Herman's World of Sporting Goods

Leonard Steinlauf, who had expanded to a fourth store in Paramus, resisted the sale, preferring to develop a national chain of sporting goods superstores.

Despite his objections, he sold his 25% share and later became CEO, but his tenure lasted less than ten years due to strained relations with W.R.

[citation needed] In 1985, Dee Corporation acquired Herman's and expanded westward by purchasing M&H Sporting Goods in 1986.

[3] The company was sold to the Taggert/Fasola Group in 1993,[4] which filed for Chapter 11 bankruptcy due to excessive debt from acquisitions.

[14][15] The company eventually liquidated its stores,[16][17] with regional competitor Modell's Sporting Goods acquiring 16 locations.