More than 2,100 jobs have been saved by Sports Direct International's purchase of 116 stores from fashion retailer Republic.
The Sports World group has also taken over the stock, along with the group's head office in Leeds and its websites and brands SoulCal, Fabric and Crafted.
Five of the region's high streets struggling with shop closures are to get half a million pounds from the Government. North Tyneside, Newcastle, Middlesbrough, Darlington and Hartlepool will get 100 thousand each to help new businesses.
It comes after the Government accepted Mary Portas's recommendations - the star of Mary Queen of Shops and the Bottom Line.