SOURCE: Seal & Co.

October 07, 2011 21:54 ET

Seal & Co. in Summit Announces Future Undecided Sale in Light of Current Retail Economic Climate

SUMMIT, NJ--(Marketwire - Oct 7, 2011) - A key Springfield avenue property may be heading for another change in retail tenants. Eric Model, third generation heir to the Sealfons name and owner of Seal & Co., mailed approximately 5000 letters this weekend to customers announcing a Future Undecided Sale and suggested it may be the "last sale" for Seal & Co.

The building at 410 Springfield Avenue is owned by the Model family. In addition to Seal & Co., other tenants include Staples, Lululemon Athletica, Surya Yoga Academy and a second floor software firm. Sealfons, a major New Jersey retailer during the last half of the 20th Century, was the former occupant. If this sale is in fact Seal & Co.'s last it will truly mark the end of an era as the Model family has had a major retail presence in downtown Summit since 1956.

Model states in his letter, "When I opened Seal & Co. six years ago my vision was to bring exceptional children's clothing, toys, furnishings and giftware to Summit, in a store that was fun and exciting for parent and child alike. I believe I have accomplished this. However, doing business has become increasingly difficult, and as cash pressures mount I have serious doubts about the future of Seal & Co."

Model is cautiously optimistic yet hopes a promotion of this magnitude will provide his company with the much needed boost it requires to survive yet another season in this most challenging economic climate. Model further states all current inventory including toys, gifts, clothing, Vera Bradley and furniture floor samples, will be liquidated at up to 50% off.

In the closing sentence of his letter Model makes one final plea for community support, "Please take advantage of these unusual bargains on fresh new merchandise that would otherwise never have been on sale at this time. Should this be our final sale, we hope to provide you with exceptional service one last time."

Contact Information

  • For confirmation, further details or to arrange photo opportunity contact
    Eric Model
    (cell phone: 973‐477‐3597)
    Seal & Co.
    410 Springfield Avenue
    Summit, NJ 07901