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Big Lots Expands Store Closures Amid Bankruptcy Filing: Here's Rundown Of NY Closures Big Lots Expands Store Closures Amid Bankruptcy Filing: Here's Rundown Of NY Closures
Big Lots Expands Store Closures Amid Bankruptcy Filing: Here's Rundown Of NY Closures Discount retail chain Big Lots has filed for bankruptcy as its list of planned store closures expands. It currently has around 1,425 stores nationwide. The company announced on Monday, Sept. 9 that it will sell its assets to an affiliate of private equity firm Nexus Capital Management. In announcing initial store closures late in late July, Big Lots said a bankruptcy filing could be coming. Stores in the Northeast now slated for closure are as follows: New York Delaware Avenue, Buffalo South Ogden Street, Buffalo Route 5 & 20, Canandaigua  Voice Road, Carle Place Centereach …

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by Joe Lombardi
Business
Big Lots To Close Hundreds More Stores, Including Several In Massachusetts Big Lots To Close Hundreds More Stores, Including Several In Massachusetts
Big Lots To Close Hundreds More Stores, Including Several In Massachusetts It's more bad news for discount retailer Big Lots. The nationwide chain announced in June that it would close 40 stores following dismal sales and rising costs, but in a new filing last week, the company said it may need to shutter nearly 300 locations — several of them in the Northeast.  Big Lots announced in a US Securities and Exchange Commission filing on Friday, Aug. 2, that under an updated term sheet, the company would need to close 20 percent of its 1,392 stores — about 290 in all.  Here are some of the local closures. Connecticut — Eight stores Manchester — 1…

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by Josh Lanier
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
Family Dollar, Dollar Tree To Close 1,000 Stores Family Dollar, Dollar Tree To Close 1,000 Stores
Family Dollar, Dollar Tree To Close 1,000 Stores Discount chain Family Dollar and parent company Dollar Tree will close a combined 1,000 stores. Family Dollar will shut down 600 stores in 2024 and 370 stores over the next several years as store leases expire.  Dollar Tree will close 30 locations as leases expire.  The company made the announcement Wednesday morning, March 13. Family Dollar has around 8,000 US locations and Dollar Tree has  The company said it initiated a review of its stores in the fourth quarter of 2023.  It involved "identifying stores for closure, relocation, or re-bannering based on an evaluati…

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by Joe Lombardi
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
ShopRite To Close 5 NY Locations: Here's Rundown ShopRite To Close 5 NY Locations: Here's Rundown
ShopRite To Close 5 NY Locations: Here's Rundown Supermarket chain ShopRite is closing five stores in New York. The closures, scheduled for early December, are all in the Capital Region, according to a report by Winsight Grocery Business: Albany, Colonie, Niskayuna, Slingerlands, and North Greenbush. The closures are due to underperforming sales, the report said. ShopRite, which launched in the mid-1940s, has stores in six states: New York, New Jersey, Connecticut, Delaware, Maryland, and Pennsylvania.  Earlier report - Rite Aid Announces 20 NY Stores Slated For Closure After Declaring Bankruptcy Click here to rea…

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by Joe Lombardi
Business
Christmas Tree Shops Now Plans To Close All Its Stores Christmas Tree Shops Now Plans To Close All Its Stores
Christmas Tree Shops Now Plans To Close All Its Stores Christmas Tree Shops plans on closing all of its remaining stores after earlier this year announcing the closure of nearly a dozen of its locations, according to a new report. The 53-year-old discount home-goods chain offers seasonal decor year-round, along with assorted gifts, kitchen items, and furniture. In May, the company announced it was closing 10 of its approximately 80 stores after filing for bankruptcy.  Now, the company has reached an agreement with its stakeholders to liquidate the remaining approximately 70 stores unless a buyer emerges, according to The Wall Street Journ…

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by Joe Lombardi
Business
New Bed Bath & Beyond Closures Include 5 Westchester Stores New Bed Bath & Beyond Closures Include 5 Westchester Stores
New Bed Bath & Beyond Closures Include 5 Westchester Stores Nearly two dozen New York locations are among a new round of scheduled closures announced by struggling home goods retailer Bed Bath & Beyond. Another 87 stores are due to close in 2023, the company announced this week, including 23 locations in New York. 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. “This store fleet reduction expands the compan…

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by Michael Mashburn
Business
New Bed Bath & Beyond Store Closures Include Westchester Location New Bed Bath & Beyond Store Closures Include Westchester Location
New Bed Bath & Beyond Store Closures Include Westchester Location Struggling home goods retailer Bed Bath & Beyond has announced 56 new store closures that it says will be implemented by the end of the calendar year. The closure list includes five locations in New York State: Nassau County: 251 Airport Plaza Blvd., Farmingdale  Orange County: Orange Plaza 470 Route 211 East, Wallkill Westchester County: 500 East Sandford Blvd., Mount Vernon Oneida County: 4805 Commercial Drive, New Hartford  Clinton County: 73 Centre Drive, Suite 100 Plattsburgh  The company is due to report its results for the second quarter later this …

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by Joe Lombardi
News
Bed Bath & Beyond Exec ID’d As Man Who Jumped To His Death From 18th Floor Of Manhattan Tower Bed Bath & Beyond Exec ID’d As Man Who Jumped To His Death From 18th Floor Of Manhattan Tower
Bed Bath & Beyond Exec ID’d As Man Who Jumped To His Death From 18th Floor Of Manhattan Tower Updated story: Bed Bath & Beyond Exec Faced $1.2B Insider Trading Lawsuit When He Jumped To His Death: Report An executive at Bed Bath & Beyond has been identified as the man who jumped 18 stories to his death at the so-called "Jenga" tower in New York City on Friday, Sept. 2, according to multiple reports. Gustavo Arnal, age 52, was the company's executive vice president and chief financial officer. 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, a…

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by Joe Lombardi