US sporting goods retailer Modell's files for bankruptcy protection

Published Wed, Mar 11 20205:22 PM EDTUpdated Wed, Mar 11 20205:45 PM EDT

Key Points

Sporting goods retailer Modell’s Sporting Goods filed for Chapter 11 protection.
The privately owned company calls itself the oldest U.S. family owned and operated sporting goods retailer.
The company said it will continue to explore recapitalization through a potential sale of some or all its assets.

Modell's Sporting Goods store in North Brunswick Township, New Jersey.

Michael Brochstein | SOPA Images | LightRocket via Getty Images

Sporting goods retailer Modell's Sporting Goods filed for Chapter 11 protection in the U.S. bankruptcy court in New Jersey on Wednesday, citing a challenging retail environment.

The privately owned company, which calls itself the oldest U.S. family owned and operated sporting goods retailer, said it will continue to explore recapitalization through a potential sale of some or all its assets.

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