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Target To Close Stores In 4 States, Including NY, Citing Theft, Organized Retail Crime Target To Close Stores In 4 States, Including NY, Citing Theft, Organized Retail Crime
Target To Close Stores In 4 States, Including NY, Citing Theft, Organized Retail Crime Citing incidents involving violence and theft, Target announced it is closing nine stores in four states, including one in New York. The New York store is in Manhattan, at 517 E 117th St. Three other stores are in California, in the San Francisco/Oakland market, and three in Oregon, in Portland. The other two stores are in Seattle, Washington. "We cannot continue operating these stores because theft and organized retail crime are threatening the safety of our team and guests, and contributing to unsustainable business performance," the company said in a statement released Tuesday afternoo…

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by Joe Lombardi
Business
NY Is Home To One Of Kmart's Four Remaining US Stores NY Is Home To One Of Kmart's Four Remaining US Stores
NY Is Home To One Of Kmart's Four Remaining US Stores Kmart is largely gone but not forgotten in one New York community, which boasts one of just four locations still standing in the US. For years, the former big-box store giant has been shuttering the doors of its brick-and-mortar locations as it faced increased competition from online retailers. At its peak in the 1990s, Kmart has upwards of 2,400 stores and 350,000 employees throughout the US, though with new closures announced across the country, the store is down to just four locations remaining, including one on Long Island. In Suffolk County, the Bridgehampton Kmart location on Montau…

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by Zak Failla
News
COVID-19: New Data Reveals Staggering Number Of Restaurant Closures During Pandemic COVID-19: New Data Reveals Staggering Number Of Restaurant Closures During Pandemic
Covid-19: New Data Reveals Staggering Number Of Restaurant Closures During Pandemic New data is revealing just how devastating the COVID-19 pandemic has been to the restaurant industry. Yelp's latest Local Economic Impact Report, released this week, reports that nearly 16,000 restaurants have permanently closed throughout the nation since the outbreak began in March. Of the 26,160 total restaurant closures listed on Yelp as of mid July, 15,770 were permanent. New York has seen the third-most restaurant closures at 8.4 percent, behind California (14.4 percent) and Texas (8.5 percent), according to Business Insider. Restaurants have passed the retail industry to accou…

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by Joe Lombardi