Wednesday, February 12, 2020

Modell's works with vendors, landlords to avoid bankruptcy

Retail Dive
Modell's Sporting Goods has again turned to strategic advisory firm Berkeley Research Group and law firm Cole Schotz for restructuring advice after a rough several months, CEO Mitchell Modell told Retail Dive, confirming a Tuesday Debtwire report. However, he also said that a bankruptcy filing is off the table for now.

The Northeast sporting goods retailer closed nine stores just this year and is considering other closures as leases expire, he also said.. . . more