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LIST: Bankrupt GNC Closing 248 Stores, Including 20 In NJ, NY LIST: Bankrupt GNC Closing 248 Stores, Including 20 In NJ, NY
List: Bankrupt GNC Closing 248 Stores, Including 20 In NJ, NY GNC on Wednesday released a list of stores that the company is closing in New Jersey and New York as part of its filing for Chapter 11 bankruptcy protection. The retailer, which had 5,200 stores in the U.S. and 7,300 worldwide at the end of March, said it expects to close anywhere from 800 to 1,200 of them, beginning with those listed below. GNC already was submerged in an estimated $700 million in debt and facing delisting on the New York Stock Exchange when COVID-19 struck. The coronavirus pandemic “created a situation where we were unable to accomplish our refinancing and the abrupt cha…

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by Jerry DeMarco
Business
Toys 'R' Us May Close Another 200 Stores, Report Says Toys 'R' Us May Close Another 200 Stores, Report Says
Toys 'R' Us May Close Another 200 Stores, Report Says Less than a month after announcing it planned to close 182 outlets, another 200 Toys 'R' Us stores may also be closing, according to a report in The Wall Street Journal on Thursday. The total of near 400 closures would be 45 percent of the toy retailer's total number of stores. Toys 'R' Us also reversed plans to offer severance packages to all affected employees, The Wall Street Journal reported. The locations of the 200 stores were not available. Toys 'R' Us, which filed for bankruptcy last fall, announced on Jan. 24 it planned on closing the 182 outlets, according to a court filing. A …

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by Joe Lombardi
News
NJ-Based Toys 'R' Us Closing 182 Stores, Including Location In Bergen NJ-Based Toys 'R' Us Closing 182 Stores, Including Location In Bergen
Nj-based Toys 'R' Us Closing 182 Stores, Including Location In Bergen Toys "R" Us, which filed for bankruptcy last fall, plans to close as many as 182 outlets, about one-fifth of its total number of stores across the country, according to a court filing late Tuesday. A shift by customers to online shopping and increased competition led to the move, the Wayne, New Jersey-based company said.  Here is a rundown of tristate area stores scheduled for closure: New York Yonkers, 2700 Central Park Avenue College Point, 139-19 20th Avenue Union Square, 24-30 Union Square East Sayville, 5181 Sunrise Highway Massapequa, 5214 Sunrise Highway Henrietta, 2…

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by Joe Lombardi