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Business
Best Buy To Cut 5,000 Jobs, Close Stores As Customers Shift To Online Purchases Best Buy To Cut 5,000 Jobs, Close Stores As Customers Shift To Online Purchases
Best Buy To Cut 5,000 Jobs, Close Stores As Customers Shift To Online Purchases Best Buy is laying off thousands of workers as the retail giant plans to close some brick-and-mortar stores as the company transitions to focus on its e-commerce business. This week, Best Buy announced that it is laying off 5,000 employees this month with plans to close more stores this year after consumers concentrated on online shopping during the COVID-19 pandemic. According to the company, approximately 40 percent of its sales in the past year came from online purchases, up from 19 percent two years ago, forcing the retailer to transition its business model. While Best Buy laid off 5,0…

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by Zak Failla
Business
New Closure Announced For Macy's Store In Westchester New Closure Announced For Macy's Store In Westchester
New Closure Announced For Macy's Store In Westchester A Macy's store in Westchester County will be closing its door as part of the company's restructuring strategy. On Wednesday, Jan. 6, the company announced it will close the Macy's location at the Galleria mall in White Plans, said Carolyn Ng Cohen, director of medial relations. The closure is part of the company’s strategy announced in early 2020, she added.  Macy's has shared the closure information with store employees and will work to help find them jobs at nearby Macy's store.  "Regular, non-seasonal colleagues who we are unable to place at nearby Macy’s store will be eligible fo…

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by Kathy Reakes
Business
Popular Family-Owned Market Opening New Store In Westchester Popular Family-Owned Market Opening New Store In Westchester
Popular Family-Owned Market Opening New Store In Westchester Though countless businesses have endured tough times during the COVID-19 outbreak, DeCicco & Sons has found itself busy preparing to open its latest Westchester location. DeCicco & Sons will open its much-anticipated Eastchester location - its ninth in Westchester - on Friday, Oct. 9. The 30,000-square-foot grocery store will replace the Acme Supermarket at 777 White Plains Road which closed last fall. In a statement, John DeCicco Jr., the CEO of DeCicco & Sons, said that, “we believe that our focus on quality and exceptional service will resonate strongly with the Eastchester…

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by Zak Failla
Business
Lord & Taylor Closing All Its Stores After Nearly 200 Years In Business Lord & Taylor Closing All Its Stores After Nearly 200 Years In Business
Lord & Taylor Closing All Its Stores After Nearly 200 Years In Business Lord & Taylor, the first department store to be established in the United States, is going out of business, closing all its stores after a 194-year run. Reversing a decision announced last week to keep 14 stores open, the company announced on Thursday, Aug. 27 that all of its 38 remaining stores and website have begun liquidation sales.  Parent company Le Tote had filed for bankruptcy Sunday, Aug. 2. "While we are still entertaining various opportunities, we believe it is prudent to simultaneously put the remainder of the stores into liquidation to maximize value of inv…

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by Joe Lombardi
Business
Amazon To Open Operations Facility In Hudson Valley, Creating Hundreds Of Jobs Amazon To Open Operations Facility In Hudson Valley, Creating Hundreds Of Jobs
Amazon To Open Operations Facility In Hudson Valley, Creating Hundreds Of Jobs Hundreds of jobs are coming to the Hudson Valley as Amazon prepares for its latest venture in New York. This week, Amazon announced that it plans to launch a state-of-the-art operations facility in Orange County in Montgomery in time for the 2021 holiday season, generating more than 800 full-time jobs. The fulfillment center, which will span more than 1,000,000-square-feet near the intersection of Route 17K and Route 747 has been in the works for more than a year. The $75.2 million project had to be approved by the Town Board, Zoning Board of Appeals and Planning Board, the town’s Industr…

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by Zak Failla
News
COVID-19: Retailer Closing Hudson Valley Location COVID-19: Retailer Closing Hudson Valley Location
Covid-19: Retailer Closing Hudson Valley Location A popular retailer has filed for bankruptcy and plans to permanently close nearly half its stores, including one in the Hudson Valley, after temporary store closures amid the novel coronavirus (COVID-19) pandemic. Kitchen goods retailer Sur La Table made the Chapter 11 filing late this week, saying 51 of 121 stores will close. The Seattle-based company, founded in 1972, brands itself as "the leading retail destination for those passionate about cooking and entertaining." The company announced it would sell its remaining stores and brand names to Fortress Investment Group.  …

