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Business
Pier 1 Will Close Nearly Half Its Stores Amid Bankruptcy Speculation Pier 1 Will Close Nearly Half Its Stores Amid Bankruptcy Speculation
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.

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by Joe Lombardi
Business
Turco's Sells Yorktown Grocery Store To Uncle Giuseppe's Marketplace Turco's Sells Yorktown Grocery Store To Uncle Giuseppe's Marketplace
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…

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by Joe Lombardi
Business
Nearly 200 Employees To Be Reassigned After Three Long Island King Kullen Stores Close Nearly 200 Employees To Be Reassigned After Three Long Island King Kullen Stores Close
Nearly 200 Employees To Be Reassigned After Three Long Island King Kullen Stores Close Almost 200 employees will be reassigned to new jobs with the closing of three King Kullen stores on Long Island. As Stop & Shop continues its takeover of King Kullen on Long Island, two more stores are set to be shuttered due to “underperformance.” King Kullen closed its Mount Sinai store on Thursday, June 20. Employees were reassigned to other King Kullen stores. Additionally, King Kullen will close its Lake Ronkonkoma store on Thursday, Aug. 22 followed by North Babylon on Thursday, Sept. 26, according to Lloyd Singer, a spokesman for King Kullen. Earlier report: King Kullen Plans T…

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by Donna Christopher
Business
Luxury Retailer Barneys Closing 15 Stores, Files For Bankruptcy Luxury Retailer Barneys Closing 15 Stores, Files For Bankruptcy
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 …

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by Zak Failla
Business
Lowe's To Lay Off Thousands Of Employees, Outsource Some Positions To Third Parties Lowe's To Lay Off Thousands Of Employees, Outsource Some Positions To Third Parties
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…

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by Zak Failla
Lifestyle
'We Are All Sad And In Shock': With 17 Stores On Long Island, DressBarn Closure Hits Hard Here 'We Are All Sad And In Shock': With 17 Stores On Long Island, DressBarn Closure Hits Hard Here
'We Are All Sad And In Shock': With 17 Stores On Long Island, DressBarn Closure Hits Hard Here Reaction to news of DressBarn going out of business from readers was mostly sad.  Some remembered their mothers shopping at one of the 650 DressBarn stores affected. The news hit Long Islanders especially hard. DressBarn has 17 stores on the Island. Comments Tuesday, May 21 to the Daily Voice article posted on the Suffolk County Daily Voice Facebook Page included: "I think we are all sad and in shock! Very sad," said Suzann Bouchard Doczy. Theena Good Spencer said, "My favorite store to shop at. Breaks my heart all these women are going to lose their jobs. Don’t know where …

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by Donna Christopher
Business
'Sneaky' Surcharges Reported After Court Gives NY Merchants Right To Charge For Credit Card Use 'Sneaky' Surcharges Reported After Court Gives NY Merchants Right To Charge For Credit Card Use
'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 …

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by Joe Lombardi