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Business
$70.4M Sale Of NJ Mall Means $155.7M Loss For Investors, Report Says $70.4M Sale Of NJ Mall Means $155.7M Loss For Investors, Report Says
$70.4M Sale Of NJ Mall Means $155.7M Loss For Investors, Report Says Seventy million may seem like a lot. But context is everything. New Jersey's troubled Woodbridge Center sold to an unnamed buyer for $70.4 million in February, according to credit-rating firm Kroll. While the sale resolved a loan issue, investors suffered a $155.7 million loss, Kroll Bond Rating Agency (KBRA) said. In 2015, the 1.7 million-square-foot mall was acquired by Brookfield when it was appraised at $366 million, according to CoStar, a DC-based commercial real estate firm that analyzes market trends. The February 2024 sale was even lower than its most recent appraisal last Oct…

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by Cecilia Levine
Business
Cotton Candy Heaven: Newswoman Finds Sweet New Calling With Jersey Shore Biz Cotton Candy Heaven: Newswoman Finds Sweet New Calling With Jersey Shore Biz
Cotton Candy Heaven: Newswoman Finds Sweet New Calling With Jersey Shore Biz Have a hankering for cotton candy? You're in luck. Billie Rama of The Asbury Park Cotton Candy Co. is leasing a new production space exclusively for cotton candy lovers. Until now, Rama has been mobile only, operating a cotton candy table at parties, movies, and special events. Here is what Billie Rama's cotton candy table looks like when she "spins" at special events.Provided/ Billie Rama She organized this GoFundMe page to help defray the costs of setting up a permanent facility to expand and streamline her production. She started production at 909 Asbury Ave. Unit D on Thursday, Ma…

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by Jon Craig
Business
Everything 50% Off At Iconic Bergen County Costume Shop Going Out Of Business Everything 50% Off At Iconic Bergen County Costume Shop Going Out Of Business
Everything 50% Off At Iconic Bergen County Costume Shop Going Out Of Business A horror story right before Halloween: One of Bergen County's most popular costume shops is going out of business. But good news for shoppers in the market for a last minute costume: Everything at the Fun-Ghoul Costume Co., which opened 37 years ago is 50 percent off. Owner Cliff Witmyer tells NorthJersey.com that online shopping has hurt his Rutherford business. Witmyer opened the Park Avenue shop with his mom, Cis Witmyer, in 1987 as a full-service, specialty theatrical costume source. According to its website, Fun-Ghoul specialized in rare accessories, prosthetics and special …

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by Cecilia Levine
News
Feds: NJ, NY Postal Workers Stole Credit Cards To Buy $1.3M In Luxury Items For Online Resale Feds: NJ, NY Postal Workers Stole Credit Cards To Buy $1.3M In Luxury Items For Online Resale
Feds: NJ, NY Postal Workers Stole Credit Cards To Buy $1.3M In Luxury Items For Online Resale Three U.S. Postal Service workers from New Jersey and New York City masterminded a scheme to buy more than $1.3 million worth of designer clothes and accessories using credit cards that they stole from the mail, federal authorities charged. The items were then sold with the help of an entrepreneur who operated an online shopping site, they said. Nathanael Foucault, Johnathan “Junzie-J” Persaud, and Fabiola “Lady Fab” Mompoint passed the cards to a quintet of shoppers who bought the items at department stores in New Jersey and the city with the stolen credit cards, an indictment returned by …

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by Jerry DeMarco
News
Companies Selling Honey Tainted With Drugs Used To Fight Erectile Dysfunction: FDA Companies Selling Honey Tainted With Drugs Used To Fight Erectile Dysfunction: FDA
Companies Selling Honey Tainted With Drugs Used To Fight Erectile Dysfunction: FDA The US Food and Drug Administration (FDA) issued warning letters to four companies that allegedly illegally sold honey-based products that could contain drug ingredients found in erectile dysfunction medication. Testing by the FDA found that products being sold throughout the East Coast could pose a significant health risk to consumers due to the presence of drug ingredients that can be found in Cialis (tadalafil) and Viagra (sildenafil). Officials noted that those drugs are used to treat erectile dysfunction and are “restricted to use under the supervision of licensed health care professio…

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by Zak Failla
News
Boy, 15, Robbed Trying To Buy Sneakers In Washington Township Shopping Center Lot Boy, 15, Robbed Trying To Buy Sneakers In Washington Township Shopping Center Lot
Boy, 15, Robbed Trying To Buy Sneakers In Washington Township Shopping Center Lot A 15-year-old Bergen County boy was robbed when he tried to buy a pair of used sneakers from a stranger at a local shopping center, authorities said. The boy arranged through a mutual friend to meet the stranger, who showed up Thursday in an SUV with a companion at Washington Town Center on Pascack Road, Washington Township Police Capt. John Calamari said. After getting the sneakers, he said, the boy paid the seller through an online money transfer. The seller and his companion then “threatened and assaulted the victim, took the sneakers and fled in their vehicle,” Calamari said. Any…

