Modell’s Updates Turnaround Progress
The 130-year-old, family-owned retailer reported a 12% year-over-year increase in May sales and said it has made substantial progress over the past two months on reducing its inventory levels. CEO Mitch Modell, who invested nearly $7 million into the business to provide liquidity for the turnaround, said that while there is more work to be ... Log in to view full article.
