Just in: You no longer “Gotta Go To Moe’s.”
Modell’s Sporting Goods, the family-owned king of sporting goods chains in the tri-state area for over a century, filed for bankruptcy today and will close all of its stores, including it’s Bohemia location in Sayville Plaza.
GreaterSayville.com reported last month that Modell’s was looking at ways to avoid a complete shutdown, and would be closing at least one of its remaining Long Island stores.
Modell’s demise is yet another punch in the stomach for the beleaguered Sayville Plaza, the Sunrise Highway shopping center still shuddering from this year’s closures of Kmart and Pier 1 Imports, and earlier shutdowns of Sports Authority, Borders Books and other stores.
Modell’s filed for Chapter 11 protection in U.S. Bankruptcy Court in New Jersey, citing a challenging retail environment. Stores will begin closing on Friday.
In recent weeks, Chief Executive Officer Mitchell Modell said sales were especially slumping because customers weren’t buying cold-weather items because of the warm winter and also due to the poor performances of the NFL’s Jets and Giants.
Founded in 1889 by Morris Modell as a single store on Cortlandt Street in lower Manhattan, Modell’s operated over 140 stores across the northeast part of the country.