Modell’s plans five more NYC stores this year

New York /
Mar.March 19, 2012 09:00 AM

Fresh off opening three metro-area stores this month, sporting good retailer Modell’s is planning to add five New York City stores this year, Crain’s reported, as the family-owned store tries to keep its expanding rivals at bay.

“We want to protect our turf from anyone else coming in,” said Modell’s CEO Mitchell Model. “We’re just going to surround them like locusts.”

As The Real Deal reported, national chain Dick’s is scouring for space in the city. Crain’s said it is nearing a deal at 3 Columbus Circle. Further, REI opened its first Manhattan store last year in the Puck Building and JackRabbit, a running store, opened its fourth city store a few months ago. And the city already has local mainstay Paragon Sports, and national chains Sports Authority and Foot Locker competing with Modell’s.

Now, Modell’s is searching for space in Soho and Union Square, where Paragon, Foot Locker and JackRabbit already have outposts. While the store will keep with its strategy of renting smaller ground floor space and putting most of its footprint on cheaper basement or second-floor square-footage, Modell’s is making a small change to its sales strategy in an effort to focus on women, who currently comprise 70 percent of the chain’s shoppers. [Crain’s]


Related Articles

arrow_forward_ios
Donald Trump (Getty)
Pandemic dashed one-quarter of Trump’s NYC retail tenants
Pandemic dashed one-quarter of Trump’s NYC retail tenants
CVS Health shuttering almost 1,000 stores in 3-year pivot
CVS Health shuttering almost 1,000 stores in 3-year pivot
CVS Health shuttering almost 1,000 stores in 3-year pivot
Planning Commission approves permanent outdoor dining sheds
Planning Commission approves permanent outdoor dining sheds
Planning Commission approves permanent outdoor dining sheds
Irish retailer Primark takes 70K sf at City Point
Irish retailer Primark takes 70K sf at City Point
Irish retailer Primark takes 70K sf at City Point
Burlington CEO Michael O’Sullivan and 2280 North Ocean Avenue in Farmingville, LI (Glassdoor, Google Maps)
Burlington opening eighth Long Island store as it doubles locations
Burlington opening eighth Long Island store as it doubles locations
Luxury Swiss watchmaker clocks SoHo lease for move downtown
Luxury Swiss watchmaker clocks SoHo lease for move downtown
Luxury Swiss watchmaker clocks SoHo lease for move downtown
What 3 big mall bankruptcies say about the state of retail
What 3 big mall bankruptcies say about the state of retail
What 3 big mall bankruptcies say about the state of retail
Steven E. Baker, Danielle Winick, Jeff Winick, Lee Block and Louis Eisinger (Winick Realty Group)
Majority stake in Winick Realty auctioned to insiders as IRS waves red flags
Majority stake in Winick Realty auctioned to insiders as IRS waves red flags
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...