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Tuesday Morning Retailer Struck By Coronavirus Closing 7 NJ Stores Tuesday Morning Retailer Struck By Coronavirus Closing 7 NJ Stores
Tuesday Morning Retailer Struck By Coronavirus Closing 7 NJ Stores Home goods retailer Tuesday Morning is the latest national outlet to seek bankruptcy protection, company officials said. Tuesday Morning's closing is a result of the "immense strain of the COVID-19 pandemic," the Dallas-based retail chain said in a statement.  At least seven Tuesday Morning stores in New Jersey will close as a result of the bankruptcy. The discount home retailer has 11 stores in the Garden State, Tuesday Morning Corp., founded in 1974, said it expects to close about 230 of its 687 stores nationwide. New Jersey stores that will remain closed are in East Hanover, Middl…

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by Jon Craig
Business
Victoria's Secret, Bath & Body Permanently Closing Stores Nationwide Victoria's Secret, Bath & Body Permanently Closing Stores Nationwide
Victoria's Secret, Bath & Body Permanently Closing Stores Nationwide Victoria’s Secret will permanently close about 250 stores in the U.S. and Canada this year, parent company L Brands announced.  Ohio-based L Brands did not detail the closure locations, but there are 42 Victoria's Secret stores in New Jersey and 1,000 nationwide.  L Brands also announced that 51 Bath & Body Works stores in the U.S. and Canada will close this year. There are 10 Bath & Body stores in New Jersey and 1,635 stores nationwide. The popular retail chain joins others in announcing permanent store closures in recent weeks including J.Crew, Neiman Marcus, JC Pe…

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by Jon Craig
News
JCPenney Closing 242 Stores JCPenney Closing 242 Stores
JCPenney Closing 242 Stores JCPenney plans to permanently close 242 stores this year and next as it continues to reel from billions of dollars of debt, severe competitive disadvantages and the coronavirus pandemic. “Penney’s” cited COVID-19 when filing for bankruptcy late last week – the fourth national retailer to do so this month following J.Crew, Neiman Marcus and Stage Stores. "Until this pandemic struck, we had made significant progress rebuilding our company," CEO Jill Soltau said in a statement Friday. "Implementing this financial restructuring plan through a court-supervised process is the best path to ensure…

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by Jerry DeMarco