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JCPenney

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JCPenney Moving To Willowbrook Mall JCPenney Moving To Willowbrook Mall
JCPenney Moving To Willowbrook Mall JCPenney is on the move in Passaic County. The department store chain is relocating from the Wayne Town Center to Willowbrook Mall next month in the township, Ryan Hidalgo, the senior general manager of the mall said.  JCPenney will be taking the spot formally occupied by Lord and Taylor, Hidalgo said. JCPenney has 10 locations in the Garden State, including in Woodbridge and Jersey City.

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by Sam Barron
Business
Nearly 50K Massage Guns Sold Nationwide Recalled Due To Fire, Burn Hazards Nearly 50K Massage Guns Sold Nationwide Recalled Due To Fire, Burn Hazards
Nearly 50K Massage Guns Sold Nationwide Recalled Due To Fire, Burn Hazards Nearly 50,000 massage guns sold at major retailers across the country are being recalled due to more than a dozen reports of overheating and a burn injury. The US Consumer Product Safety Commission (CPSC) announced this week that Homedics is recalling tens of thousands of personal massagers that ca overheat while charging, leading to a report of fire or burn risk.  In total, approximately 46,000 are being recalled in the US, and another 41,000 in Canada, according to federal officials. The recall includes "HoMedics Therapist Select Massagers" with model number HHP-715 and a 120 VAC, 6…

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by Zak Failla
News
LIST: Bankrupt GNC Closing 248 Stores, Including 20 In NJ, NY LIST: Bankrupt GNC Closing 248 Stores, Including 20 In NJ, NY
List: Bankrupt GNC Closing 248 Stores, Including 20 In NJ, NY GNC on Wednesday released a list of stores that the company is closing in New Jersey and New York as part of its filing for Chapter 11 bankruptcy protection. The retailer, which had 5,200 stores in the U.S. and 7,300 worldwide at the end of March, said it expects to close anywhere from 800 to 1,200 of them, beginning with those listed below. GNC already was submerged in an estimated $700 million in debt and facing delisting on the New York Stock Exchange when COVID-19 struck. The coronavirus pandemic “created a situation where we were unable to accomplish our refinancing and the abrupt cha…

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by Jerry DeMarco
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
Business
JCPenney Files For Bankruptcy JCPenney Files For Bankruptcy
JCPenney Files For Bankruptcy JCPenney has filed for bankruptcy, becoming the largest retailer to crumble during the coronavirus crisis. The retailer has 11 stores in New Jersey and is expected to announce which ones will close in the coming weeks. JCPenney hopes to come out of Chapter 11 "and this pandemic as a stronger retailer," company CEO Jill Soltau said. The Garden State Plaza location shuttered in March 2018. Click here for more from the New York Times.

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by Cecilia Levine
News
LAWSUIT: Zinburger Suing Garden State Plaza Over 'Ghost Town' Mall Location LAWSUIT: Zinburger Suing Garden State Plaza Over 'Ghost Town' Mall Location
Lawsuit: Zinburger Suing Garden State Plaza Over 'Ghost Town' Mall Location When Zinburger Wine & Burger Bar signed a lease at the Westfield Garden State Plaza in 2012, its section of the mall was bustling. Seven years later and the burger restaurant remains one of the few tenants remaining in its section. Several retailers were vacated in 2017 and 2018 -- including JCPenney -- and Zinburger is down nearly 20 percent in sales, making it unprofitable, according to a lawsuit filed by the restaurant against the mall. The suit accuses the mall of hindering business to the restaurant and notes that Zinburger's requests to relocate were denied because it would cost …

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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