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Tuesday, nov 26
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Retail Industry
News
These NJ Stop & Shop Stores Are Among 32 Underperforming Locations Slated For Closure
Stop & Shop has released a list of the 32 underperforming stores by the end of the year. The grocery giant in March announced that it planned on closing a number of stores "in the interest of company longevity," as previously reported by Daily Voice. On Friday, July 12, Stop & Shop announced the locations of stores it expected to close on or before Nov. 2. Scroll down for the complete list. The 32 impacted store locations, which are anticipated to close on or before Nov. 2, 2024, include: New Jersey 1083 Inman Ave., Edison 1049 US Highway 1 South, Edison 4861 US Highway 9, Howel…
News
Dollar Tree Sold Lead-Infused Applesauce Pouches For Weeks After Recall, FDA Says
Despite a recall notice and multiple warnings from the Food and Drug Administration, Dollar Tree continued to sell applesauce pouches containing lead for weeks, federal officials say. The popular retail chain was issued a letter from the FDA this month regarding the WanaBana fruit puree pouches, distributed by Negasmart. "As described below, laboratory analysis of multiple lots of WanaBana Apple Cinnamon Fruit Puree pouches, including finished product samples collected from Dollar Tree stores, detected extremely high concentrations of lead," the letter reads. "... you conti…
Business
Stop & Shop To Close Underperforming Stores In Northeast
The future is grim for Stop & Shop's underperforming stores in the Northeast. The grocery giant — which operates 400 stores across Rhode Island, New Jersey, New York, and Massachusetts (where the company is headquartered) — announced plans to close a number of its underperformers in the interest of company longevity, officials confirmed with Daily Voice. Nearly half of the company's stores have been remodeled, and a Stop & Shop spokesperson said those stores continue to perform well. "We're committed to continuing to invest in our stores - as well in our prices - to deliver a great…
Business
Major Mall-Based Chain To Close 543 Stores After Filing For Bankruptcy
A major retailer primarily located in malls and headquartered in Pennsylvania is set to close all 543 of its stores following its third Chapter 11 bankruptcy filing. Closures for all rue21 locations are expected to be completed within the next two months with going-out-of-business sales coming soon. The company, headquartered in Pennsylvania outside Pittsburgh, had first filed for bankruptcy in 2003, and then for a second time in 2017, when it closed around 400 stores. Founded in 1970, rue21 specializes in women's & men's casual apparel and accessories. rue21 has locations in …
Business
Macy's To Close 150 Stores, Prioritize Luxury Brands
Macy's plans to close about 30 percent of its remaining stores over the next three years. The 150 closures will be at underperforming locations, with 50 planned for this year, the retailer announced on Tuesday, Feb. 27, unveiling what it is calling "A Bold New Chapter" strategy designed to return Macy’s profitability. "It challenges the status quo to create a more modern Macy’s, Inc.," Tony Spring, chief executive officer of the company said in a statement. "We are making the necessary moves to reinvigorate relationships with our customers through improved shopping experiences, releva…
Business
NJ Target Store Weeks Away From Opening
Another former Kmart store is being replaced by a new Target store -- this time in Atlantic County. The newest Target to land in Somers Point is set to open this month in, NJ.com says citing news reports. Kmart vacated its anchor store at Somers Point Plaza, a popular shopping center off of Route 9. Target Corp also has plans to replace a shuttered Kmart store in Wall, Monmouth County, and Kearney in Hudson County. A shuttered Kmart store in Mercer County is being replaced by a popular discount Grocery Outlet store as reported here by Daily Voice.
