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.Â

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