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Sports Authority, Eastern Mountain Sports, and City Sports have also filed for bankruptcy in recent years. Sporting goods’ retailers have been hit hard by the shift to online shopping. “This is certainly not the outcome I wanted, and it is one of the most difficult days of my life,” he said in a statement. Modell’s billboards have been plastered at Yankee Stadium over the years and the company’s tagline, “Gotta Go to Mo’s,” is present at New York sports stadiums.ĬEO Mitchell Modell cited an “extremely challenging environment for retailers” in the decision to liquidate. Modell’s, a family-owned chain founded in 1889, was known best for selling local teams’ jerseys and equipment for youth leagues. Modell’s Sporting Goods filed for bankruptcy Wednesday and will close all of its 153 stores in the northeast.
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