October 26, 2020

Volume X, Number 300

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October 23, 2020

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Modell’s Sporting Goods Poised to File for Chapter 11 Bankruptcy

Modell’s Sporting Goods, the 130-year old athletic gear company with 140 leases, appears to be readying for Chapter 11 bankruptcy protection. The New York Post reported that the company has ceased both seeking an investor and better terms from its vendors.

The Real Deal reported that the company may have Denver-based sportswear retailer JackRabbit as a buyer. JackRabbit purchased Olympia Sports last year.

If Modell’s files, it will join prior sporting goods retailers, who have filed for bankruptcy protection during the last few years, including Sports Authority, EMS, and Gander Mountain.

COPYRIGHT © 2020, STARK & STARKNational Law Review, Volume X, Number 70
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About this Author

Thomas S. Onder, Stark Stark Law Firm, Retail Litigation Lawyer, Commercial Issues Attorney
Shareholder

Thomas S. Onder is a Shareholder and member of the Commercial, Retail and Industrial Real Estate, Litigation and Bankruptcy & Creditors’ Rights Groups of Stark & Stark. Mr. Onder is a member of the International Council of Shopping Centers (“ICSC”) and concentrates his practice in the area of commercial litigation, specializing in commercial landlord...

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