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Retail Sector

Business
Four Bed, Bath, & Beyond Shops Closing Permanently In Connecticut Four Bed, Bath, & Beyond Shops Closing Permanently In Connecticut
Four Bed, Bath, & Beyond Shops Closing Permanently In Connecticut There are four Bed, Bath, and Beyond Connecticut stores that will close soon as part of the company’s plan to shutter more than 60 stores in 2020. The housewares chain store said on Friday, Sept. 18, according to USA Today, that it planned to close 63 stores including the ones in: Danbury, Sugar Hollow Road Mildford, Boston Post Road Farmington, Southeast Road Torrington, East Main Street. While many retailers and restaurants have closed due to the COVID-19 restrictions on the economy, Bed, Bath, and Beyond, over the winter, before COVID-19 became aa serious risk in the U.S., the store ann…

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by Kristin Palpini
Business
COVID-19: Retailer J.Crew, With 450 Stores Throughout Nation, Files For Bankruptcy COVID-19: Retailer J.Crew, With 450 Stores Throughout Nation, Files For Bankruptcy
Covid-19: Retailer J.Crew, With 450 Stores Throughout Nation, Files For Bankruptcy Amid a plunge in sales during the novel coronavirus (COVID-19) pandemic, specialty retailer J.Crew has filed for bankruptcy. More Chapter 11 filings across the retail sector are expected in the coming weeks. J.Crew, which opened its first location in 1989, operates more than 450 stores throughout the United States. The company J.Crew, which was struggling financially before the pandemic hit, was acquired in 2011 by TPG Capital and Leonard Green & Partners for $3 billion. J.Crew said in a statement that it has filed a series of customary "first-day" motions with the Bankruptcy Cou…

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by Joe Lombardi
Real Estate
Local Investors Purchase Fairfield Kohl's Building For $12.5M Local Investors Purchase Fairfield Kohl's Building For $12.5M
Local Investors Purchase Fairfield Kohl's Building For $12.5M A group of investors is teaming up to purchase the Kohl’s building in Fairfield. Westport-based Vidal/Wettenstein announced this week that the three-parcel property on Tunxis Hill Road has been sold in a $12.5 million off-market deal. The property has been fully occupied as the terms of the sale were finalized. Over the past several decades, the main building has housed several tenants, including the original PathMart Food Store, an Arlan’s department store and Caldor. Kohl’s has been in the 101,402-square-foot property since Caldor vacated the space approximately 20 years ago. As part of …

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by Zak Failla