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Bergen County-Based Party City Going Out Of Business, Closing All 800 Stores
The party is over for a popular chain store that's been in business for decades.
Party City is “winding down” operations immediately at its approximately 800 locations, CEO Barry Litwin told corporate employees in a video call on Friday, Dec. 20, CNN reports.
Workers were told they will not receive severance pay, and that their benefits would end as the company goes out of business, CNN says.
The company, headquartered in in Woodcliff Lake, New Jersey, is running low on cash and unable to pay rent in some locations, according to an earlier Bloomberg report.
Party City was foun…
Dream Weddings Wrecked: Popular NJ Venue Files For Bankruptcy, Blames Lender
Erin Fowlie and Lindsey Nadolny fell in love with the Art Factory, to put it simply.
The Matawan couple signed a contract back in March 2023 with owners David Garsia and his wife, Donata, and put down $14,000 upfront for their Oct. 18, 2024 wedding.
"They said we had access to the premises at all times," said Fowlie, 33. "They said we were family, we were this, we were that."
But earlier this month, the brides-to-be came across a news article saying that the popular Paterson wedding venue, located in a refurbished warehouse on Spruce Street, was going bankrupt.
They showed Donata the…
Red Lobster Restaurant Closings: 4 NJ Locations Among Dozens Shuttered Abruptly In U.S.
Red Lobster has abruptly closed dozens of locations across the United States.
According to a Bloomberg, the fast-casual seafood restaurant has considered filing for bankruptcy.
The following locations are listed as being temporarily closed on the Red Lobster website, with some set to be auctioned off.
MD: Columbia, Laurel, Silver Spring, Gaithersburg
NJ: Ledgewood, Lawrenceville, East Brunswick, Bridgewater
PA: Erie
VA: Newport News, Williamsburg, Colonial Heights
TAGeX Brand, which bills itself as the world's largest after-marketplac…
Rite Aid Is Selling These Seven New Jersey Leases After Filing For Bankruptcy
Of the dozen New Jersey Rite Aid stores closing amid filing for bankruptcy, seven of the leases are being sold.
A&G Real Estate Partners is acting as the real estate advisor for the pharmacy chain, which filed for bankruptcy on Oct. 15, and has plans to close 154 underperforming stores nationwide.
The following leases are for sale, according to A&G:
2 Vernon Ave., Hamburg
1636 Route 38, Lumberton
210 Bridgeton Pike, Mantua
108 Swedesboro Road, Mullica Hill
Route 33/Robbinsville-Edinburg Road, Robbinsville
773 Hamilton St., Somerset
1434 South Black Horse Pike, Williamstown
The dea…
David's Bridal Laying Off 9,200 Employees Amid Bankruptcy Filing
David's Bridal will send more than 9,000 workers home in an upcoming round of layoffs, according to a disclosure form it filed with the Pennsylvania Department of Labor and Industry.
The Montgomery County, PA-wedding retailer expects to lay off 9,236 employees nationwide in a three-phase plan that began on Friday, April 14, according to the state website.
It's not clear how many of those workers are in Pennsylvania, though the layoffs are expected to affect locations in Blair, Dauphin, Delaware, Erie, Luzerne, and York counties, as well as four shops in Allegheny County, two sho…
'Get The Truth Uncovered': Nine More NJ Priests Accused Of Sex Abuse
The names of nine Catholic priests from New Jersey have been added to one law firm's list of accused child sex abusers.
The priests below are the latest named in sex abuse settlements stemming from the Diocese of Camden County's bankruptcy case, according to the law firm of Jeff Anderson & Associates.
The alleged crimes took place in Camden, Collingswood, Hammonton, Pennsauken, Waterford, Cherry Hill, Laurel Springs, and Carney’s Point, with the abuse spanning from the mid-1950s through the early 1980s, Anderson said.
Rev. Jerome Prisco
Rev. Joseph O’Connell
Rev. John O’Brien
Rev. Ken…
Paramus Neiman Marcus Among 17 Closing Across U.S.
Neiman Marcus has announced the closure of four department stores and 17 of its "Last Call" locations across the U.S. including one in Paramus.
The luxury department store chain filed for bankruptcy in May.
The Paramus store at Bergen Town Center, the 16 other markdown stores and the four department stores are expected to close by the fall of this year.
The other "Last Call" locations closing are in New York, Florida, Washington, California, Texas, Georgia, Illinois, Louisiana, Maryland and Nevada.
“As part of our Chapter 11 proceedings, we provided to the court a list of Neiman Marcus st…
First Weehawken, Now Hasbrouck Heights: Another North Jersey Houlihan's Closes
Now that the Houlihan’s restaurant on Route 17 in Hasbrouck Heights hasn’t made it to New Year’s, some are wondering: Which one is next?
Earlier this year, the company that owns the chain closed its Weehawken location, along with one in Lawrenceville.
It was closing time again on Sunday, this time for its Route 17 sister, which had been in business for 21 years alongside a stretch of highway that included fellow restaurant/bars Biggie's and The Crow’s Nest, as well as IHOP, White Castle and Sonic, among others.
Also closing Sunday was the Houlihan's in Woodbridge, as well as several others…
