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Montvale, NJ

Business
The Fresh Market To Shut Down 15 Stores Amid Turnaround Plan The Fresh Market To Shut Down 15 Stores Amid Turnaround Plan
The Fresh Market To Shut Down 15 Stores Amid Turnaround Plan Fresh Market is set to shutter the doors of 15 stores in several states as it moves forward with its turnaround plan. The specialty grocery chain announced that it will be closing its locations in nine states over the next several weeks following “analysis of long-term growth,” according to the company. In a statement, officials said they will “do their best to relocate as many impacted employees as possible to other stores within our footprint.” According to The Fresh Market, the closings come from an organizational analysis and “careful consideration” of the company’s growth strategy and …

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by Zak Failla
News
Long-Awaited Harrison Wegmans Inches Closer To Reality With Signed Deal Long-Awaited Harrison Wegmans Inches Closer To Reality With Signed Deal
Long-Awaited Harrison Wegmans Inches Closer To Reality With Signed Deal Wegmans, the popular grocery chain known for its massive stores and food courts, is closer to opening in Harrison thanks to recent negotiations between Newmark Knight Frank (NKF) and the family-owned grocer. NKF represented the buyer and the seller, successfully negotiating the sale of a 20-acre parcel at 106-110 Corporate Park Drive in Harrison. The property was sold by Normandy Real Estate Partners to Wegmans Food Markets in a deal that closed Thursday, Jan. 4. Wegmans is expected to begin initial site work in late spring or early summer.  With 95 stores along the East Coast, 46 of which…

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by Jeanne Muchnick