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Friday, jan 10
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Business
Kohl’s Closing 27 Stores Across The US Including In Mid-Atlantic
Kohl’s announced Thursday, Jan. 9, the closure of 27 underperforming stores, including locations in Pennsylvania, New Jersey, Massachusetts, and Virginia, as part of its 2025 real estate changes. The closures are expected to be finalized by April 2025 and are part of the company’s strategy to strengthen its store portfolio while adapting to evolving consumer trends. Among the affected locations are stores in Pennsylvania, New Jersey, Massachusetts, and Virginia. Pennsylvania Pottstown – 351 W Schuylkill Rd. New Jersey East Windsor – 72 Princeton Hightstown Rd. Massachusetts Stoug…
Business
Macy’s Closing 66 Stores Across US
Macy’s, Inc. confirmed on Thursday, Jan. 9, the closure of 16 stores across Virginia, New Jersey, New York, Massachusetts, and Maryland as part of its "Bold New Chapter" strategy. The closures are among 66 Macy’s locations set to shutter nationwide, a move designed to return the company to "sustainable, profitable sales growth." The stores closing in these states include: Virginia Southpark Mall Pennsylvania Logan Valley Mall Exton Square Mall Wyoming Valley Mall Philadelphia Center City Store in the Wanamaker Building New Jersey Essex Green Shopping Center New York Lake Success Melv…
Business
Trader Joe’s Ranked No. 1 In Grocery Retailer Index
In the world of grocery and retail trends, Trader Joe’s has ranked first in customer data science company Dunnhumby’s second annual Retailer Preference Index (RPI). The RPI examined the 56 largest retail chains in the U.S. grocery market, worth $700 billion, to determine which chains have the best financial performance and “consumer emotional sentiment.” Trader Joe’s made the number one spot for the second consecutive year. Other chains that topped the list include Costco Wholesale, Amazon, H-E-B and Wegmans Food Markets. Honorable mentions include Market Basket (No. 6), Sam’s Club (N…