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Tag:
Retail Industry
Arlington
Business
Major Mall-Based Chain To Close 543 Stores After Filing For Bankruptcy
A major retailer primarily located in malls and headquartered in Pennsylvania is set to close all 543 of its stores following its third Chapter 11 bankruptcy filing. Closures for all rue21 locations are expected to be completed within the next two months with going-out-of-business sales coming soon. The company, headquartered in Pennsylvania outside Pittsburgh, had first filed for bankruptcy in 2003, and then for a second time in 2017, when it closed around 400 stores. Founded in 1970, rue21 specializes in women's & men's casual apparel and accessories. rue21 has locations in …
White Plains
Business
Major Mall-Based Chain To Close 543 Stores After Filing For Bankruptcy
A retailer primarily located in malls is set to close all 543 of its stores following its third Chapter 11 bankruptcy filing. Closures for all rue21 locations are expected to be completed within the next two months with going-out-of-business sales coming soon. Founded in 1970, rue21 specializes in women's & men's casual apparel and accessories. In its filing on Thursday, May 2, the company said, "It became clear that offers to buy the debtors' assets at their current worth could not exceed the expected profits from selling off the closing stores and assets. "As a result, the deb…
Mt. Kisco
Business
New Barnes & Noble Coming To Mount Kisco: Here's Where
Iconic bookstore chain Barnes & Noble will soon open a new location in Northern Westchester. The mega-bookseller has signed a lease to open a new store in the former Walgreens space at 55 South Moger Ave. in Mount Kisco, according to Beth Vetare Civitello, Co-Executive Director of the Mount Kisco Chamber of Commerce. The 13,700-square-foot store will take the space as of Friday, Aug. 2, Vetare Civitello added. In a statement, the Chamber of Commerce said the store's arrival would help Mount Kisco become a "hub of Northern Westchester." "Our belief…
New Haven
Business
Family Dollar, Dollar Tree To Close 1,000 Stores
Discount chain Family Dollar and parent company Dollar Tree will close a combined 1,000 stores. Family Dollar will shut down 600 stores in 2024 and 370 stores over the next several years as store leases expire. Dollar Tree will close 30 locations as leases expire. The company made the announcement Wednesday morning, March 13. Family Dollar has around 8,000 US locations and Dollar Tree has The company said it initiated a review of its stores in the fourth quarter of 2023. It involved "identifying stores for closure, relocation, or re-bannering based on an evaluati…
White Plains
Business
Macy's To Close 150 Stores, Prioritize Luxury Brands
Macy's plans to close about 30 percent of its remaining stores over the next three years. The 150 closures will be at underperforming locations, with 50 planned for this year, the retailer announced on Tuesday, Feb. 27, unveiling what it is calling "A Bold New Chapter" strategy designed to return Macy’s profitability. "It challenges the status quo to create a more modern Macy’s, Inc.," Tony Spring, chief executive officer of the company said in a statement. "We are making the necessary moves to reinvigorate relationships with our customers through improved shopping experiences, releva…
Union
Business
Westfield's The Farmhouse Closing After 16 Years
The Farmhouse in Westfield is closing its doors. After 16 years in business and 12 at its current location, owner Kelly Richardson announced on Instagram on Wednesday, Aug. 9, the furniture store will shut its doors on Sunday, August 13 at 5 p.m. "This has been a heartbreaking decision for me to make, however, we simply aren't able to outlast the current climate and circumstances that we face," Richardson, who has owned the store for the last two years, said. Richardson said The Farmhouse will fulfill all of its orders and will be keeping its outlet and warehouse open to allow for deliveri…
Middlesex MA
Business
Gould's Distinctive Clothing In Acton Closing After 89 Years Of 'Knowledgeable' Service
A men's and women's speciality clothing store that has been around for 89 years, 50 of which were in Acton, is closing forever. Gould's Distinctive Clothing, located in Gould's Plaza, is selling the last of their inventory after the store announced they would be closing for good on Wednesday, May 31. WBZ NewsRadio's Kim Tunnicliffe said staffing issues after the pandemic forced the business to close. Everything must go at #GouldsDistinctiveClothing in #Acton. Post Covid staffing issues are forcing the store to close after 89 years in business they’re even selling the clothing racks and…
Middlesex MA
News
'Unable To Attract Enough Customers': Wegmans Closing Natick Store This Summer
A lack of shoppers has become the downfall for one major location of a popular grocery store chain in Massachusetts. Wegmans announced on Thursday, June 1 that they are closing their Natick store, located at 1245 Worcester Street, this summer because the location has struggled to attract enough customers. The 365 employees at the store were told about the closure and that they would be able to keep their positions with the company at other locations. “Making these decisions is never easy. However, we do it for the long-term benefit of our people, our customers, and our communit…
Dauphin
Business
Bed Bath & Beyond Closures Include Four Pennsylvania Locations
Four Bed Bath & Beyond stores across Pennsylvania are among 87 locations scheduled to close in 2023, the struggling retailer announced. That brings the total number of Bed Bath & Beyond locations scheduled to close to at least 162 announced since September 2022. A spokesperson told Axios that the latest round of closures will include all of the company's Harmon beauty shops, as well as five Buy Buy Baby locations. The following locations in Pennsylvania are set to close in 2023: Bethel Park, 1700 Oxford Drive North Wales, 1261 Knapp Road Pittsburgh, 160 Quinn Drive Mon…
Worcester
Business
New Bed Bath & Beyond Store Closures Include Worcester County Location
Struggling home goods retailer Bed Bath & Beyond has announced 56 new store closures that it says will be implemented by the end of the calendar year. The closure list includes three locations in Massachusetts: Worcester County: 230 Fortune Boulevard, Milford Suffolk County: 8B Allstate Road, Dorchester Bristol County: 35 Highland Ave., Seekonk The company is due to report its results for the second quarter later this month. Bed Bath & Beyond now has about 900 stores, including those scheduled to be closed. The full list of new closures is available here.
