US Sporting Goods Retailer Modell’s Files for Bankruptcy Protection

Sporting goods retailer Modell’s Sporting Goods filed for Chapter 11 protection in the U.S. bankruptcy court in New Jersey on Wednesday.

A man waits to check out from shopping at a Modell's Sporting Goods store in New York, on May 11, 2016. Shannon Stapleton/Reuters

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 company, which has liquidated 19 stores in partnership with financial services firm Tiger Capital Group, said it will start closure sales at its remaining stores beginning Friday.