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Store Closures

Business
Stop & Shop To Close Underperforming Stores In Northeast Stop & Shop To Close Underperforming Stores In Northeast
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…

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by Cecilia Levine
Business
Macy's To Close 150 Stores, Prioritize Luxury Brands Macy's To Close 150 Stores, Prioritize Luxury Brands
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…

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by Joe Lombardi
Business
Bed Bath & Beyond To Eliminate Nearly 1,300 Jobs At These NJ Locations Bed Bath & Beyond To Eliminate Nearly 1,300 Jobs At These NJ Locations
Bed Bath & Beyond To Eliminate Nearly 1,300 Jobs At These NJ Locations Nearly 1,300 Bed Bath & Beyond workers are about to lose their jobs in New Jersey, according to a WARN notice filed by the company. The WARN notice was filed with the New Jersey Department of Labor and Workforce Development, saying hundreds of jobs are going to be eliminated across the state. Jobs will be eliminated from the following locations: Port Reading (e-commerce fulfillment center), 572 jobs, March 28 Secaucus (warehouse), 84, April 5 Union (headquarters), 377, April 9 Totowa (Harmon), 262, April 1 Earlier this year, Bed Bath & Beyond announced it would be closin…

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by Cecilia Levine
Business
Bed Bath & Beyond Closures Include 36 NJ Locations Bed Bath & Beyond Closures Include 36 NJ Locations
Bed Bath & Beyond Closures Include 36 NJ Locations Three dozen Bed Bath & Beyond stores in New Jersey are among 87 locations scheduled to close in 2023, the struggling retailer announced. That brings the total number of Bed Bath & Beyond locations scheduled to close to at least 162 announced since September 2022. A spokesperson told Axios that the latest round of closures will include all of the company's Harmon beauty shops, as well as five Buy Buy Baby locations. The following locations in New Jersey are set to close in 2023: Bridgewater, 155 Promenade Blvd. Mays Landing,190 Hamilton Commons Mays Landing Mount Laurel, 8 Centert…

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by Cecilia Levine
Business
Bed Bath & Beyond To Shutter These 3 NJ Locations Bed Bath & Beyond To Shutter These 3 NJ Locations
Bed Bath & Beyond To Shutter These 3 NJ Locations Three New Jersey Bed Bath & Beyond stores will shutter by the end of the year, the company announced this week. The company announced earlier this year it planned on closing 150 stores, and on Thursday, Sept. 15, released a list of 56 that will close by the end of 2022. Those stores are: Flanders, 30 International Dr. Manalapan, 13 Route 9 S. Paramus, 34 E Ridgewood Ave. Bed Bath & Beyond has 28 stores in New Jersey, and headquarters in Union. The company did not give exact closing dates.

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by Cecilia Levine
News
Bed Bath & Beyond Exec Leaps To His Death From NYC's Jenga Tower Bed Bath & Beyond Exec Leaps To His Death From NYC's Jenga Tower
Bed Bath & Beyond Exec Leaps To His Death From NYC's Jenga Tower A Bed Bath & Beyond executive leapt 18 stories to his death from New York City's "Jenga" tower Friday, Sept. 2, multiple reports say. Gustavo Arnal, 52, was the executive vice president and chief financial officer at the Union, NJ-based company. Calls reporting a jumper came around 12:30 p.m. from the 60-story building's location in lower Manhattan's Tribeca neighborhood at 56 Leonard Street near Church Street, according to the Daily Mail. Messages left with Bed Bath & Bed and Arnal’s family on Saturday, Sept. 3 were not immediately returned, the New York Post said. Shares in…

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by Joe Lombardi
Real Estate
CVS Shutters Central Jersey Store Amid Plan To Close Hundreds CVS Shutters Central Jersey Store Amid Plan To Close Hundreds
CVS Shutters Central Jersey Store Amid Plan To Close Hundreds CVS Health has closed one of its New Jersey stores as part of a broader plan to shutter 900 stores by 2024. The company’s only store in Metuchen, located at 45 Pearl St. closed on Dec. 28, according to several reports. “All prescriptions will be seamlessly transferred to the nearby CVS Pharmacy at 913 Oak Tree Ave. in South Plainfield, which is less than 4 miles away, ensuring that pharmacy customers continue to have uninterrupted access to service," the company said in a statement. CVS Health will be closing 900 stores across the US in the next three years, the company announced in Novemb…

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by Jon Craig
Real Estate
NJ Bed Bath & Beyond Store Among Dozens Closing NJ Bed Bath & Beyond Store Among Dozens Closing
NJ Bed Bath & Beyond Store Among Dozens Closing Nearly 40 more Bed Bath & Beyond stores will be closing in February, according to a new report from USA Today. Among them, one in New Jersey. Liquidation sales are underway at the 37 stores, including the one on River Road in Edgewater, the outlet says. Last June, the company announced it would be closing 200 stores over the next two years. Locations in Jersey City, Howell, and Rockaway were some of the first to go. Click here for more from USA Today.