Stamford
Business
New Bed Bath & Beyond Store Closures Include Stamford Location
Struggling home goods retailer Bed Bath & Beyond has announced 56 new store closures that it says will be implemented by the end of the calendar year. The closure list includes two locations in Connecticut: Fairfield County: Ridgeway Shopping Center, 2275 Summer St., Stamford New London County: Waterford 850 Hartford Turnpike, Waterford The company is due to report its results for the second quarter later this month. Bed Bath & Beyond now has about 900 stores, including those scheduled to be closed. The full list of new closures is available here.
Montgomery PA
Business
Bed Bath & Beyond To Shutter This Pennsylvania Location
One Pennsylvania Bed Bath & Beyond store will shutter by the end of the year, the company announced this week. The company said earlier this year it planned on closing 150 stores, and on Thursday, Sept. 15, released a list of 56 that will close by the end of 2022. The Pennsylvania store closing is in Wynnewood, located at 70 E. Wynnewood Blvd. Pennsylvania has 23 Bed Bath & Beyond stores. The CEO of the home good retailer leapt to his death early this month from a New York City building. Shares in Bed Bath & Beyond dropped sharply in August, after the company ann…
Danbury
Business
Target To Open At Danbury Fair Mall In Former Sears Location
A new Target store will be opening at the Danbury Fair Mall. It will take over the space formerly occupied by Sears, according to an announcement made on Tuesday, June 21 by Macerich, owns and operates the mall. The 126,000 square-foot two-level Target store will be the first in the City of Danbury. "Target coming to Danbury Fair is the latest anchor-replacement success for Macerich's A-quality portfolio of regional town centers," Macerich President Ed Coppola said. "The terrific merchandise mix and attractive demographics surrounding Danbury Fair make this property a great match…
Atlantic
Business
NJ Target Store Weeks Away From Opening
Another former Kmart store is being replaced by a new Target store -- this time in Atlantic County. The newest Target to land in Somers Point is set to open this month in, NJ.com says citing news reports. Kmart vacated its anchor store at Somers Point Plaza, a popular shopping center off of Route 9. Target Corp also has plans to replace a shuttered Kmart store in Wall, Monmouth County, and Kearney in Hudson County. A shuttered Kmart store in Mercer County is being replaced by a popular discount Grocery Outlet store as reported here by Daily Voice.
