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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