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Saks Fifth Avenue Acquires Neiman Marcus For $2.65B With Amazon As Partner Saks Fifth Avenue Acquires Neiman Marcus For $2.65B With Amazon As Partner
Saks Fifth Avenue Acquires Neiman Marcus For $2.65B With Amazon As Partner Luxury department store Saks Fifth Avenue has acquired rival Neiman Marcus, with Amazon jumping on board with a stake in the newly combined company. HBC, the parent company of Saks, entered into an agreement to acquire Neiman Marcus Group, the parent company of Neiman Marcus and Bergdorf Goodman, for a total enterprise value of $2.65 billion.  As part of the deal, Amazon will provide logistics in what HBC says will be a "technology-powered luxury retail company." “We're thrilled to take this step in bringing together these iconic luxury names, Saks Fifth Avenue, Neiman Marcus, and Ber…

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by Joe Lombardi
Business
Trader Joe's Recalling Candles Sold Nationwide Due To Possible Safety Risks Trader Joe's Recalling Candles Sold Nationwide Due To Possible Safety Risks
Trader Joe's Recalling Candles Sold Nationwide Due To Possible Safety Risks Trader Joe's is cautioning customers to trash a certain scented candle that poses a potential safety risk, the grocery giant announced. The company issued an alert regarding its "Mango Tangerine Scented Candle," which they say may have an "unexpected burn pattern." According to Trader Joe's officials, the candle flame can spread from the wick to the wax causing a larger than expected flame, presenting a burn or fire risk. Trader Joe’s Mango Tangerine Scented Candle Trader Joe's The recalled candles, which are part of the company's seasonal rotation were sold nationwide. The pr…

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by Zak Failla
Business
‘Is He Serious?’ NY Ice Cream Shop Owner Accused Of Stealing Employees’ Tips ‘Is He Serious?’ NY Ice Cream Shop Owner Accused Of Stealing Employees’ Tips
‘Is He Serious?’ NY Ice Cream Shop Owner Accused Of Stealing Employees’ Tips Social media is abuzz with outrage after a New York mother accused an ice cream shop owner of withholding customer tips that were given to her 15-year-old son and other employees. In a post on a community Facebook page Monday, July 1, the Long Island resident said her son quit his job at the Hauppauge business after the owner allegedly told him he “can’t figure out” how to separate tips that customers paid using a debit or credit card on his point-of-sale system. “I am not one who tips for every little thing, but people were tipping these kids on their credit cards, which they really apprec…

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by Michael Mashburn
Business
Bob's Stores To Close All Locations After Filing For Bankruptcy; Retailer Liquidating Inventory Bob's Stores To Close All Locations After Filing For Bankruptcy; Retailer Liquidating Inventory
Bob's Stores To Close All Locations After Filing For Bankruptcy; Retailer Liquidating Inventory Bob's Stores, the family apparel and shoe retailer, will close all of its 21 locations throughout the Northeast after the company said it is bankrupt. The stores will remain open through July 14 as the company sells its remaining items at greatly reduced prices. Some things were marked down as much as 70 percent, according to a news release. The company, which filed for Chapter 11 bankruptcy late last month, is $29.4 million in debt, according to the court filing.  Bob's President Dave Barton apologized to the communities affected by the closures.  We regret that our financ…

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by Josh Lanier
Business
'Heavy Hearts': Quincy Restaurant To Close After 41 Years Serving Tex-Mex Cuisine 'Heavy Hearts': Quincy Restaurant To Close After 41 Years Serving Tex-Mex Cuisine
'Heavy Hearts': Quincy Restaurant To Close After 41 Years Serving Tex-Mex Cuisine The owners of a popular Quincy Tex-Mex restaurant say they are closing the doors after 41 years in business so they can spend more time with their family.  The owners of La Paloma said in a Facebook post that they will close for good on June 29. The restaurant is located at 195 Newport Ave. in Quincy.  It is with heavy hearts that we are announcing that La Paloma will be closing our doors for good on June 29. We have been blessed to serve our community for the past 41 years. We have made a lot of great connections, memories and friends along the way through good times and bad. Mic…

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by Josh Lanier
Business
Smile, You're On Body Camera: TJ Maxx To Equip Employees To Fight Shoplifting Smile, You're On Body Camera: TJ Maxx To Equip Employees To Fight Shoplifting
Smile, You're On Body Camera: TJ Maxx To Equip Employees To Fight Shoplifting To fight the recent rise in shoplifting and retail theft, shoppers could see store security employees wearing body-worn cameras to help catch thieves red-handed.  TJX, the parent company of TJ Maxx, Marshalls, Serria, HomeSense, and HomeGoods, said will begin equipping some employees with body-worn cameras similar to those worn by police, the Boston Globe reported. The company started testing the initiative last year.  The company operates nearly 3,400 stores nationwide.  A call to the Framingham, Massachusetts, headquarters of TJX for comment was not immediately r…

