BUSINESS REPORT

Modell’s Sporting Goods files for bankruptcy, plans to close 3 NJ locations

BY Joanna Gagis, Producer/Correspondent |

A plastic bag ban goes into effect in Hoboken. Environmentalists encourage consumers to bring reusable bags.

Modell’s Sporting Goods has announced its filing for bankruptcy. It’s also closing 19 stores, three of them in New Jersey.

Four Soprano’s-inspired coffee shops, called Bada Bean Cawfee, are opening around New Jersey. References to the show include the menu items “Fugettaboutit” and “The Victim.”

Markets continue to tumble as the coronavirus spreads. Some economists forecast a recession, and at its worst, predict $2.7 trillion dollars in global losses.