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Economic Impact

NJ Mayors Want Murphy To Reopen Indoor Malls, Shopping Centers NJ Mayors Want Murphy To Reopen Indoor Malls, Shopping Centers
NJ Mayors Want Murphy To Reopen Indoor Malls, Shopping Centers A group of New Jersey mayors have formed a coalition in hopes of persuading Gov. Phil Murphy to reopen indoor malls. Woodbridge Mayor John E. McCormac is helming the coalition of mayors, all of whom have large indoor mall and shopping centers in their municipalities.  All New Jersey malls and shopping centers closed on March 17 due to the coronavirus outbreak. On May 18, the state allowed non-essential retail stores to offer curbside pickup. As the state begins to enter stage two of the multi-phase reopening plan on June 15, Murphy has said stores in the mall with direct access …
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…
2,704 Tropicana Atlantic City Employees Laid Off 2,704 Tropicana Atlantic City Employees Laid Off
2,704 Tropicana Atlantic City Employees Laid Off More than 2,700 employees were laid off from Tropicana Atlantic City with state-ordered casino closures extended another month, according to a WARN notice filed with the New Jersey Department of Labor and Workforce Development. Last Saturday, Eldorado Resorts -- which owns Tropicana -- moved to the minimum workforce necessary to maintain basic operations, according to an April 8 report to shareholders. New Jersey's nine casinos were ordered closed along with gyms, concert venues and movie theaters by Gov. Phil Murphy March 16 to help slow the spread of coronavirus. Atlantic City …