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Store Closings Surge To Highest Level Since Pandemic: Why 2025 Could Be Worse Store Closings Surge To Highest Level Since Pandemic: Why 2025 Could Be Worse
Store Closings Surge To Highest Level Since Pandemic: Why 2025 Could Be Worse Retail store closures surged in 2024, reaching their highest levels since the start of the pandemic, a new study said. A total of 7,325 U.S. stores closed in 2024, driven by inflation and an increasing shift toward online shopping, according to retail data firm Coresight Research. The closings marked the steepest decline in brick-and-mortar retail since nearly 10,000 stores closed in 2020. While 5,970 stores opened—the highest yearly number since 2012—closures outpaced openings by a net loss of 1,355 stores.  "Retailers that were unable to adapt supply chains and implement t…

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by Chris Spiker
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
Party City Celebrating Re-Opening In Morris County Party City Celebrating Re-Opening In Morris County
Party City Celebrating Re-Opening In Morris County Time to get the party started, Morris County. Party City announced it is celebrating the grand opening of its East Hanover store on Saturday, May 4. The grand opening celebrations, at 346 Route 10 W, will be held from 10 a.m. to 1 p.m. Demonstrations will include learning how to create a candy buffet and learning how to build a balloon column. Additional events include face painting, a coffee bar, product giveaways and a raffle. The store will offer 25% off single items for all customers, 10% balloon orders placed in-store on opening day and $25 gift cards for the first 25 customers. The E…

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by Sam Barron
News
UPDATE: Four Killed, Eight Hospitalized In Shuttle Van Crash On Palisades Interstate Parkway UPDATE: Four Killed, Eight Hospitalized In Shuttle Van Crash On Palisades Interstate Parkway
Update: Four Killed, Eight Hospitalized In Shuttle Van Crash On Palisades Interstate Parkway The driver of a transport van apparently suffered a medical episode before the vehicle crashed overnight near the George Washington Bridge, killing him and three workers being shuttled home from a factory in Orange County, NY, authorities said. Eight others were hospitalized following the crash on the southbound on the Palisades Interstate Parkway between Exits 1 and 2 in Englewood Cliffs shortly after 1:30 a.m. Friday, Sept. 2. George Massey, 54, of the Bronx was driving the Ford Econoline E350 passenger van, which landed on its side in a wooded area of the median, Palisades Interstate Par…

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by Jerry DeMarco
News
UPDATE: Deceased Driver, Passengers ID'd In Multi-Fatal Van Crash On Palisades Parkway UPDATE: Deceased Driver, Passengers ID'd In Multi-Fatal Van Crash On Palisades Parkway
Update: Deceased Driver, Passengers ID'd In Multi-Fatal Van Crash On Palisades Parkway UPDATE: The driver of a passenger van apparently suffered a medical episode before a crash overnight near the George Washington Bridge that killed him and three workers being shuttled home from a factory in Orange County, NY, authorities said. Eight others were hospitalized following the crash on the southbound on the Palisades Interstate Parkway between Exits 1 and 2 in Englewood Cliffs shortly after 1:30 a.m. Friday, Sept. 2. George Massey, 54, of the Bronx was driving the Ford Econoline E350 passenger van, which landed on its side in a wooded area of the median, Palisades Interstate Park…

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by Jerry DeMarco
News
UPDATE: Four Killed, Eight Hospitalized In Shuttle Van Crash On Palisades Interstate Parkway UPDATE: Four Killed, Eight Hospitalized In Shuttle Van Crash On Palisades Interstate Parkway
Update: Four Killed, Eight Hospitalized In Shuttle Van Crash On Palisades Interstate Parkway UPDATE: The driver of a passenger van apparently suffered a medical episode before a crash overnight near the George Washington Bridge that killed him and three workers being shuttled home from a factory in Orange County, NY, authorities said. Eight others were hospitalized following the crash on the southbound on the Palisades Interstate Parkway between Exits 1 and 2 in Englewood Cliffs shortly after 1:30 a.m. Friday, Sept. 2. George Massey, 54, of the Bronx was driving the Ford Econoline E350 passenger van, which landed on its side in a wooded area of the median, Palisades Interstate Park…

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by Jerry DeMarco