US sporting goods retailer Modell’s files for bankruptcy protection

US sporting goods retailer Modell’s files for bankruptcy protection

Sporting goods retailer Modell’s Sporting Goods filed for Chapter 11 protection in the US bankruptcy court in New Jersey on Wednesday, citing a challenging retail environment. The retailer said it will close its 115 stores. It becomes the latest traditional retailer to succumb to a fast-changing environment. In recent years Payless ShoeSource Corp., Toys R Us and Gymboree have filed for bankruptcy

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