Asics’ Times Square flagship closes in midst of dispute

Running shoe maker embroiled in battle with retail operator

TRD New York /
Oct.October 15, 2015 01:30 PM

Running shoe manufacturer Asics closed its flagship store in Times Square on Tuesday after a bitter dispute with the company that runs its North American retail operation.

The 5,000-square-foot Midtown store, which opened less than a year ago at 51 West 42nd Street, was the last of 13 Asics stores in the U.S. to close as the company is embroiled in a legal battle with Windsor Financial Group.

One of Windsor’s biggest investors filed a lawsuit against Asics in California this week, alleging fraud and breach of contract against the Japanese sportswear company, according to the New York Post.

Windsor had the exclusive rights to operate Asics’ retail stores in the U.S. – all of which have shuttered over the past several months since Asics terminated its operating agreement with the company.

The closing of the Times Square retail location came just weeks before one of the running shoe brand’s most important events: the New York City Marathon on Nov. 1, of which Asics is a major sponsor. [NYP]Rey Mashayekhi


Related Articles

arrow_forward_ios
Clockwise from top left: 312 West 34th Street, 61 North 9th Street, 639 Classon Avenue, and One Fulton Square (Credit: Google Maps)

These were the top 10 NYC retail leases in July

From top, clockwise: Cushman & Wakefield's Joanne Podell, Showfields' Amir Zwickel, Appear Here's Josh Yentob, Brookfield Properties's Mark Kostic (Credit: Getty, LinkedIn)

When it comes to retail, “real estate in New York is fundamentally broken”

From left: Jack Terzi, 31 East 28th Street, and Michael Shah (Credit: Jack Terzi, Delshah Capital and Google Maps)

Take Two: After dismissal, Delshah strikes back with second foreclosure suit against Terzi’s NoMad retail condo

A rendering of Krispy Kreme's Time Square flagship

Krispy Kreme signs deal for flagship at Vornado’s 1601 Broadway

Here are the quiet tricks NYC retail landlords use to boost rent rolls

Here are the quiet tricks NYC retail landlords use to boost rent rolls

Barneys at 660 Madison Avenue (Credit: iStock, Google Maps)

After rent hike, Barneys extends credit line

New York’s most viewed building is getting a facelift

New York’s most viewed building is getting a facelift

Lin-Manuel Miranda writes new ending for bookstore that could no longer afford its rent

Lin-Manuel Miranda writes new ending for bookstore that could no longer afford its rent

arrow_forward_ios