Mercer
News
Ocean State Job Lot Hiring Workers At New Mercer County Store
Ocean State Job Lot, a chain of discount stores, announced it is hiring new employees at a South Jersey store set to open by the end of the year. Ocean State Job Lot, with 146 stores across the Northeast, is preparing to open a new store in Princeton. The Princeton store is at the former Walmart at 101 Nassau Park Boulevard in Nassau Park Pavilion. New jobs include store management, and up to 50 part-time and full-time positions that pay starting at $14-an-hour, a spokesman with OSJL said on Thursday. The chain also offers new employees hiring bonuses and 30 percent store discounts.&n…
Danbury
Business
New Restaurants, Stores Coming To Danbury Fair Mall
One of the area’s most popular shopping centers is getting a facelift as developers signed multiple deals to bring new restaurants, stores, and “experiences” to the Danbury Fair Mall. Site construction has already begun at Danbury Fair on a new Shake Shack and LongHorn Steakhouse restaurants, officials announced this week, marking the first ground-up construction at the site since 1991. Other planned grand openings at the Danbury Fair Mall include in 2021 include Athlete, Barbarie’s Fitness Evolution gym, Charming Charlie, FYE, Newbury Comics, and Urban Outfitters. Officials noted that des…
Bronxville
Business
Covid-
19: Four Walmart Stores Being Tested For 'New Era Of Retail,' Senior VP Says
The COVID-19 pandemic has forced one of the country’s largest retailers to reevaluate how it does business in a “new era of retail.” Walmart announced that after being forced to adjust on the fly during the COVID-19 outbreak, it is testing out four new stores across the country that will serve as “both physical shopping destinations and online fulfillment centers.” John Crecelius, Walmart’s Senior Vice President of Associate Product and Next Generation Stores, said that the four stores willl serve as “test centers” where they will rotate different prototype technology in and out of the st…
Mount Pleasant
Business
Target To Open New Location In Westchester
Target is making a long term commitment to Westchester’s largest city. The retail giant announced that it has signed a 40-year lease to open a 130,000-square-foot store at the Cross County Center in Yonkers, replacing the bulk of the 200,000-square-foot location left by Sears that closed last year. The 15-building Cross County Center is also home to H&M, which recently signed a 10-year renewal, as well as to Zara, Ulta, and Blink Fitness. Target entered talks about a possible deal shortly after Sears closed in September last year, though nothing official was announced until Monday, Oct…
Hampshire Franklin MA
Business
Amherst Could Pay You To Shop And Eat In Town
To help small businesses during the COVID-19 pandemic, the Amherst BID is awarding gift cards to people who shop in the town's stores and eat at its restaurants. The Amherst Downtown Business Improvement District (BID) announced Thursday, Oct. 7, the launch of its “Take the Pledge” campaign. From now until Dec. 31 people can turn in their receipts from an official checklist of restaurants, retailers, and services or salons to be entered to win one of three prizes: $100-$500 in Amherst Area Chamber of Commerce gift cards. “As our town navigates through the pandemic during the fall and early…
Middlesex NJ
Business
Bed Bath & Beyond Cutting Nearly 3,000 Jobs Starting Immediately
Bed Bath & Beyond will cut nearly 3,000 jobs under a plan to cut costs and streamline operations. Jobs will start to be eliminated immediately, the company said in a statement on Tuesday, Aug. 25. "In conjunction with the organizational realignment, the company has implemented a significant workforce reduction of approximately 2,800 roles from across its corporate headquarters and retail banner stores, effective immediately," the statement said. "This action is designed to further reduce layers at the corporate level, significantly reposition field operations to better serve…
Litchfield
Business
Bed Bath & Beyond To Eliminate Nearly 3,000 Jobs Starting Immediately
Bed Bath & Beyond will cut nearly 3,000 jobs under a plan to cut costs and streamline operations. Jobs will start to be eliminated immediately, the company said in a statement on Tuesday, Aug. 25. "In conjunction with the organizational realignment, the company has implemented a significant workforce reduction of approximately 2,800 roles from across its corporate headquarters and retail banner stores, effective immediately," the statement said. "This action is designed to further reduce layers at the corporate level, significantly reposition field operations to better serve…
Hampden
Business
Town-by-Town: 350 Employee
Covid-
19 Complaints Filed Against WMass, Worcester Co.s
Massachusetts has received hundreds of employee complaints alleging their workplaces are not meeting state safety and compensation standards during COVID-19. In March, the Massachusetts Attorney General started tracking worker complaints related to COVID-19. As of Friday, Aug. 7, Massachusetts workers had filed about 350 complaints against employers. The most heavily represented industry on the list is hospitals/nursing homes - over 50 complaints. The most common complaint was the nonpayment of wages. Of the complaints, 38 said they were retaliated against for coming forward with a grievan…
Hartford
Business
Covid-
19: Old Navy/Gap Sued By Connecticut Landlords Over Unpaid Rent
The owner of Corbin’s Corner shopping plaza in West Hartford is suing Old Navy for $231,000 in unpaid rent. The owners, Florida-based Regency Centers, sued Old Navy on July 7 in Hartford Superior Court. The lawsuit alleges that Old Navy owes Corbin’s Corner rent for April-June as well as thousands of dollars in tax and insurance expenses. Old Navy, a clothing retailer under Gap Inc., pays about $53,900 in rent per month to stay at Corbin’s Corner. Corbin’s Corner hosts a number of retailers including Best Buy, Trader Joe’s, and Pet Valu. This isn’t the first sign of trouble for Gap Inc. T…
Nassau
Business
Covid-
19: Men's Wearhouse, Jos. A. Bank To Close Up To 500 Stores
Men’s Wearhouse and Jos. A. Bank will close up to 500 stores and lay off 20 percent of its corporate workforce, the California-based company has announced. The company has not announced a timeline for closure. The continuing negative economic impact of COVID-19 was largely blamed for the decision, according to corporate parent company Tailored Brands President Dinseh Lathi. Following these changes, the company expects to pay about $6 million in severance pay and other termination costs. Tailored Brands has an estimated 1,500 stores across all of its brands.
