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Macy's To Close 150 Stores, Prioritize Luxury Brands Macy's To Close 150 Stores, Prioritize Luxury Brands
Macy's To Close 150 Stores, Prioritize Luxury Brands Macy's plans to close about 30 percent of its remaining stores over the next three years. The 150 closures will be at underperforming locations, with 50 planned for this year, the retailer announced on Tuesday, Feb. 27, unveiling what it is calling "A Bold New Chapter" strategy designed to return Macy’s profitability.  "It challenges the status quo to create a more modern Macy’s, Inc.," Tony Spring, chief executive officer of the company said in a statement. "We are making the necessary moves to reinvigorate relationships with our customers through improved shopping experiences, releva…

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by Joe Lombardi
Business
North Jersey's 'The Farmhouse' Closing After 16 Years North Jersey's 'The Farmhouse' Closing After 16 Years
North Jersey's 'The Farmhouse' Closing After 16 Years The Farmhouse in Westfield is closing its doors. After 16 years in business and 12 at its current location, owner Kelly Richardson announced on Instagram on Wednesday, Aug. 9, the furniture store will shut its doors on Sunday, August 13 at 5 p.m. "This has been a heartbreaking decision for me to make, however, we simply aren't able to outlast the current climate and circumstances that we face," Richardson, who has owned the store for the last two years, said. Richardson said The Farmhouse will fulfill all of its orders and will be keeping its outlet and warehouse open to allow for deliveri…

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by Sam Barron
Business
NJ Target Store Weeks Away From Opening NJ Target Store Weeks Away From Opening
NJ Target Store Weeks Away From Opening Another former Kmart store is being replaced by a new Target store -- this time in Atlantic County.  The newest Target to land in Somers Point is set to open this month in, NJ.com says citing news reports. Kmart vacated its anchor store at Somers Point Plaza, a popular shopping center off of Route 9.  Target Corp also has plans to replace a shuttered Kmart store in Wall, Monmouth County, and Kearney in Hudson County. A shuttered Kmart store in Mercer County is being replaced by a popular discount Grocery Outlet store as reported here by Daily Voice. 

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by Jon Craig
Business
Bed Bath & Beyond Cutting Nearly 3,000 Jobs Starting Immediately Bed Bath & Beyond Cutting Nearly 3,000 Jobs Starting Immediately
Bed Bath & Beyond Cutting Nearly 3,000 Jobs Starting Immediately Bed Bath & Beyond will cut nearly 3,000 jobs under a plan to cut costs and streamline operations. Jobs will start to be eliminated immediately, the company said in a statement on Tuesday, Aug. 25. "In conjunction with the organizational realignment, the company has implemented a significant workforce reduction of approximately 2,800 roles from across its corporate headquarters and retail banner stores, effective immediately," the statement said.  "This action is designed to further reduce layers at the corporate level, significantly reposition field operations to better serve…

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by Joe Lombardi
Business
Ulta Beauty To Close 19 Stores Ulta Beauty To Close 19 Stores
Ulta Beauty To Close 19 Stores Ulta Beauty announced plans to close 19 stores this year. Shops slated to get the ax have not been announced, but the beauty supplies chain has shops across New Jersey that could be impacted. Ulta Beauty top officials blamed COVID-19’s economic disruption as the reason for the cuts. Even while it closes some stores, Ulta Beauty has plans to open 30 more. Efforts will be made to transfer employees from closed shops to new or already existing ones, the company said in a press release. In New Jersey, Ulta has stores in Edgewater, Clifton, Maywood, Garfield, Cedar Knolls, Wayne, Montvale, L…

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by Kristin Palpini
News
Sears Closing Morris County Location Sears Closing Morris County Location
Sears Closing Morris County Location The Sears at Rockaway Town Square Mall is just one of many that will soon close permanently in yet another Coronavirus-related blow to the brick-and-mortar retail landscape. The Sears in Hackensack will also shutter, according to closing jobs listed June 30. The retail chain had added four closing jobs at the Rockaway store to its online database as of June 29. Available positions include home appliance sales, cashiers, hardware sales and backroom. Calls placed to the store were not answered. Sears has been closing stores across the country since 2018, when the company -- which also …

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by Valerie Musson
Business
American Dream Announces 4 Eateries Coming To Munchies Food Hall American Dream Announces 4 Eateries Coming To Munchies Food Hall
American Dream Announces 4 Eateries Coming To Munchies Food Hall The American Dream Mall announced the names of four restaurants coming to its food hall. Van Leeuwen's Artisinal Ice Cream, Green Leaf’s & Bananas, Noriya Sushi and Likkle More Jerk are the latest coming to the 38,000 square-foot Munchie's Food Hall, owned by owned by Vice's food website "MUNCHIES." The hall has yet to open and there has been no word of an opening date. The mall recently laid off 100 employees due to the COVID-19 crisis. Its developer, Triple Five, also reportedly missed two monthly payments on its $1.4 billion mortgage for the Mall of America in Minnesota. …

