Back when Sports Authority filed for bankruptcy earlier this year, regional chain Modell’s reportedly wanted a piece of the business being abandoned. The chain briefly considered teaming up with a British sports retailer to take over some stores. The deal didn’t work out, and Modell’s didn’t bid on any store leases in the bankruptcy auction, either. However, the chain will now be opening a showcase store in what used to be Sports Authority’s last store in Manhattan. [More]
gotta go to mo’s
Report: Sports Authority Might Sell Stores To Modell’s And UK’s Sports Direct
By 6.21.16
At their recent bankruptcy auction, the winner of the inventory in Sports Authority stores was a trio of liquidators, not the company’s competitors. Other chains didn’t want to take on hundreds of stores at a precarious time in the sporting goods business. A new report, however, indicates that United Kingdom retailer Sports Direct might team up with Modell’s, a chain in the northeastern United States, to bid on at least a hundred store leases in one go. [More]
