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Article Date: February 2020
Word Count: 537

Modell’s Asks Vendors for Support to Restructure Business


Coming off last year’s near brush with a bankruptcy filing that weakened receipts followed by a Holiday season hit with shortened shopping days and warm weather, Modell’s is again looking to build support from vendors to restructure operations and has taken a number of steps to put together a plan that might include an outside investor to create a viable path forward for the family-owned chain of 141 stores.

 

As it stands now, Modell’s has contacted the top 28 vendors outlining its intentions and received verbal support to develop a plan that should be on the table by the end of ... Log in to view full article.

 


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