Tuesday, November 5, 2024
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Modell’s Sporting Goods

Newsretailers

IT’SUGAR Opens its Highly Anticipated Times Square Location

by Katie Lee

Ft. Lauderdale, Fla. –– IT’SUGAR, the largest specialty candy ‘retailtainer’ in the U.S., has opened a 20,335-square-foot candy department store in a prime location in Times Square, N.Y. The experiential candy department store took over space vacated by Modell’s. The Times Square location is the second largest IT’SUGAR candy department store and epitomizes what the brand is known for: thousands of varieties of over-the-top sweets and humorous products, extravagant in-store displays and immersive candy experiences. “Times Square is a major entertainment hub, and we are so excited to be a …

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Newsretailers

Modell’s Sporting Goods to Close All 153 Stores

by Katie Lee

New York City — Modell’s Sporting Goods has filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the District of New Jersey. The fourth-generation, family-owned retailer will close all of its 153 stores throughout New York, New Jersey, Pennsylvania, Connecticut, Rhode Island, Massachusetts, New Hampshire, Delaware, Maryland, Virginia and Washington, D.C. The New York City-based sporting goods, athletic footwear, active apparel and fan gear retailer was founded in 1889. The company will begin liquidation sales Friday, March 13 and plans to continue operating its online platform. Modell’s …

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Newspeopleretailers

Modell’s Sporting Goods Hires New EVP & CFO

by Katie Lee

New York City — Modell’s Sporting Goods has hired David Stern to the role of executive vice president and chief financial officer. Stern will play an intricate role in strategic planning and growth opportunities for Modell’s while overseeing the finance and information technology departments. Stern has extensive experience with retailers over the past two decades, including Destiny Maternity, Pep Boys, A.C. Moore Arts & Crafts, and Petro Services. With over 25 years of experience in the industry, Stern’s accomplishments and achievements with his past companies made him a top candidate …

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