UPDATE: Four stores in New Jersey are closing

Sports retailer Modell’s Sporting Goods announced Friday it will close 24 stores.

An official store closing list was not released. There are currently over 30 Modell’s stores in the Garden State, according to the company’s website.

CEO Mitchell Modell told Fox Business the store closings are in hopes to “preserve the whole company and save the jobs of 4,300 families.” Modell said he’s willing to do whatever it takes to keep the 130-year-old family business alive.

Modell’s lost $50 million in sales in 2019, according to Fox Business.

The company announced in January its primary distribution center is moving from New York to Bordentown. It will be located near Exit 7 of the New Jersey Turnpike.

Modell’s Sporting Goods was founded in 1889. The first store was located on Cortlandt Street in Manhattan.

There are more than 140 locations nationwide.

Nicolette Accardi can be reached at naccardi@njadvancemedia.com. Follow her on Twitter: @N_Accardi. Find NJ.com on Facebook. Have a tip? Tell us. nj.com/tips

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