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Wednesday, dec 25
Business
New Sears Closure Announced In Hudson Valley
Another one bites the dust. A new Sears location in the Hudson Valley is set to shut its doors amid massive nationwide closures of traditional brick-and-mortar stores. Sears at the Poughkeepsie Galleria will be the latest to close, with signs going up reading “store closing sale,” and “everything must go” throughout the store. Transformco, Sears’ parent company, has been liquidating dozens of Sears and Kmart locations after acquiring the assets of Sears Holding Corporation last year. No official date has been set for the Poughkeepsie closing. Sears and Kmart have closed thousands of job…
News
Macy's To Close 125 Stores While Launching New Smaller-Format Outlets
Macy's has announced it plans to close 125 stores over the next three years and slash about 2,000 corporate jobs while launching new smaller outlets. Macy’s, which has shut down more than 100 stores since 2015, said it will exit weaker shopping malls while changing its focus to opening smaller-format stores in strip centers called Market by Macy’s. This new format is smaller than an average Macy’s store and will be located off-mall in lifestyle centers," said Jeff Gennette, chairman and chief executive officer of Macy’s, Inc. "Market by Macy’s will feature a mix of curated Macy…
Business
Fairway Market Files For Bankruptcy, Plans To Sell Its Stores
Fairway Market has announced it is filing for Chapter 11 bankruptcy and will sell up to five of its stores to ShopRite before selling its remaining 13 locations. Fairway has markets in New York City, Long Island, Westchester and Fairfield counties. The five Fairway locations being sold to Village Super Market, Inc., the parent company of ShopRite, reportedly for $70 million, are all in New York City: Upper West Side store at 2131 Broadway Harlem store on 2328 12th Ave. (at 125th St.) Chelsea store at 766 6th Ave. Kips Bay store at 550 2nd Ave. Upper East Side store at 240 East 86th …
Business
Pier 1 Will Close Nearly Half Its Stores Amid Bankruptcy Speculation
Pier 1 Imports announced it will close up to 450 stores, nearly half of its 942 outlets. The news comes amid rumors unconfirmed that the retailer will soon file for bankruptcy and after another quarter of declining sales and losses. Pier 1 said sales decreased 11.4 percent compared to the third quarter of fiscal 2019. Pier 1, which did not reveal the timetable for store closures, said it plans to shut down some distribution centers and reduce its corporate headcount while also slashing expenses. To view the Pier 1 statement, click here.
Business
Turco's Sells Yorktown Grocery Store To Uncle Giuseppe's Marketplace
The popular grocery store in Northern Westchester is going to have a new name and new owner, Turco's is about to become Uncle Giuseppe's Marketplace, which operates six markets on Long Island and one in Bergen County. Preston Turco, who is retiring, has sold the store on Downing Drive in Yorktown Heights to the DelPrete family, which operates Uncle Giuseppe's. The new store will launch on Monday, Oct. 21. "As of Oct. 21, Turco's will become Uncle Giuseppe's Marketplace," Uncle Giuseppe's said in a statement. "The Uncle Giuseppe's family would like to congratulate Preston Turco on his reti…
Business
Fairway Market Store In Area Will Close
The rumor is true, a Fairway Market store in the area is closing its doors. Area shoppers had wondered for weeks if the store, located at the Shops at Nanuet, was closing after fewer items filled the shelves and rumors circulated on various Facebook pages. On Tuesday, Sept. 24, the grocer made it official by posting a sign on the front door announcing it will close for good on Wednesday, Sept. 25. The sign says: "We truly appreciate your business and loyalty over the last six years and have had the greatest pleasure being a part of your community and serving you. "It wasn’t an easy …
Business
Kmart In Yorktown Heights Closing Its Doors
The Kmart in Yorktown Heights in the Yorktown Green Shopping Center is closing its doors in mid-December, according to store officials. "After careful review, we have made the difficult but necessary decision to close the Kmart store in Yorktown Heights," said company spokesman Larry Costello. "The liquidation sale is expected to begin in mid-September and the store is planned to close by mid-December. We encourage customers to continue shopping on Kmart.com for all their product needs." Although Costello did not say how many employees would lose their jobs, a WARN notice to the sta…
Business
Luxury Retailer Barneys Closing 15 Stores, Files For Bankruptcy
Barneys has gone bankrupt. The luxury retailer has officially filed for bankruptcy due to decreased sales, and will be closing down 15 stores as part of a reorganization effort. “For more than 90 years, Barneys New York has been an iconic luxury specialty retailer, renowned for its edit, strong point of view, creativity, and representation of the world's best designers and brands," Barneys CEO and President Daniella Vitale said. "Like many in our industry, Barneys New York's financial position has been dramatically impacted by the challenging retail environment and rent structures that are …
Business
Lowe's To Lay Off Thousands Of Employees, Outsource Some Positions To Third Parties
Thousands of Lowe’s employees will soon be out of a job as the home improvement retail giant reshuffles positions. Lowe’s announced that it is planning to outsource the jobs of maintenance and assembly workers to third-party companies, including workers that put together certain items such as grills and wheelbarrows. The news of layoffs was first reported by the Wall Street Journal. It is unclear exactly how many employees are being laid off, but it is expected to be in the thousands. The company currently employs approximately 300,000 people in 1,725 stores nationwide. The layoffs come a…
Business
Sears Announces This Westchester Store Will Be Latest To Close
This story has been updated. As Sears continues to struggle to survive in a market filled with instant deliveries and the internet, the company announced on Wednesday, June 5, that another of its Westchester stores will close its doors. “As we continue to evaluate our store network and invest in our best stores, the Sears store in Yonkers at Cross Country Shopping Center did not meet our go-forward criteria," a Sears company spokesperson told Daily Voice. The store will close in late July and the store liquidation sale will start around Thursday, June 6, the spokesperson said. "We invite …
Business
Wegmans, With Westchester Store Coming, Launches Meal Delivery
As Wegmans prepares to move into a new location in Westchester next spring, it has announced it is launching a new food delivery service for customers. Following a successful pilot program, Wegmans Food Markets announced that it will begin delivering meals from select stores through a partnership with delivery platform DoorDash. Related story: Wegmans Announces When Westchester Market Will Open, Starts Hiring 500 New Employees The grocery store giant initially launched the service in Rochester and Virginia, with plans to launch Meals 2GO this week. The rollout calls for Meals2GO at s…
Business
'Sneaky' Surcharges Reported After Court Gives NY Merchants Right To Charge For Credit Card Use
Merchants in New York State, after a years-long court battle, now have the right to charge extra for credit card purchases as long as customers are notified, but some are crying foul, saying businesses are not playing fair. But some people are saying they didn’t find out they were paying more for using their credit cards at all, or, in other cases, until after seeing a "Credit Card Process Fee" on their receipts. The fees generally are in the range of about two to four percent of the bill. Merchants called for the surcharges, saying they pay a processing fee of around two percent for …
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