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by Cecilia Levine
News
Report: 100 American Dream Employees Laid Off Report: 100 American Dream Employees Laid Off
Report: 100 American Dream Employees Laid Off The American Dream Mall isn’t looking so dreamy after approximately 100 employees were laid off due to financial issues from the COVID-19 pandemic, reports say. In a letter sent to the megamall’s employees on June 1, officials cite the need for “organizational restructuring” following the pandemic as the cause of the layoffs, NorthJersey.com reports. "With the onset of COVID-19 in early March, life as we knew it changed dramatically and our new 'normal' is still undefined," the letter said. "This time has allowed us to look at our organizational structure, and what made sens…

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by Valerie Musson
Business
Report: American Dream Developer Misses Payments On $1.4B Mortgage For Mall Of America Report: American Dream Developer Misses Payments On $1.4B Mortgage For Mall Of America
Report: American Dream Developer Misses Payments On $1.4B Mortgage For Mall Of America The developer of the American Dream Mall in East Rutherford has missed two monthly payments on its $1.4 billion mortgage for the Mall of America in Minnesota, media reports say. Triple Five put up 49 percent interest in the Minnesota mall along with a second mall in Canada as collateral to obtain a $1.67 billion loan for the construction of the American Dream, the Wall Street Journal reports. Mortgage services Wells Fargo & Co. reportedly confirmed the missed payments with NorthJersey.com Tuesday. Citing the ongoing turmoil following the death of George Floyd, the Minnesota mall has po…

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by Valerie Musson
Business
Pier 1 Imports Closing All Stores, Going Out Of Business Pier 1 Imports Closing All Stores, Going Out Of Business
Pier 1 Imports Closing All Stores, Going Out Of Business Pier 1 imports, with 16 New Jersey stores, is going out of business and closing all stores including e-commerce operations, the company said in a statement. The company announced plans to run liquidation sales through the end of October once stores can reopen in compliance with COVID-19 restrictions, officials said in a statement. Intellectual property will also be sold in the bankruptcy, officials said. “This is not the outcome we hoped for when we began this process, and we are deeply saddened to move forward with winding down Pier 1,” said Robert Riesbeck, Pier 1’s Chief Executive Offic…

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by Valerie Musson
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
UPDATED: More Than 40 New Jersey ShopRite Stores Reported Coronavirus-Positive Workers UPDATED: More Than 40 New Jersey ShopRite Stores Reported Coronavirus-Positive Workers
Updated: More Than 40 New Jersey ShopRite Stores Reported Coronavirus-Positive Workers More than 40 ShopRite stores in New Jersey have workers sickened by coronavirus and three with employees showing symptoms of the virus, the grocer said. Some have been updating their Facebook pages when an employee tests positive.  None of the workers who tested positive remain at work and those who were in close contact with them were ordered to self-quarantine, ShopRite said. ** Did we miss one? Email clevine@dailyvoice.com ** The stores with employees who tested positive for coronavirus are in: Aberdeen Bloomfield Brick Brooklawn Byram Carteret Chatham Clark Clinton East Or…

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by Cecilia Levine
News
New Jersey Walmart Stores Hiring 2,400 Workers To Meet COVID-19 Demands New Jersey Walmart Stores Hiring 2,400 Workers To Meet COVID-19 Demands
New Jersey Walmart Stores Hiring 2,400 Workers To Meet Covid-19 Demands Walmart stores across New Jersey are hiring 2,400 new associates to help keep up with high demands related to the COVID-19 outbreak. Employees are needed for stores, clubs, distribution centers and fulfillment centers in an effort to hire 150,000 nationwide, officials said. The hiring process will be expedited, and the normal two-week process will be reduced to 24 hours for key roles like cashiers and stockers. “We know millions of Americans who are usually employed at this time are temporarily out of work, and at the same time we’re currently seeing strong demand in our stores,” said Doug…

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by Valerie Musson
News
Macy's To Close 125 Stores While Launching New Smaller-Format Outlets Macy's To Close 125 Stores While Launching New Smaller-Format Outlets
Macy's To Close 125 Stores While Launching New Smaller-Format Outlets Macy's has announced it plans to close 125 stores over the next three years and slash about 2,000 corporate jobs while launching new smaller outlets. Macy’s, which has shut down more than 100 stores since 2015, said it will exit weaker shopping malls while changing its focus to opening smaller-format stores in strip centers called Market by Macy’s. This new format is smaller than an average Macy’s store and will be located off-mall in lifestyle centers," said Jeff Gennette, chairman and chief executive officer of Macy’s, Inc.  "Market by Macy’s will feature a mix of curated Macy…

