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Mitchell Modell, the retailer's chief executive, said the retailer has long-term plans to stay in business. Nea, a resident of Alpine, did not specify what the company's plans. When asked if stores would be closing in New Jersey or New York, he said South shore singles Gladstone retailer had no plans to shutter stores in those markets, beyond closures that he said occur annually when leases expire.
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Should the retailer eventually file for bankruptcy or plan any widespread Mpdells, it could send shock waves across New York and New Jersey's retail sectors. The chain has an estimated stores in the two states, according to a count on the company's website. That's about one-third of the chain's retail footprint. Often, the competition between sporting goods companies has been fierce.
First, I visited Modell's Sporting Goods in Queens, New York.
Today, Dick's Sporting Goods remains a dominant player. For instance, the chain has a prominent location inside Center City Mall in Paterson.
Alma Realty, which owns the property, declined to comment about the store's lease. Shutting some stores, especially in weak markets where sales may be lagging, is typical for a retailer, Lanyard said.
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Often, a retailer may shut stores in under-performing markets to concentrate on profitable locations or on other ways to make money, he said. The shell of a former K-Mart sits at the opposite end of the plaza. Modell's also has a store in Paramus, which is considered by many the retail mecca of Bergen County. Lanyard, Modells Mandurah new dorp heads his firm's Paramus team, said the borough is usually a retailer's strongest market.
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Modells Mandurah new dorp Officials from the center did not respond to questions about the Modell's location. It remains to be seen what Modell's future will be. However, Gavin, the Papaya massage Gold Coast director of the bankruptcy and restructuring consulting firm, said that when retailers seem to be heading toward bankruptcy, "they usually get.
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