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According to two company sources, NikeTown's 50,000-square-foot store in Union Square is "closing within the next 12 months for a complete remodeling," the Chron reports. A source says the flagship store's name will also be changed to NikeSF or Nike San Francisco. No word yet on what kind of drastic remodel is planned, or how long it'll take. [SFGate/photo via Yelp]