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Retail Bankruptcy

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Brookstone To Close Mall Locations Including Three In North Jersey Brookstone To Close Mall Locations Including Three In North Jersey
Brookstone To Close Mall Locations Including Three In North Jersey Sorry shoppers, no more chair massages in the malls -- Brookstone announced Thursday it will be closing all of its mall locations. The retailer made the following announcement on Twitter: Today, we made the difficult decision to close our remaining mall store locations – but the Brookstone you know and love is not going away. We will to continue to offer the same great product quality and variety in our 35 airport stores and online at Brookstone.com. We are grateful to all our mall store employees and managers who have contributed so much over the years. The following Bergen County location…

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by Cecilia Levine
Business
Paramus Toys 'R' Us Landlord Wants Lease Blocked From Raymour & Flanigan Paramus Toys 'R' Us Landlord Wants Lease Blocked From Raymour & Flanigan
Paramus Toys 'R' Us Landlord Wants Lease Blocked From Raymour & Flanigan Not so fast, Raymour & Flanigan. Less than two weeks after the furniture store bid $1.3 to take over the lease of the Route 4 east Toys R Us store in Paramus, the building's landlord has asked Bankruptcy Court to block the sale, NorthJersey.com reports. Property owner N.T. Hegeman Co., Ltd., cites a provision in the 46-year-old building lease prohibiting assigning the lease to furniture stores, the article says. Prior to the request, the Paramus store was among the 20 on the auction block in the U.S. that received winning bids from someone other than their own landlords, according to a…

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by Cecilia Levine