The company has operated a store in the mall for nearly 30 years.
The chairman and ceo will be succeeded by his son Marco Angeloni.
The shop, which opens today, offers a modern, streetwear-infused aesthetic.
“New York should be the most important city in the world for sneakers, but I don’t see that it is today,” said Erik Fagerlind, cofounder of the specialty sneaker shop.
The line is being sold through a Made in America-focused web site.
Ahead of Future releasing the Furykaze sneaker, WWD explores the partnership, which helped revive Reebok’s Classic line, and how these celebrity collaborations have evolved.
Children’s wear will launch today, followed by men’s pants, and seven more stores will be added by the end of the year.
Upgraded product, a new retail design, e-commerce site and enhanced social media are all in the works.
Designer Paul Helbers said the fall 2017 collection has not been delivered to clients.