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by Joe Lombardi
Business
COVID-19: GNC Files For Bankruptcy, Will Close About 1,200 Stores COVID-19: GNC Files For Bankruptcy, Will Close About 1,200 Stores
Covid-19: GNC Files For Bankruptcy, Will Close About 1,200 Stores General Nutrition Centers (GNC) plans to close upwards of 1,200 stores after filing for bankruptcy amid the novel coronavirus (COVID-19) crisis. The 85-year-old company, which reportedly has been dealing with nearly a billion dollars of debt announced it will be shuttering at least a quarter of its locations as it faces a shortage of customers due to the COVID-19 outbreak. According to GNC, the company “has been executing a store portfolio optimization strategy to close underperforming stores, while continuing to invest in omnichannel and brand strategies to better meet consumer demand." G…

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by Zak Failla
News
COVID-19: New York City Cleared To Start Phase 2 Of Reopening COVID-19: New York City Cleared To Start Phase 2 Of Reopening
Covid-19: New York City Cleared To Start Phase 2 Of Reopening New York City has been cleared to start Phase 2 of the state's four-phase process of reopening its economy. Phase 2 includes office-based jobs, real estate, barbershops, salons, outdoor dining, and expanded retail services. Gov. Andrew Cuomo announced on Friday, June 19 that New York City had been given clearance by global public health experts to enter Phase Two on Monday, June 21. Office-based jobs include: Professional services; Administrative support; Information technology. Retail: In-store shopping; Rental, repair, and cleaning; Limited service barbershop and hair salons; O…

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by Joe Lombardi
Business
COVID-19: Apple Begins Reopening Stores COVID-19: Apple Begins Reopening Stores
Covid-19: Apple Begins Reopening Stores Apple has started the slow process of reopening stores as economies have restarted throughout the nation amid the novel coronavirus (COVID-19) pandemic. Apple announced it will be opening at least 10 retail locations in New York City, while dozens will be opened in Connecticut, which has entered its second phase of reopening as of Wednesday, June 17. Hours at newly reopening Apple stores are expected to be adjusted due to the COVID-19 crisis, as will shifts by employees, and some orders will now have to be picked up by appointment only. “We are open again,” the company said in a message p…

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by Zak Failla
Business
JCPenney Announces 154 Stores Set To Close Through Summer JCPenney Announces 154 Stores Set To Close Through Summer
JCPenney Announces 154 Stores Set To Close Through Summer JCPenney has released a list of 154 stores nationwide that will close through the summer. The closures, beginning on Friday, June 12, include New York and Connecticut. Seven closures are scheduled in New York (all upstate) and one in Connecticut (at the Torrington Commons in Torrington). To view the complete list, click here. More closures will be announced in the coming weeks, JCPenney said. The company filed for bankruptcy on Friday, May 15 in the largest retail casualty of the novel coronavirus (COVID-19) pandemic. Founded in 1902, JCPenny has about 800 stores in the United…

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by Joe Lombardi
Politics
COVID-19: Regions Getting Antsy As Cuomo Delays Planned Phase 2 Start COVID-19: Regions Getting Antsy As Cuomo Delays Planned Phase 2 Start
Covid-19: Regions Getting Antsy As Cuomo Delays Planned Phase 2 Start Click here for an updated story - COVID-19: Five NY Regions Cleared To Move To Phase 2 Reopenings, Including Barbershops, Salons Some regions in New York are growing frustrated after the state delayed the planned beginning of Phase 2 of reopening economies as the recovery from novel coronavirus (COVID-19) continues. Those upstate areas that met the state’s mandated requirements to reopen believed that Friday, May 29 would begin Phase 2. However, Gov. Andrew Cuomo has called for a delay. Cuomo had said that the state would review the numbers two weeks after some regions reopened…

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by Zak Failla
News
COVID-19: Westchester, Rockland County Execs Share Thoughts On Day 1 Of Reopening COVID-19: Westchester, Rockland County Execs Share Thoughts On Day 1 Of Reopening
Covid-19: Westchester, Rockland County Execs Share Thoughts On Day 1 Of Reopening The county executives from Westchester and Rockland convened to discuss Day 1 of Phase 1 of the reopening of the Hudson Valley region amid the novel coronavirus (COVID-19) crisis. The region - which includes Dutchess, Orange, Putnam, Rockland, Sullivan, Ulster, and Westchester counties. - met the required metrics set forth by the state to begin reopening after nine weeks of shutting down due to the COVID-19 virus. On Tuesday, May 26, the day the region was given the green light to kickstart some non-essential businesses, Westchester County Executive George Latimer and Rockland County E…

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by Zak Failla