xml:space="preserve">
xml:space="preserve">
Advertisement

Modell’s Sporting Goods files for bankruptcy and will close all stores, including nine in Maryland

Modell’s Sporting Goods, a more-than-century-old family-owned retailer, has filed for bankruptcy reorganization and will shutter all 141 stores, including nine in Maryland.

Baltimore-based sports apparel maker Under Armour is among Modell’s top three creditors in terms of money owed, according to the Chapter 11 petition filed March 11 in U.S. Bankruptcy Court in New Jersey.

Advertisement

Modell’s, a New York-based seller of sports equipment and athletic footwear and apparel, owes nearly $9 million in trade debt to Adidas, $8.8 million to Nike and $3.8 million to Under Armour, court documents show. Under Armour has struggled in part because of the closure of sporting goods stores, particularly Sports Authority.

In the Baltimore area, Modell’s has stores in Annapolis, Arundel Mills in Hanover, Reisterstown Road Plaza in Reisterstown and Perring Plaza Shopping Center in Parkville.

Mitchell Modell, Modell’s president and CEO, told the New York Times that the company’s profitability was hurt by an unseasonably warm winter, six fewer days to shop between Thanksgiving and Christmas, online competition and the Coronavirus pandemic.

Modell’s was started in 1889 by Morris A. Modell, with the first shop in lower Manhattan in New York City, according to the retailer’s website. The business grew into a chain of more than 150 stores in the Northeast and was run by the family’s fourth generation.

Advertisement
Advertisement
Advertisement