Modell's Closing Philadelphia Stores Amid Bankruptcy Filing

PHILADELPHIA — Modell's Sporting Goods is filing for Chapter 11 bankruptcy and that means all locations, including those in Philadelphia, are closing.

The company announced Wednesday it filed for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of New Jersey.

"Over the past year, we evaluated several options to restructure our business to allow us to maintain our current operations," Modell’s Chief Executive Officer, Mitchell Modell, said. "While we achieved some success, in partnership with our landlords and vendors, it was not enough to avoid a bankruptcy filing amid an extremely challenging environment for retailers."

Philadelphia Modell's locations are:

• 101 E. Olney Ave.
• Imperial Plaza Shop Center, 3400 Aramingo Ave., Suite 17
• 2327 Cottman Ave., Suite 17
• 1528 Chestnut St.
• 1608 Walnut St.
• 15 Snyder Ave.
• 2270 W. Oregon Ave.
• 1280 Franklin Mills Circle

Modell’s stores will start store closing liquidation sales of sporting goods equipment, footwear, team apparel and active apparel to sports fans in all stores and will continue its online sales during this process.

Liquidation sales are slated to begin Friday.