Posted on February 23, 2020 at 6:23 pm by West Sider
Photo by Gretchen.
The two Modell’s sporting goods locations on the Upper West Side — at 77th and Amsterdam and 97th and Columbus — are both expected to close.
Modell’s has been struggling and had a particularly rough holiday season, CEO Mitchell Modell told the Wall Street Journal. The warm winter and weak showing by New York sports teams this year hurt results — along with the other problems that retailers face, including online competition.
The company stopped paying some landlords and vendors, Modell told the Journal. The company hired advisors to consider a restructuring and is now planning to close 24 stores. The company has previously said it would close underperforming stores.
Both UWS stores are currently offering deals, with the one on Amsterdam posting liquidation signs outside advertising “everything on sale”. The one on Columbus apparently has some items for 10% off. (Shoppers should note that liquidation sales sometimes aren’t really “deals”.)
Thanks to Gretchen for the tip.
