Modell’s Sporting Goods Inc. halted its going-out-of-business sales as customers shelter at home and states order most merchants to close.
The bankrupt retailer stopped liquidation sales and closed all stores as of March 21, Chief Executive Officer Mitchell Modell said in an interview. It plans to resume once the bans are lifted, he said.
Retailers are pausing store-closing sales as a growing number of states and cities mandate that non-essential merchants shut down and tell residents to stay home to slow the spread of coronavirus. That’s creating uncertainty for creditors at bankrupt companies like Modell’s, which sought court protection earlier ...
