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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
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
News
Ocean State Job Lot Hiring Workers At New Mercer County Store Ocean State Job Lot Hiring Workers At New Mercer County Store
Ocean State Job Lot Hiring Workers At New Mercer County Store Ocean State Job Lot, a chain of discount stores, announced it is hiring new employees at a South Jersey store set to open by the end of the year. Ocean State Job Lot, with 146 stores across the Northeast, is preparing to open a new store in Princeton. The Princeton store is at the former Walmart at 101 Nassau Park Boulevard in Nassau Park Pavilion. New jobs include store management, and up to 50 part-time and full-time positions that pay starting at $14-an-hour, a spokesman with OSJL said on Thursday. The chain also offers new employees hiring bonuses and 30 percent store discounts.&n…

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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
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
Business
Walmart In Freehold, North Bergen Closed Friday Walmart In Freehold, North Bergen Closed Friday
Walmart In Freehold, North Bergen Closed Friday Walmart closed its Freehold and North Bergen stores Friday for sanitization and restocking, reports say. The stores will reopen Saturday, April 18 with associate health screenings and temperature checks, NorthJersey.com reports. All workers will be given face masks and gloves, too. Earlier this month, Garfield's Walmart closed for the same reason. Walmart didn't say whether the closure was in response to a positive case among employees.

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by Cecilia Levine
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