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by Jerry DeMarco
News
Amazon Announces 5 New NJ Delivery Sites Amazon Announces 5 New NJ Delivery Sites
Amazon Announces 5 New NJ Delivery Sites More amazing news on the Amazon jobs front. The giant internet retail outlet announced five new future delivery sites as it opened its Linden delivery station in Union County.  Two new delivery sites will be in Middlesex County, two are targeted for Burlington County and one is planned in Mercer County, Amazon said in a press statement.  Amazon's newest delivery locations, all set to open in 2021, are at: 2473 Old York Road - Building 1 in Bordentown; 343 Half Acre Road in Cranbury; 400 Delran Parkway in Delran; 1115 King Georges Post Road in Edison; and  10 Princess Road …

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by Jon Craig
Lifestyle
Apple Headphones, Smartwatches, and More Cyber Monday Tech Deals Not To Pass Up Apple Headphones, Smartwatches, and More Cyber Monday Tech Deals Not To Pass Up
Apple Headphones, Smartwatches, and More Cyber Monday Tech Deals Not To Pass Up The holidays are creeping up quickly, which means getting your shopping list together for your loved ones. As the gifts pile up, your dollars tend to go down. Lessen the blow on your credit card bill this season and get awesome deals on great products. Be sure to use the coupon code CMSAVE20 at checkout to get 20% off all of these electronic essentials and accessories (some exclusions apply). Audio Apple Powerbeats 3Apple If you like listening to clear, crisp audio, a quality set of headphones or earbuds is vital. With all of today's advanced technology, there are so many options out th…

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by Daily Voice Shop
News
COVID-19, Black Friday A 'Super Bowl' Combo For Newest Scams, Here's How To Not Get Beat COVID-19, Black Friday A 'Super Bowl' Combo For Newest Scams, Here's How To Not Get Beat
Covid-19, Black Friday A 'Super Bowl' Combo For Newest Scams, Here's How To Not Get Beat WATCH OUT: The combination of COVID-19 and Black Friday creates the ultimate game for criminals who are skilled at robbing online customers blind, New Jersey's top law enforcer warned. The opportunities for cashing in at your expense this week is "like the Super Bowl for cyber criminals," New Jersey Attorney General Gurbir S. Grewal said. "They are good at the game and have had time to practice and rehearse each play.”  Grewal and the Division of Consumer Affairs warned consumers to watch out for new online scams and a slew of cyber-attacks as the holiday shopping season kicks off on w…

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by Jerry DeMarco
Lifestyle
20 Black Friday Deals for Your Home You Do Not Want to Miss 20 Black Friday Deals for Your Home You Do Not Want to Miss
20 Black Friday Deals for Your Home You Do Not Want to Miss If you're making a list and checking it twice, make sure your holiday wish list includes these hot items. Whether you want to give your loved one a great gift, or you want to treat yourself, you don't want to miss these deals for these innovative home products. Be sure to use coupon code BFSAVE20 at checkout to get 20% off (some exclusions apply) these already-discounted items, and take your Black Friday online shopping to the next level. General Home JASHEN V18 350W Cordless Vacuum CleanerJashen A clean home is a happy home; and in turn, a happy you. You can't have a spotless home with…

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by Daily Voice Shop
Business
Amazon Hiring 6,900 More New Jersey Workers As Online Shopping Booms Amazon Hiring 6,900 More New Jersey Workers As Online Shopping Booms
Amazon Hiring 6,900 More New Jersey Workers As Online Shopping Booms Amazon plans to hire another 6,900 workers in New Jersey, the Seattle-based company announced Monday. The mostly full-time Garden State jobs are among 100,000 new jobs the online-shopping behemoth expects create nationwide, Amazon said. The new employees will be placed in one of the company's 14 fulfillment and sorting centers in the state and three delivery stations. Amazon reported record profits during the most recent quarter of 2020 ending June 30 as more shoppers relied on Amazon during the COVID-19 pandemic to buy groceries and supplies. Amazon currently employs about 34,000 workers…

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by Jon Craig
Business
Walmart Launches 'Plus' In Challenge To Amazon Prime's Dominance Walmart Launches 'Plus' In Challenge To Amazon Prime's Dominance
Walmart Launches 'Plus' In Challenge To Amazon Prime's Dominance In a challenge to online shopping behemoth Amazon, Walmart is launching its own online retail delivery service. On Tuesday, Sept. 1, Walmart unveiled Walmart Plus (Walmart+), a membership program that grants subscribers unlimited free delivery, fuel discounts, and no checkout lines, according to the mega retailer’s announcement. Touted as a rival to Amazon Prime membership service, which offers free two-day deliveries, streaming, and video services, the Walmart program will cost $98 a year or $12.95 per month. It will become available on Sept. 15. Walmart is promising Plus members free sam…

