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Big Lots To Begin 'Going Out Of Business' Sales At Nearly 1,000 Remaining Stores Big Lots To Begin 'Going Out Of Business' Sales At Nearly 1,000 Remaining Stores
Big Lots To Begin 'Going Out Of Business' Sales At Nearly 1,000 Remaining Stores Big Lots has announced plans to close all of its remaining 963 stores, initiating "going out of business" sales following its Chapter 11 bankruptcy filing in September. The company says it's started the process of closing stores in 48 states and liquidating inventory under its court-supervised Chapter 11 bankruptcy proceedings.  The decision comes as the retailer seeks to maximize value for stakeholders while exploring potential going-concern sale opportunities. "We all have worked extremely hard and have taken every step to complete a going concern sale," Big Lots' President and Chie…

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by Joe Lombardi
Business
Advance Auto Parts To Close Over 700 Stores Advance Auto Parts To Close Over 700 Stores
Advance Auto Parts To Close Over 700 Stores A nationwide auto parts retailers says it will close over 700 stores as part of “a strategic plan to improve business performance.” Advance Auto Parts, which has about 4,800 total stores, and locations in almost every state, made the announcement on Thursday, Nov. 14. The affected outlets will close by May 2025 and are made up of 523 corporate stores, and 204 independently owned locations. In addition, four distribution centers will also close. Specific locations to be closed have not yet been announced. In announcing the move, President and Chief Executive Officer Shane O’Kelly said…

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by Joe Lombardi
Business
Walgreens To Close 1,200 Stores Walgreens To Close 1,200 Stores
Walgreens To Close 1,200 Stores Walgreens plans to close about 1,200 stores over three years amid a decline in prescription drug payments and a rise in online competition. About 500 closures will come in 2025, the company announced in a statement released Tuesday morning, Oct. 15. Specific sites for store closures were not announced. Walgreens said its operating loss in fiscal 2024 was $14.1 billion, an increase of 104.5 percent compared to the year-ago period. Retail sales decreased 3.5 percent compared with the year-ago quarter, "reflecting a challenging retail environment and continued channel shift," Walgreens s…

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by Joe Lombardi
Business
7-Eleven To Close Hundreds Of Stores 7-Eleven To Close Hundreds Of Stores
7-Eleven To Close Hundreds Of Stores Convenience store chain 7-Eleven is closing hundreds of stores in North America. Parent company Seven & I Holdings said that the 444 locations were “underperforming.” They make up about 3 percent of 7-Eleven's total of around 13,000 outlets in the US, Canada, and Mexico. Specific sites of the stores have not yet been released. In announcing the closures, the company said that 7-Eleven stores saw a 7.3 percent decline in traffic in August, saying a "pullback in consumer spending has persisted beyond prior expectations" that has affected store traffic and sales growth "as consu…

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by Joe Lombardi
Business
New Jersey's Last-Standing Sears Store Says It's Closing New Jersey's Last-Standing Sears Store Says It's Closing
New Jersey's Last-Standing Sears Store Says It's Closing And then there were none. New Jersey's last-standing Sears store, located in Jersey City, appears to be closing. The store at Newport Centre announced a store closing sale on Friday evening, Jan. 5 on Facebook. A voice answering service said the store was closed when Daily Voice called Friday at 7 p.m. Daily Voice has reached out to the Simon Property Group, who owns Newport Centre, and Sears corporate for comment. Sears Holdings filed for bankruptcy in 2018. The Jersey City store became the final Sears in New Jersey in 2020 after the store in Hackensack — a local landmark — shutter…

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by Cecilia Levine
Business
Stop & Shop To Shutter Another NJ Store Stop & Shop To Shutter Another NJ Store
Stop & Shop To Shutter Another NJ Store Stop & Shop has announced the closure of its third New Jersey store this year. The Highland Park grocery store is slated to close sometime in 2023. A Stop & Shop spokesperson cited operating performance as the reason for not renewing the lease at 424 Raritan Ave. Stop & Shop closed stores in Paramus and Dayton earlier this year.

