| Type | Private |
|---|---|
| Industry | Retail |
| Founded | 1889 |
| Headquarters | New York City, NY |
| Key people | Morris Modell, Founder Mitchell Modell, CEO David Hoodis, EVP Eric Spiel, CFO |
| Products | Sports apparel, Sporting goods, Footwear, Licensed goods. |
| Revenue | $636.5 million (2007) [1] USD |
| Website | http://www.modells.com/ |
Modell's (full name Modell's Sporting Goods) is a sporting goods retailer with locations in the Northeastern United States. Modell's carries both sporting goods and related apparel. Modell's currently has more than 140 retail locations in ten states and the District of Columbia as of 2008.[2] The company reported revenue of approximately $635 million dollars in 2007.[2]
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The chain was founded as a single store by Morris A. Modell in 1889 in New York City, making it possibly the third oldest sporting goods store in North America (after James F. Brine's in Massachusetts and Milwaukee's Burghardt Sporting Goods.)[3] Modell, an immigrant from Hungary, opened the first location on Cortlandt Street in Lower Manhattan.[2]
Through the years it has remained a family owned business passing through four generations of the Modell family. While best known as a sporting goods retailer, Modell's also operated a chain of "full-line" discount retailers in the New York-metro area known as "Modell's Shopper's World" (and for a short time as "White-Modells" until the name was reverted back to "Modell's Shoppers World) from the early 1960s up until 1989 when the company decided to focus on its sporting goods operations partly due to increased competition in the discount retailer market.
Currently Modell's operates 145 stores[2] mainly in New York, New Jersey, and Pennsylvania. In recent years however, it has begun to expand to Delaware, Maryland, Virginia, the District of Columbia as well as Connecticut, Massachusetts, New Hampshire, and Rhode Island. Their flagship store is located west of New York City's Times Square.
Modell's major competitor stores include:
Modell's approach as "Your Hometown Sporting Goods Store" through local specialized offerings, community relationships and programs such as Team Weeks, which assists local schools, leagues, and non profits, has made it a very successful company through the years. Modell's #1 mission statement is "Listen, Respect, and Respond" to the needs of their customers, associates, and vendors. Modell's sponsors many professional sports teams in their east coast market area, including the New York Mets, New York Yankees, New York Giants, New York Jets, New York Rangers, New York Islanders, New Jersey Devils, Philadelphia Phillies, Philadelphia Eagles, Philadelphia 76ers, Philadelphia Flyers, Washington Capitals, as well as numerous minor league baseball teams.