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by Joe Lombardi
Business
Bed Bath & Beyond Will Close At Least 40 Stores Bed Bath & Beyond Will Close At Least 40 Stores
Bed Bath & Beyond Will Close At Least 40 Stores Bed Bath and Beyond is planning to close at least 40 stores to help stem losses after it lost $253.8 million in the fourth quarter last year.  The home goods retailer was founded in 1971 and headquartered in Union Township.  While the company, with 1,550 locations and more than 60,000 employees, also announced it plans on opening around 15 new locations, it said even more stores could close if it is unable to negotiate more favorable lease terms with current landlords. Bed Bath and Beyond has North Jersey stores in: Clifton East Hanover Edgewater Elizabeth Flanders Jersey City …

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by Cecilia Levine
News
Owner's Death Puts Petland Out Of Business Owner's Death Puts Petland Out Of Business
Owner's Death Puts Petland Out Of Business Petland Discounts will close its 10 New Jersey stores, costing nearly 300 workers their jobs, following the death of the company's owner and founder. Neil Padron, who was 74 when he succumbed to bladder cancer last month, launched the business in September 1965 in Queens, N.Y. -- originally as a tropical fish store. Petland Discounts at its peak had 118 locations across the tri-state area.  All existing locations are expected to close, including 10 in New Jersey: Westwood, Paterson, Jersey City, West New York, North Bergen, Bayonne, Elizabeth, Orange and Irvington. Petland filed…

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by Cecilia Levine
Business
Elmwood Park Kmart Closing This July Elmwood Park Kmart Closing This July
Elmwood Park Kmart Closing This July Elmwood Park's Kmart will be closing on July 28, store officials said. Hundreds of Kmart and Sears stores, owned by Sears Holdings Corporation, have closed across the U.S. in an effort to save cash. Just earlier this week, however, Sears Holdings' stock surged 10 percent after announcing it would be selling many of its assets (including the Kenmore brand).

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by Cecilia Levine
Business
Sources: Dozens Of Stores To Replace Garden State Plaza JCPenney Sources: Dozens Of Stores To Replace Garden State Plaza JCPenney
Sources: Dozens Of Stores To Replace Garden State Plaza JCPenney Sixty smaller stores are proposed to replace the JCPenney at Westfield's Garden State Plaza in Paramus, sources said Monday. JCPenney announced last year it would be closing up to 140 stores along with two distribution centers while instituting an early retirement program in an effort to increase profits in the era of online shopping. Among those to go was the Garden State Plaza location, which closed on March 10 after nearly 60 years at the mall. The free-standing Best Buy on the other side of the mall will be moving to Bergen Town Center on April 14. "The JCPenney and Best Buy spac…

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by Cecilia Levine
Business
Hackensack's Kazimir's Pets Closes After 68 Years; Customers Mourn Hackensack's Kazimir's Pets Closes After 68 Years; Customers Mourn
Hackensack's Kazimir's Pets Closes After 68 Years; Customers Mourn Kazimir's Pet Shop in Hackensack will be closing next month after 68 years in business. "The internet and chain stores have taken over the industry," the pet shop announced on social media.  "It's not easy for a small business to survive. A big part of our life will be gone but we must move forward." A closing sale is in effect until the store's last day on April 15. "We will miss our customers who have become our family," the store wrote. We are so grateful for everyone who works there who always took the time to answer our questions and care about pets as …

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by Cecilia Levine
Business
Toys 'R' Us Will Close All 800 Stores, Affecting 33,000 Jobs Toys 'R' Us Will Close All 800 Stores, Affecting 33,000 Jobs
Toys 'R' Us Will Close All 800 Stores, Affecting 33,000 Jobs Six months after filing for bankruptcy, Toys 'R' Us will close all 800 of its U.S. stores, affecting as many as 33,000 jobs at the 70-year-old toy store chain. The company made the announcement to employees on Wednesday, according to the Wall Street Journal. A company representative confirmed the report, but noted that there would not be an immediate shutdown. Toys 'R' Us was already in the process of closing about 180 stores.  In a conference call with employees, CEO David Brandon cited customers choosing to shop elsewhere and online as one of the main reasons for the closures. Toys 'R'…

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by Joe Lombardi
Business
J.C. Penney To Close More Stores, Lay Off Hundreds Of Employees J.C. Penney To Close More Stores, Lay Off Hundreds Of Employees
J.C. Penney To Close More Stores, Lay Off Hundreds Of Employees J.C. Penney says it will close eight stores in 2018, resulting in 480 job cuts. This comes after the department store chain shuttered 140 stores in 2017. The eight stores scheduled for closure this year are: Hampton Village Plaza in St. Louis, Missouri Garden State Plaza in Paramus, New Jersey Sandburg Mall in Galesburg, Illinois Viking Plaza in Alexandria, Minnesota Washington Park Mall in Bartlesville, Oklahoma Cascade Mall in Burlington, Washington Calexico Store in Calexico, California Knox Village Square in Mt. Vernon, Ohio J.C. Penney had announced earlier this week, 600 jobs would …

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by Joe Lombardi