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Mall Brand Merger: JCPenney Unites With Forever 21, Aeropostale, Brooks Brothers Operator
JCPenney is merging with a company that owns several other retailers that have also struggled as malls have declined in popularity across the U.S.
The 123-year-old department store chain and SPARC Group have combined to form Catalyst Brands, the new company said in a news release on Wednesday, Jan. 8. SPARC Group is the operator of stores including Aéropostale, Brooks Brothers, Eddie Bauer, Forever 21, Lucky Brand, and Nautica.
Former JCPenney CEO Marc Rosen will become the CEO of Catalyst Brands, which boasts more than $9 billion of revenue and about 60,000 employees at …
Party City Going Out Of Business, Closing All 800 Stores
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…
Luxury French Department Store Set To Open First US Location in NY
A touch of Parisian luxury will soon be arriving in America.
Printemps, the iconic French department store, is prepares to open its first US location in the spring of 2025.
The new store, which will be located in Manhattan, will occupy 55,000 square feet within the historic One Wall Street building in the Financial District, blending classic architecture with modern elegance.
Founded in 1865, Printemps is celebrated for its high-end fashion, beauty, and lifestyle offerings.
The Manhattan location aims to capture the spirit of its flagship Paris store, showcasing a carefully cu…
Shake Shack Offers Free Burgers With Purchase During Holiday Promotion
Shake Shack is launching a limited-time promotion offering free burgers with a qualifying purchase during the holiday season.
The “Holiday Burger Blitz” will run from Monday, Dec. 16, to Tuesday, Dec. 24, providing customers with a free burger each day when they spend a minimum of $10 and use the code BURGERBLITZ at checkout.
The promotion features a different burger each day, including popular items like the ShackBurger, SmokeShack, and Avocado Bacon Burger. The schedule for the free offerings is as follows:
Monday, Dec. 16: ShackBurger
Tuesday, Dec. 17: SmokeShack
Wednesday, Dec. …
Bernie Marcus, Billionaire Co-Founder Of The Home Depot From NJ, Dead At 95
Bernie Marcus, who helped found The Home Depot and grew up in Newark, died on Monday, Nov. 4 at the age of 95, the hardware chain announced.
Born to Russian Jewish immigrants, Marcus dreamed of being a doctor while growing up in Newark, according to an obituary posted by The Home Depot. His family couldn't afford medical school, so he attended Rutgers University and received a degree in pharmacy, his obituary reads.
Marcus worked for several companies before he became chairman of the board and president of Handy Dan Improvement Centers, according to his obituary. After getting fired from Ha…
These 10 NJ Stop & Shop Stores Have Closed
New Jersey officially has 10 fewer Stop & Shop stores.
The 10 underperforming locations closed were among 32 nationwide that the grocer announced would be closing by year's end.
Stop & Shop has kept 350 stores open, including 47 in New Jersey.
The stores that closed on or before Nov. 2 were:
1083 Inman Ave., Edison
1049 US Highway 1 South, Edison
4861 US Highway 9, Howell
1278 US Highway 22, Phillipsburg
581 Stelton Rd., Piscataway
625 Paterson Ave., Carlstadt
1221 State Route 27, Franklin Township
130 Skyline Dr., Ringwood
505 Richmond Ave, Point Pleasant Beach
2275 West County …
Woman Charged With Selling $18M In Bogus Coupons Downloaded In NJ: Feds
A San Antonio, TX, woman was arrested and charged with selling more than $18 million worth of counterfeit coupons used at various retail stores across the United States — including New Jersey — for the purchase of household items, federal officials said.
From June 2020 through June 2024, Janet Bernal — who goes by the names Rocky, Rocky G, Rocky Gee, and RockyG-Kruella — orchestrated a scheme to produce and sell fraudulent, counterfeit coupons for use by purchasers at retail stores throughout the United States, including large pharmacies and grocery stores, U.S. Attorney Philip R. …
Smile, You're On Body Camera: TJ Maxx To Equip Employees To Fight Shoplifting
To fight the recent rise in shoplifting and retail theft, shoppers could see store security employees wearing body-worn cameras to help catch thieves red-handed.
TJX, the parent company of TJ Maxx, Marshalls, Serria, HomeSense, and HomeGoods, said will begin equipping some employees with body-worn cameras similar to those worn by police, the Boston Globe reported. The company started testing the initiative last year.
The company operates nearly 3,400 stores nationwide.
A call to the Framingham, Massachusetts, headquarters of TJX for comment was not immediately r…
Ocean State Job Lot Opens 6th NJ Store At Vacant Toys 'R Us Lot
Ocean State Job Lot, a chain of discount stores, bought the former Toys ‘R Us location in Monmouth County, officials said.
Job Lot plans to open its sixth New Jersey store on property across from Freehold Raceway Mall in the fall, OSJL officials said Thursday.
The retailer, headquartered in Rhode Island, operates 146 discount stores across the Northeast including NJ, Pennsylvania, New York, Connecticut, Massachusetts and four other New England states.
Ocean State Job Lot recently purchased the vacant Toys ‘R Us store at 600 Trotters Way in Freehold from TRU 2005 RE I, LLC c…
