppe's Marketplace's shrimp with leeks and beans

1:49
Mamaroneck tackles chronic flooding with new study and projects

Mamaroneck tackles chronic flooding with new study and projects

0:28
Susan Siegel projected winner in Yorktown council election

Susan Siegel projected winner in Yorktown council election

0:14
LEGOLAND New York seeks master model builder in 'Brick Factor Model Builder' competition

LEGOLAND New York seeks master model builder in 'Brick Factor Model Builder' competition