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Business Closure

Business
NJ-Based Party City Going Out Of Business, Closing All 800 Stores, Including 25 In Garden State NJ-Based Party City Going Out Of Business, Closing All 800 Stores, Including 25 In Garden State
Nj-based Party City Going Out Of Business, Closing All 800 Stores, Including 25 In Garden State The party is over for a popular chain store that's been in business for decades. Party City is “winding down” operations immediately at its approximately 800 locations, CEO Barry Litwin told corporate employees  in a video call on Friday, Dec. 20, CNN reports. Workers were told they will not receive severance pay, and that their benefits would end as the company goes out of business, CNN says. The company, headquartered in in Woodcliff Lake, New Jersey, is running low on cash and unable to pay rent in some locations, according to an earlier Bloomberg report. Party City was foun…

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by Joe Lombardi
Business
TGI Friday's Suddenly Closes At Least 12 Restaurants TGI Friday's Suddenly Closes At Least 12 Restaurants
TGI Friday's Suddenly Closes At Least 12 Restaurants Casual dining chain TGI Fridays has closed at least a dozen of its restaurants in the last few weeks. Click here for a new, updated story: TGI Friday's Files For Bankruptcy Weeks After Sudden Closures Of At Least 12 Restaurants According to the company's website and other reports, the following locations are now listed as permanently closed: New York Middletown, 23 Crystal Run Crossing Poughkeepsie, 2594 South Road (Route 9) Clifton Park, 1 Southside Drive  Connecticut Enfield, Freshwater-Stateline Plaza, 130 Elm Street Pennsylvania Allentown,  395 S Ceda…

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by Joe Lombardi
Sports
Historic Freehold Raceway To Permanently Close At End Of 2024 Historic Freehold Raceway To Permanently Close At End Of 2024
Historic Freehold Raceway To Permanently Close At End Of 2024 Freehold Raceway, the oldest racetrack in the U.S., will close after two centuries of competitions and Monmouth County history, officials said. Freehold Raceway will hold its final live races and simulcast operations on Saturday, Dec. 28, the half-mile track said in a news release. Harness racing has been held since the 1830s at the Park Avenue facility in the borough. Employees and affected stakeholders were notified of the closing on Thursday, Sept. 19. "This was an extremely difficult decision, especially given the historical importance of Freehold Raceway to the local community an…

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by Chris Spiker
News
These NJ Stop & Shop Stores Are Among 32 Underperforming Locations Slated For Closure These NJ Stop & Shop Stores Are Among 32 Underperforming Locations Slated For Closure
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…

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by Cecilia Levine
Business
Guerriero Gelato Shutters Flagship North Jersey Location Guerriero Gelato Shutters Flagship North Jersey Location
Guerriero Gelato Shutters Flagship North Jersey Location Guerriero Gelato is continuing to downsize. A month after announcing the closure of its location in Morristown, the gelateria announced it will be closing its Montclair location in October after 10 years. "This is very emotional for us," the company wrote on social media. "This was the first shop we built out ourselves. We made friendships that will last a lifetime." The eatery said while the Montclair store remains popular, they cannot keep up with rising taxes, rent, cost of living, labor and food.  "We hope that we can all make progress against the ridiculous cost of living a…

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by Sam Barron
Business
Guerriero Gelato Shutters Morristown Location Guerriero Gelato Shutters Morristown Location
Guerriero Gelato Shutters Morristown Location Guerriero Gelato, the popular New Jersey gelato and cakes spot, is bidding ciao to Morristown. The Morristown location, which opened just last year on South Street, has shut its doors and is getting new ownership, the store announced on social media.  "Morristown, we had fun, we shared laughs, and memories," the store wrote on Instagram. "It was a disservice to you spreading ourselves so thin and we know the new owner has the time to manage and make sure you have the experience you deserve. Morristown you will always have our 💜." Customers expressed their sadness about the closure in …

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by Sam Barron