Olympia Sports has acquired four stores from Sportshoe Center Inc., the Maine-based athletic footwear and apparel chain based in Kennebunk. The stores are located in Wells and Scarborough, ME; Manchester, VT; and Lake George, NY.
Another two stores in Londonderry and Merrimack, NH, were purchased by an employee, Michael Muzyczka. The stores have since been renamed, “Sportshoe of New Hampshire.”
The stores acquired by Olympia Sports, based in Westbrook, ME, will have a grand reopening on June 23. It now has 167 stores.
Dick Coffey, president of Olympia Sports, said in a statement that “our hope is to retain Sportshoe Centers well trained and professional staff as we welcome the opportunity to open in new markets.”
Sportshoe Center, which now has eight locations after the sale of the six units, said it sold the locations to take advantage of new opportunities. According to a statement by Marc Brunelle, president of Sportshoe Center, “downsizing the companys retail holdings while minimizing the impact on store personnel was an important objective and will allow us to take advantage of new and different business opportunities.”