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by Josh Lanier
Business
Rocco's Doughnut Company Closes Burlington Store On Pastry Holiday Rocco's Doughnut Company Closes Burlington Store On Pastry Holiday
Rocco's Doughnut Company Closes Burlington Store On Pastry Holiday The Burlington branch of Rocco's Doughnut Company will say goodbye to the community on Friday, June 7, which happens to be National Doughnut Day.  The store at 19 3rd Ave. announced the closure in a Facebook post.  Our time here at 19 3rd ave will soon be coming to an end 🥺We came here one year ago (this June) as a pop-up and as our lease comes to a close we would love to thank you for the support you’ve all shown us. Our last day in Burlington will be Friday, June 7th which also happens to be National Doughnut Day 🍩🍩🍩 We hope to see you all these next few weeks and you can always…

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by Josh Lanier
Business
Nationwide Recall Issued For Ground Black Pepper Due To Possible Health Risk Nationwide Recall Issued For Ground Black Pepper Due To Possible Health Risk
Nationwide Recall Issued For Ground Black Pepper Due To Possible Health Risk A nationwide recall has been issued for a brand of ground black pepper that could be contaminated with Salmonella. UBC Food Distributors issued the recall for the product under the Baraka brand name in 7-ounce plastic containers with UPC code 8 22514 26626 6, the Food & Drug Administration (FDA) announced. The company said it was notified of the potential for contamination based on a routine state surveillance sample collected by the New York Department of Agriculture and Markets that tested positive for Salmonella the presence of Salmonella in some packages of the product. Salmon…

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by Joe Lombardi
Business
Cucumbers Shipped To 14 States Recalled Due To Possible Salmonella Contamination Cucumbers Shipped To 14 States Recalled Due To Possible Salmonella Contamination
Cucumbers Shipped To 14 States Recalled Due To Possible Salmonella Contamination A Florida-based company is recalling whole cucumbers that were shipped to 14 states, but may be contaminated with Salmonella, the Food and Drug Administration (FDA) announced. According to the FDA, the cucumbers subject to recall are dark green, between 1.5 inches and two inches thick and between five to nine inches long. Officials made note that mini cucumbers and English cucumbers are not included in the recall. FDA The recalled cucumbers were shipped in bulk cartons between Friday, May 17 and Tuesday, May 21 to retail distribution centers, wholesalers, and food service distributor…

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by Zak Failla
Business
Stop & Shop To Close Underperforming Stores In Northeast Stop & Shop To Close Underperforming Stores In Northeast
Stop & Shop To Close Underperforming Stores In Northeast The future is grim for Stop & Shop's underperforming stores in the Northeast. The grocery giant — which operates 400 stores across Rhode Island, New Jersey, New York, and Massachusetts (where the company is headquartered) — announced plans to close a number of its underperformers in the interest of company longevity, officials confirmed with Daily Voice. Nearly half of the company's stores have been remodeled, and a Stop & Shop spokesperson said those stores continue to perform well. "We're committed to continuing to invest in our stores - as well in our prices - to deliver a great…

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by Cecilia Levine
Business
Boston Hot Dog Company Closing In Salem; Chef-Owner Teases New Restaurant Boston Hot Dog Company Closing In Salem; Chef-Owner Teases New Restaurant
Boston Hot Dog Company Closing In Salem; Chef-Owner Teases New Restaurant The Boston Hot Dog company will close its doors following the holiday weekend, but that's not the end for chef-owner Mike Denk. He has some cheesy plans for the location.  Denk announced his decision to close the 60 Washington St. restaurant in a lengthy Facebook post, calling the decision to close after Monday, May 27, "bittersweet." He is keeping the location, but reinventing his vision for it.  Denk calls it "Au Gratin." The new restaurant will have a "scratch-made menu inspired by a love of cheese," he wrote.  But with every ending comes a new beginning, and he…

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by Josh Lanier
Business
Target To Lower Prices On 5,000 Items: Here's Where You Can Expect To See Savings Target To Lower Prices On 5,000 Items: Here's Where You Can Expect To See Savings
Target To Lower Prices On 5,000 Items: Here's Where You Can Expect To See Savings Target announced that it would lower prices on 5,000 "frequently shopped" items in its stores nationwide, the company said in a press release.  Those items include milk, meat, bread, soda, fresh fruit and vegetables, snacks, yogurt, peanut butter, coffee, diapers, paper towels, pet food, and more, the chain said in a Monday, May 20, news release. The new prices will be rolled out throughout the summer.  "We know consumers are feeling pressured to make the most of their budget, and Target is here to help them save more," said Rick Gomez, Target's executive vice president and c…

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by Josh Lanier