Mitchell Modell Net Worth is$20 Million
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Mitchell Modell net worth: Mitchell Modell is an American business executive who has a net worth of $20 million dollars. Mitchell Modell is the Chief Executive Officer and President of Henry Modell & Company and of Modell's Sporting Goods. The company has been in the Modell family since Morris Modell, Mitchell Modell's great-grandfather, founded the business in 1889. It currently has 140 retail locations spread out from Washington, D.C., to New Hampshire. Mitchell Modell became more widely recognized, when he was featured on an episode of the CBS reality series, "Undercover Boss". The episode originally aired just days after Hurricane Sandy, meaning that much of the northeast where his company operates, was unable to see the show. It was re-aired in 2013. His appearance was notable, as his participation in the program led to large-scale changes in customer service practices, as well as personnel shifts. He has also lost nearly 60 pounds since the episode aired, as his weight got in the way of his ability to perform some of his work-related responsibilities.
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. The company reported revenue of approximately $635 million in 2007.
The chain was founded as a single store by Morris A. Modell in 1889 in Manhattan 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.) Modell, a Jewish immigrant from Hungary, opened the first location on Cortlandt Street in Lower Manhattan. (The Modell pawn shop chain in Manhattan and Brooklyn was founded by Morris's brother George in 1893 as a spinoff. The two companies operate separately.)
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") from the mid-1950s up until 1989, when the company decided to focus on its sporting goods operations partly due to increased competition in the discount retail market.
Today, Modell's operates 154 stores mainly in New York, New Jersey, and Pennsylvania. In recent years, the chain 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 at 234 West 42nd Street near Times Square.
Mitchell Modell, CEO, was featured on an episode of Undercover Boss, which aired November 2, 2012.

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

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Mitchell Modell Latest News

Inspired by Undercover Boss? Modell's CEO and reality star 'pretended to be the owner of Dick's Sporting Goods to convince staff to show him into the back and give him their ...

Dick's Sporting Goods claims in a lawsuit filed Feb. 20 in Mercer County Court that Mitchell Modell, CEO of Modell's Sporting Goods, showed up at a Dick's store in Princeton in February saying he was a Dick's senior vice president. Dick's alleges Modell ...
Posted: February 28, 2014, 9:22 am

Dick's Sporting Goods Accuses Rival Modell's of Spying

If, as alleged, Mitchell Modell got information by pretending to be someone else ... a competitive intelligence-gathering firm in Oregon, tells ABC News that many retailers have codes of ethics that define what is and isn't permitted when one competitor ...
Posted: March 3, 2014, 4:00 pm

Modell’s CEO in hot water for undercover visit to Dick’s Sporting Goods

But going behind enemy lines to gather competitive intelligence can be fraught with peril. Case in point: Modell’s Sporting Goods CEO Mitchell Modell. Modell allegedly persuaded employees to show him private back room areas to see how Dick’s ...
Posted: March 3, 2014, 3:13 am
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