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Wednesday, sep 18
Business
Fairway Market Files For Bankruptcy, Plans To Sell Its Stores
Fairway Market has announced it is filing for Chapter 11 bankruptcy and will sell up to five of its stores to ShopRite before selling its remaining 13 locations. Fairway has markets in New York City, Long Island, Westchester and Fairfield counties. The five Fairway locations being sold to Village Super Market, Inc., the parent company of ShopRite, reportedly for $70 million, are all in New York City: Upper West Side store at 2131 Broadway Harlem store on 2328 12th Ave. (at 125th St.) Chelsea store at 766 6th Ave. Kips Bay store at 550 2nd Ave. Upper East Side store at 240 East 86th …
Business
Pier 1 Will Close Nearly Half Its Stores Amid Bankruptcy Speculation
Pier 1 Imports announced it will close up to 450 stores, nearly half of its 942 outlets. The news comes amid rumors unconfirmed that the retailer will soon file for bankruptcy and after another quarter of declining sales and losses. Pier 1 said sales decreased 11.4 percent compared to the third quarter of fiscal 2019. Pier 1, which did not reveal the timetable for store closures, said it plans to shut down some distribution centers and reduce its corporate headcount while also slashing expenses. To view the Pier 1 statement, click here.
Business
Turco's Sells Yorktown Grocery Store To Uncle Giuseppe's Marketplace
The popular grocery store in Northern Westchester is going to have a new name and new owner, Turco's is about to become Uncle Giuseppe's Marketplace, which operates six markets on Long Island and one in Bergen County. Preston Turco, who is retiring, has sold the store on Downing Drive in Yorktown Heights to the DelPrete family, which operates Uncle Giuseppe's. The new store will launch on Monday, Oct. 21. "As of Oct. 21, Turco's will become Uncle Giuseppe's Marketplace," Uncle Giuseppe's said in a statement. "The Uncle Giuseppe's family would like to congratulate Preston Turco on his reti…
Business
Kmart In Yorktown Heights Closing Its Doors
The Kmart in Yorktown Heights in the Yorktown Green Shopping Center is closing its doors in mid-December, according to store officials. "After careful review, we have made the difficult but necessary decision to close the Kmart store in Yorktown Heights," said company spokesman Larry Costello. "The liquidation sale is expected to begin in mid-September and the store is planned to close by mid-December. We encourage customers to continue shopping on Kmart.com for all their product needs." Although Costello did not say how many employees would lose their jobs, a WARN notice to the sta…
Business
Luxury Retailer Barneys Closing 15 Stores, Files For Bankruptcy
Barneys has gone bankrupt. The luxury retailer has officially filed for bankruptcy due to decreased sales, and will be closing down 15 stores as part of a reorganization effort. “For more than 90 years, Barneys New York has been an iconic luxury specialty retailer, renowned for its edit, strong point of view, creativity, and representation of the world's best designers and brands," Barneys CEO and President Daniella Vitale said. "Like many in our industry, Barneys New York's financial position has been dramatically impacted by the challenging retail environment and rent structures that are …
Business
Lowe's To Lay Off Thousands Of Employees, Outsource Some Positions To Third Parties
Thousands of Lowe’s employees will soon be out of a job as the home improvement retail giant reshuffles positions. Lowe’s announced that it is planning to outsource the jobs of maintenance and assembly workers to third-party companies, including workers that put together certain items such as grills and wheelbarrows. The news of layoffs was first reported by the Wall Street Journal. It is unclear exactly how many employees are being laid off, but it is expected to be in the thousands. The company currently employs approximately 300,000 people in 1,725 stores nationwide. The layoffs come a…
Business
Sears Announces This Westchester Store Will Be Latest To Close
This story has been updated. As Sears continues to struggle to survive in a market filled with instant deliveries and the internet, the company announced on Wednesday, June 5, that another of its Westchester stores will close its doors. “As we continue to evaluate our store network and invest in our best stores, the Sears store in Yonkers at Cross Country Shopping Center did not meet our go-forward criteria," a Sears company spokesperson told Daily Voice. The store will close in late July and the store liquidation sale will start around Thursday, June 6, the spokesperson said. "We invite …
Business
'Sneaky' Surcharges Reported After Court Gives NY Merchants Right To Charge For Credit Card Use
Merchants in New York State, after a years-long court battle, now have the right to charge extra for credit card purchases as long as customers are notified, but some are crying foul, saying businesses are not playing fair. But some people are saying they didn’t find out they were paying more for using their credit cards at all, or, in other cases, until after seeing a "Credit Card Process Fee" on their receipts. The fees generally are in the range of about two to four percent of the bill. Merchants called for the surcharges, saying they pay a processing fee of around two percent for …
Business
Wegmans Announces When Westchester Market Will Open, Starts Hiring 500 New Employees
It won't be long now. Wegmans is beginning the process of hiring and training new staff to fill its food market slated to open in Westchester next year. Site work for the Wegmans in Harrison is nearing completion, paving the way for contractors to begin construction at the site in advance of an official opening at a date to be announced in the spring of 2020. The chain is now seeking 220 full-time employees to staff the 121,000-square-foot grocery store. The store is looking for candidates to fill customer service and entry-level management positions, as well as culinary positions such as …
Business
Dollar Tree To Shut Down 390 Family Dollar Stores
Dollar Tree is closing at least 390 Family Dollar stores and will rebrand 200 others, the company announced in releasing its fiscal fourth-quarter earnings this week. Dollar Tree CEO Gary Philbin announced the plans on Wednesday, which will include renovating some locations to sell alcohol and $1 Dollar Tree merchandise sections. As many as 400 stores will get expanded refrigeration sections and some Family Dollar discount stores will be rebranded to the Dollar Tree brand. In total, the discount chain lost approximately $2.3 billion by the end of the fourth quarter. “We are further acceler…
Business
Big Retail, Food Chains Closing Shop In New York City In Record Numbers
Big business may be becoming a smaller thing in New York City as several large retailers and food chains continue a mass exodus. For the first time in more than a decade, nationally known chains are moving out of New York City, according to a brand-new report that was recently released. According to the study, nationally known retailers are moving out of the area in greater numbers than their coming in, marking the first time in 11 years. The Center for Urban Future determined that a record 124 retailers have reduced their store footprint over the past year, nearly double the 65 retailers t…
Business
Stop & Shop To Acquire Chain Credited With Nation’s First Supermarket
Stop & Shop plans to buy a chain known for its title of "America's First Supermarket." King Kullen, headquartered in Bethpage, has 32 markets on Long Island. Also part of the deal are five Wild by Nature natural/organic supermarkets. “King Kullen is a well-respected grocery chain in the Long Island market that has an 88-year tradition of excellent customer service,” Stop & Shop President Mark McGowan said in a statement. “We look forward to bringing our quality, selection and value to more communities in Nassau and Suffolk counties.” Stop & Shop, which expec…
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