News
Ocean State Job Lot Hiring Workers At New Mercer County Store
Ocean State Job Lot, a chain of discount stores, announced it is hiring new employees at a South Jersey store set to open by the end of the year. Ocean State Job Lot, with 146 stores across the Northeast, is preparing to open a new store in Princeton. The Princeton store is at the former Walmart at 101 Nassau Park Boulevard in Nassau Park Pavilion. New jobs include store management, and up to 50 part-time and full-time positions that pay starting at $14-an-hour, a spokesman with OSJL said on Thursday. The chain also offers new employees hiring bonuses and 30 percent store discounts.&n…
Business
Bed Bath & Beyond Cutting Nearly 3,000 Jobs Starting Immediately
Bed Bath & Beyond will cut nearly 3,000 jobs under a plan to cut costs and streamline operations. Jobs will start to be eliminated immediately, the company said in a statement on Tuesday, Aug. 25. "In conjunction with the organizational realignment, the company has implemented a significant workforce reduction of approximately 2,800 roles from across its corporate headquarters and retail banner stores, effective immediately," the statement said. "This action is designed to further reduce layers at the corporate level, significantly reposition field operations to better serve…
Business
Ulta Beauty To Close 19 Stores
Ulta Beauty announced plans to close 19 stores this year. Shops slated to get the ax have not been announced, but the beauty supplies chain has shops across New Jersey that could be impacted. Ulta Beauty top officials blamed COVID-19’s economic disruption as the reason for the cuts. Even while it closes some stores, Ulta Beauty has plans to open 30 more. Efforts will be made to transfer employees from closed shops to new or already existing ones, the company said in a press release. In New Jersey, Ulta has stores in Edgewater, Clifton, Maywood, Garfield, Cedar Knolls, Wayne, Montvale, L…
News
Sears To Shutter Rockaway Townsquare Mall Location, Closing Jobs Available
The Sears at Rockaway Town Square Mall is just one of many that will soon close permanently in yet another Coronavirus-related blow to the brick-and-mortar retail landscape. The Sears in Hackensack will also shutter, according to closing jobs listed June 30. The retail chain had added four closing jobs at the Rockaway store to its online database as of June 29. Available positions include home appliance sales, cashiers, hardware sales and backroom. Calls placed to the store were not answered. Sears has been closing stores across the country since 2018, when the company -- which also …
News
Report: 100 American Dream Employees Laid Off
The American Dream Mall isn’t looking so dreamy after approximately 100 employees were laid off due to financial issues from the COVID-19 pandemic, reports say. In a letter sent to the megamall’s employees on June 1, officials cite the need for “organizational restructuring” following the pandemic as the cause of the layoffs, NorthJersey.com reports. "With the onset of COVID-19 in early March, life as we knew it changed dramatically and our new 'normal' is still undefined," the letter said. "This time has allowed us to look at our organizational structure, and what made sens…
Business
Report: American Dream Developer Misses Payments On $1.4B Mortgage For Mall Of America
The developer of the American Dream Mall in East Rutherford has missed two monthly payments on its $1.4 billion mortgage for the Mall of America in Minnesota, media reports say. Triple Five put up 49 percent interest in the Minnesota mall along with a second mall in Canada as collateral to obtain a $1.67 billion loan for the construction of the American Dream, the Wall Street Journal reports. Mortgage services Wells Fargo & Co. reportedly confirmed the missed payments with NorthJersey.com Tuesday. Citing the ongoing turmoil following the death of George Floyd, the Minnesota mall has po…
Business
Pier 1 Imports Closing All Stores, Going Out Of Business
Pier 1 imports, with 16 New Jersey stores, is going out of business and closing all stores including e-commerce operations, the company said in a statement. The company announced plans to run liquidation sales through the end of October once stores can reopen in compliance with COVID-19 restrictions, officials said in a statement. Intellectual property will also be sold in the bankruptcy, officials said. “This is not the outcome we hoped for when we began this process, and we are deeply saddened to move forward with winding down Pier 1,” said Robert Riesbeck, Pier 1’s Chief Executive Offic…
Business
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…
Business
Walmart In Freehold, North Bergen Closed Friday
Walmart closed its Freehold and North Bergen stores Friday for sanitization and restocking, reports say. The stores will reopen Saturday, April 18 with associate health screenings and temperature checks, NorthJersey.com reports. All workers will be given face masks and gloves, too. Earlier this month, Garfield's Walmart closed for the same reason. Walmart didn't say whether the closure was in response to a positive case among employees.
News
Updated
: More Than 40 New Jersey ShopRite Stores Reported Coronavirus-Positive Workers
More than 40 ShopRite stores in New Jersey have workers sickened by coronavirus and three with employees showing symptoms of the virus, the grocer said. Some have been updating their Facebook pages when an employee tests positive. None of the workers who tested positive remain at work and those who were in close contact with them were ordered to self-quarantine, ShopRite said. ** Did we miss one? Email clevine@dailyvoice.com ** The stores with employees who tested positive for coronavirus are in: Aberdeen Bloomfield Brick Brooklawn Byram Carteret Chatham Clark Clinton East Or…
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