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by Kristin Palpini
News
Pier 1 Closing All Stores For Good, Cites 'New Reality, Uncertainty Of Post-COVID World' Pier 1 Closing All Stores For Good, Cites 'New Reality, Uncertainty Of Post-COVID World'
Pier 1 Closing All Stores For Good, Cites 'New Reality, Uncertainty Of Post-covid World' Pier 1 Imports has become the latest retailer knocked against the ropes by the "new reality" of online shopping and finished off by COVID-19. Nearly 60 years after its first store opened -- and three months after filing for bankruptcy -- the company announced Tuesday that it wants to close all retail operations "as soon as reasonably possible." The explosion in online shopping, intense competition from larger chains and the coronavirus pandemic "are requiring us to wind down," Robert Riesbeck, Pier 1’s chief executive and chief financial officer, said in a statement. "This decisi…

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by Jerry DeMarco
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
Neighbors
What's The Deal? Allendale Residents Ask Amazon Where 'Surprise' Came From What's The Deal? Allendale Residents Ask Amazon Where 'Surprise' Came From
What's The Deal? Allendale Residents Ask Amazon Where 'Surprise' Came From Hundreds of Allendale residents recently joined tens of thousands of fellow Americans nationwide in reporting an item delivered through Amazon that they didn't order – in this instance, an iPhone screen protector. “Tossed it in the trash,” wrote one of the recipients. “Sketchy.” “I got one to my house and to my office. Neither for phones I have,” another added. “Have been getting them too. Not once, but 3 times already,” another said. “So weird.” Should they be worried? Probably not, experts say. A flood of deliveries of an unordered item is usually part of a scam known as “brushing,” i…

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by Jerry DeMarco
News
BEWARE: Don't Fall For Facebook 'Secret Sister' Gift Exchange BEWARE: Don't Fall For Facebook 'Secret Sister' Gift Exchange
Beware: Don't Fall For Facebook 'Secret Sister' Gift Exchange A seasonal scam is back: By participating in a Facebook "secret sister" gift exchange, you won’t receive anything – you’ll just be a fool. It began three Christmases ago, according to Snopes.com, when social media users began getting messages urging them to send a gift worth $10 to someone on a “sister list.” In return, the post said, they would get them three dozen presents – that’s right: 36 -- the come-on read. All you have to do, the bogus request says, is send a gift to the first “sister” on the list, move the second one the list to first and put your own name in the No. 2 spot. …

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by Jerry DeMarco
Business
Stop & Shop Makeover: Roll Out Of 'Refreshed' Format Includes $70M Renovation Of Stores Stop & Shop Makeover: Roll Out Of 'Refreshed' Format Includes $70M Renovation Of Stores
Stop & Shop Makeover: Roll Out Of 'Refreshed' Format Includes $70M Renovation Of Stores Stop & Shop stores throughout the area and the country are set to get a makeover. The supermarket chain announced its intention to introduce a new brand concept at more than 400 locations in the Northeast.  The initial rollout is scheduled to begin in Connecticut with 21 stores, followed by a $70 million renovation of all the company’s grocery stores. According to Stop & Shop President Mark McGowan, the new look will “reflect a more customer-centric strategy, based on convenience,” as well as a wider selection of fresh, local food products. Improvements reportedly include an i…

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by Zak Failla
Police & Fire
Police Urge Caution After Growing Cellphone Delivery Scam Fools Glen Rock Resident Police Urge Caution After Growing Cellphone Delivery Scam Fools Glen Rock Resident
Police Urge Caution After Growing Cellphone Delivery Scam Fools Glen Rock Resident In what’s become a common scam, a thief had an illegally purchased iPhone shipped to the home of a Glen Rock woman who may end up being a victim. After receiving the package, the borough resident notified Fed-Ex and arranged to have it picked up, Police Chief Dean Ackermann said. She was waiting for the Fed-Ex driver to arrive, Ackermann said, when a woman came to her door, claiming that it was her phone but had ended up at the wrong address. “The woman then took the package and left the area in a dark SUV,” Ackermann said. It wasn’t until a Fed Ex driver showed up later that the woman re…

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by Jerry DeMarco
Business
Amazon Hikes Cost Of Prime Service By 20 Percent Amazon Hikes Cost Of Prime Service By 20 Percent
Amazon Hikes Cost Of Prime Service By 20 Percent Amazon Prime is about to cost customers a few more dimes. Actually, more than a few. A 20-percent increase to be precise. Citing new Prime features and increased costs, Amazon CFO Brian Olsavsky announced on Thursday afternoon that the cost of membership will be upped to $119 annually beginning on May 11 for new customers. Existing members will see their bill increased as of June 16. Prime - once renowned for its free, expedited shipping - has introduced several new features since its inception, including streaming video, free two-hour delivery for certain products, Twitch viewing and dea…

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by Zak Failla
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
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
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