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by Cecilia Levine
News
CVS To Close 900 Stores CVS To Close 900 Stores
CVS To Close 900 Stores CVS Health will be closing 900 stores across the US in the next three years, the company announced Thursday. "The company has been evaluating changes in population, consumer buying patterns and future health needs to ensure it has the right kinds of stores in the right locations for consumers and for the business," according to the news release.  "As part of this initiative, CVS Health will reduce store density in certain locations and close approximately 300 stores a year for the next three years." Approximately 300 stores will close each year for the next three years, said the drug …

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by Cecilia Levine
Business
NJ Target Store Weeks Away From Opening NJ Target Store Weeks Away From Opening
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. 

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by Jon Craig
Business
Another NJ Bed Bath & Beyond Store Closing, Report Says Another NJ Bed Bath & Beyond Store Closing, Report Says
Another NJ Bed Bath & Beyond Store Closing, Report Says Another Bed Bath & Beyond store is expected to close permanently this fall, part of a nationwide closure plan affecting about 200 locations. The major retailer’s store at 400 Marin Blvd. in Jersey City is set to close in November, a store employee told NJ Advance Media. In July 2020, Bed Bath & Beyond officials announced that 200 of its namesake stores would be shut down over a two-year period -- accounting for about one-fifth of all its BB & B stores nationwide. The big-box chain cited a steep drop in sales due to the coronavirus pandemic at the time.  Two other Bed Bath …

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by Jon Craig
Business
4 NJ Disney Stores Among Nearly 60 Closing Across America 4 NJ Disney Stores Among Nearly 60 Closing Across America
4 NJ Disney Stores Among Nearly 60 Closing Across America So long, farewell... Disney is closing nearly 60 of its brick and mortar stores across the US come Sept. 15. DisneyDisney Among them, four in New Jersey. According to the Disney Store website, the following stores are closing in the Garden State: Deptford: Deptford Mall, 1750 Deptford Center Road Edison: Menlo Park Mall, 55 Parsonage Road Jackson: Jackson Premium Outlets, 537 Monmouth Road Paramus: Garden State Plaza, 1 Garden State Plaza Blvd. After the next round of closings, only 25 stores will remain in operation. Disney last March announced at least 60 of its North America stor…

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by Cecilia Levine
Business
Report: GNC Closes Additional 40 New Jersey Stores Report: GNC Closes Additional 40 New Jersey Stores
Report: GNC Closes Additional 40 New Jersey Stores After filing for Chapter 11 bankruptcy in June, GNC has announced closures of an additional 40 stores. The nutritional supplement company had originally planned on closing just 10 stores. According to NJ.com, the following 50 stores have either closed, or will soon: Blackwood, Gloucester Premium Outlets Bridgewater, Bridgewater Commons Cinnaminson, The Shoppes At Cinnaminson Closter, Heidenberg Plaza Delran, Hartford Corners Denville, The Shoppes At Union Hill Denville,  Diamond Spring Road Deptford, Deptford Mall East Hanover, Hanover Commons East Rutherford, American Dream Mall E…

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by Cecilia Levine
Business
Bed Bath & Beyond Cutting Nearly 3,000 Jobs Starting Immediately Bed Bath & Beyond Cutting Nearly 3,000 Jobs Starting Immediately
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…

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by Joe Lombardi
Business
Ulta Beauty To Close 19 Stores Ulta Beauty To Close 19 Stores
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…

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by Kristin Palpini
Business
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…

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by Jon Craig
Business
2 Central Jersey Modell's Stores Closing 2 Central Jersey Modell's Stores Closing
2 Central Jersey Modell's Stores Closing National retail chain Modell’s Sporting Goods is closing two stores in Central Jersey, company officials said. CEO Mitchell Modell announced last week 24 locations would close nationwide in an attempt to preserve the whole company and save the jobs of 4,300 families. The Central Jersey stores closing are located on Route 9 in Englishtown and Green Street in Woodbridge.  A third store in Camden County will also be closing, officials said. Official closing dates have not been announced. There are currently more than 30 Modell’s stores in New Jersey, according to the company’s website,…

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by Jon Craig