Hackensack
Business
Ulta Beauty To Close 19 Stores
Ulta Beauty announced plans to close 19 stores this year. Shops slated to get the ax have not been announced, but the beauty supplies chain has shops across New Jersey that could be impacted. Ulta Beauty top officials blamed COVID-19’s economic disruption as the reason for the cuts. Even while it closes some stores, Ulta Beauty has plans to open 30 more. Efforts will be made to transfer employees from closed shops to new or already existing ones, the company said in a press release. In New Jersey, Ulta has stores in Edgewater, Clifton, Maywood, Garfield, Cedar Knolls, Wayne, Montvale, L…
Morris
News
Sears To Shutter Rockaway Townsquare Mall Location, Closing Jobs Available
The Sears at Rockaway Town Square Mall is just one of many that will soon close permanently in yet another Coronavirus-related blow to the brick-and-mortar retail landscape. The Sears in Hackensack will also shutter, according to closing jobs listed June 30. The retail chain had added four closing jobs at the Rockaway store to its online database as of June 29. Available positions include home appliance sales, cashiers, hardware sales and backroom. Calls placed to the store were not answered. Sears has been closing stores across the country since 2018, when the company -- which also …
Litchfield
Business
Covid-
19: Macy's Cuts 3.9K Corporate, Management Jobs; CEO Says 'We Will Be A Smaller Company'
Macy's is eliminating 3,900 corporate and management positions, about three percent of its total workforce, in a move to cut costs amid a steep decline in revenue during the novel coronavirus (COVID-19) pandemic. It's also reducing staffing across its stores, supply chain and customer support network, the company announced Thursday, June 25. Macy's says it will adjust staffing as sales rebound. “COVID-19 has significantly impacted our business. While the re-opening of our stores is going well, we do anticipate a gradual recovery of business, and we are taking action to align our cos…
Nassau
Business
Covid-
19: Here's How Much More Target Will Be Permanently Paying Workers
Target is planning to permanently offer employees an increased hourly wage and additional benefits in appreciation of their work during the novel coronavirus (COVID-19) pandemic. The company announced this week that as of July 5, starting hourly wages will be bumped to $15, and employees will also receive a one-time $200 “recognition bonus” for both full and part-type associates that worked during the outbreak. Brian Cornell, Chairman, and CEO of Target made note that the $15 starting wage is 25 percent higher than the industry average nationwide. “In the best of times, our team brings i…
Rutherford
Business
American Dream Announces 4 Eateries Coming To Munchies Food Hall
The American Dream Mall announced the names of four restaurants coming to its food hall. Van Leeuwen's Artisinal Ice Cream, Green Leaf’s & Bananas, Noriya Sushi and Likkle More Jerk are the latest coming to the 38,000 square-foot Munchie's Food Hall, owned by owned by Vice's food website "MUNCHIES." The hall has yet to open and there has been no word of an opening date. The mall recently laid off 100 employees due to the COVID-19 crisis. Its developer, Triple Five, also reportedly missed two monthly payments on its $1.4 billion mortgage for the Mall of America in Minnesota. …
Rutherford
News
Report: 100 American Dream Employees Laid Off
The American Dream Mall isn’t looking so dreamy after approximately 100 employees were laid off due to financial issues from the COVID-19 pandemic, reports say. In a letter sent to the megamall’s employees on June 1, officials cite the need for “organizational restructuring” following the pandemic as the cause of the layoffs, NorthJersey.com reports. "With the onset of COVID-19 in early March, life as we knew it changed dramatically and our new 'normal' is still undefined," the letter said. "This time has allowed us to look at our organizational structure, and what made sens…
Rutherford
Business
Report: American Dream Developer Misses Payments On $1.4B Mortgage For Mall Of America
The developer of the American Dream Mall in East Rutherford has missed two monthly payments on its $1.4 billion mortgage for the Mall of America in Minnesota, media reports say. Triple Five put up 49 percent interest in the Minnesota mall along with a second mall in Canada as collateral to obtain a $1.67 billion loan for the construction of the American Dream, the Wall Street Journal reports. Mortgage services Wells Fargo & Co. reportedly confirmed the missed payments with NorthJersey.com Tuesday. Citing the ongoing turmoil following the death of George Floyd, the Minnesota mall has po…
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