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by Cecilia Levine
News
Target To Replace These Shuttered NJ Kmarts Target To Replace These Shuttered NJ Kmarts
Target To Replace These Shuttered NJ Kmarts Another Kmart store has closed its doors leaving just two left in all of New Jersey. The Kearny store on Passaic Avenue closed on May 2, NJ Advance Media reports. The storefront will be replaced by a Target store, according to Target's list of upcoming locations.  Target will also be replacing the Kmart that closed in Wall on Route 35, and the one in Somers Point on 250 New Road. Only two Kmart stores remain in New Jersey: One in Avenel and the other in Westwood.

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by Cecilia Levine
Business
Warren County Family Dollar Slated To Close Warren County Family Dollar Slated To Close
Warren County Family Dollar Slated To Close One of the two Family Dollar stores in Warren County will soon close its doors for good, officials said. The store on Route 31 in Washington has begun clearance sales in anticipation of the closure, which will occur “within the next few weeks,” a company representative said. “We do close stores occasionally for a variety of reasons, including sale of the property, end of a lease term, etc.,” the representative told Daily Voice in an email. The Belvidere location, meanwhile, remains unaffected, officials said. Click here to view a list of the more than 70 Family Dollar stores in the Garden…

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by Valerie Musson
Business
Kings Food Market May Close Several New Jersey Stores Kings Food Market May Close Several New Jersey Stores
Kings Food Market May Close Several New Jersey Stores Several New Jersey Kings Food Market stores could be closing in January 2021. WARN notices were issued to 439 employees at seven locations, according to the state's Department of Labor and Workforce website. The following stores appear to be closing come Jan. 12, 2021: Bernardsville Gillette Hoboken's River Street store Maplewood Parsippany (Corporate Headquarters) Ridgewood Warren A Kings spokesperson told TapInto that Acme was in the process of purchasing 19 locations, while the grocer had plans to sell other locations to different entities. "They could close," she said, "but everybody…

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by Cecilia Levine
Business
'We Are Heartbroken': Beloved Route 46 Butcher Shop Schwind's Shutters 'We Are Heartbroken': Beloved Route 46 Butcher Shop Schwind's Shutters
'We Are Heartbroken': Beloved Route 46 Butcher Shop Schwind's Shutters A Route 46 butcher and specialty meat store that opened in 1935 has closed for good. Schwind's Marketplace and Smokehouse BBQ in Rockaway shuttered Sept. 5, the store announced in a Facebook post. Schwind's first opened in 1935 and quickly developed a reputation as an area staple, selling ribs, barbecue and other meats by the pound. Others knew Schwind’s as a generous business that often gave back to the Rockaway community — its furry friends included. The news was received with a heavy heart from many of the store’s longtime customers. “We are all heartbroken but me especially,” one cu…

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by Valerie Musson
Business
Lord & Taylor Closing All U.S. Stores Including 9 In NJ Lord & Taylor Closing All U.S. Stores Including 9 In NJ
Lord & Taylor Closing All U.S. Stores Including 9 In NJ Lord & Taylor is going out of business. The company initially said it would be closing 19 stores after filing for Chapter 11 bankruptcy earlier this month. On Thursday, Lord & Taylor said it will instead be closing all of its stores, including the nine in New Jersey, after 194 years in business. "While we are still entertaining various opportunities, we believe it is prudent to simultaneously put the remainder of the stores into liquidation to maximize value of inventory for the estate while pursuing options for the company's brands," said Ed Kremer, Lord & Taylor's chief restr…

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by Cecilia Levine
Business
Roxbury Barnes & Noble Bookstore Closes After 26 Years, Nixes Ledgewood Commons' Reopening Plan Roxbury Barnes & Noble Bookstore Closes After 26 Years, Nixes Ledgewood Commons' Reopening Plan
Roxbury Barnes & Noble Bookstore Closes After 26 Years, Nixes Ledgewood Commons' Reopening Plan Barnes & Noble in Roxbury has closed its doors after nearly three decades -- and will not reopen at The Shops at Ledgewood Commons after all. “We have truly enjoyed serving our Ledgewood customers from this location for the past 26 years and appreciate your loyalty and support,” read a sign posted on the store’s door Tuesday. The abrupt closure interrupts the town-approved decision to demolish the current location and relocate the bookstore to a different section of the mall. "Yes, we can confirm that they pulled out," said Dan Ivers, a spokesman for The Shops at Ledgewood Commons' dev…

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by Valerie Musson