HERMAN’S SPORTING GOODS INKS 6 NEW LEASES

Byline:

CARTERET, N.J. — Herman’s Sporting Goods Inc. has signed leases for six new stores, part of the chain’s strategy to open 40 more units in the next three years.
The six new locations include one unit on the northeast corner of East 86th Street and Lexington Avenue, the first Herman’s outlet on Manhattan’s Upper East Side.
In addition, Herman’s will open stores in Bala Cynwyd and Quakertown, Pa.; Deptford, N.J.; Baltimore, and Bailey’s Crossroads, Va. in 1995. The store at Bailey’s Crossroads is scheduled to open on April 9. The others, including the 14,700-square-foot unit in New York, will open later in the year.
Alfred F. Fasola Jr., chief executive officer of Herman’s, said the additional stores will “immediately enhance our dominant presence in the Northeast, particularly the New York City and Philadelphia areas where we already enjoy significant market share.
“We look forward to continuing to build sales and profits as we open these new locations,” he said.
The addition of the six stores will bring the total of Herman’s Sporting Goods outlets to 118 in the U.S.