When the story appeared in the Wall Street Journal March 11 that Modell’s had hired Berkeley Research Group and was possibly considering a bankruptcy filing, the timing couldn’t have been worse for CEO Mitchell Modell. Cash was tighter than usual following a deliberate decision to clear aged inventory with heavy markdowns. A warm Holiday season had just ended, the CFO had just left and the bonanza of the Eagles’ Super Bowl win was last year. It’s no secret that sporting goods retail has been under considerable pressure in recent years and vendors, who had been left holding the bag after ... Log in to view full article.