Rockland County retail
Visit Nyack took a hard look at what “Visit Nyack” really means and pivoted with advertising targets that are closer to home by putting an emphasis on a safer, COVID-friendly experience for visitors.
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Retail rent collections notched up in July, though they were still down by 19 percent compared to last year. The pandemic has altered how we shop – but is this a temporary or permanent shift?
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Simon Property Group, the country’s largest mall owner, is reportedly in talks with Amazon to turn some of the vacant anchor stores in its properties into fulfillment centers for the e-commerce giant
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Nanuet, a shopping mecca, began experiencing a retail crisis at least a year before the coronavirus pandemic. But shutdowns, slow openings and a teetering economy reveal the extent of the weakness and uncertainty going foward.
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The Town of Clarkstown on Thursday will vote on a resolution to hold a referendum on Nov. 3rd to determine whether the Palisades Center can be freed of its restrictions to build out unused space on the mall’s fourth floor.
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The Palisades Center will lose two more stores: Justice and Lane Bryant, both casualties of parent company Ascena’s bankruptcy filing
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The maturity date for the loan has been extended to either October 2021 or whenever Palisades Center pays off the last of the 12 monthly installments, whichever comes first.
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New York & Co. parent company RTW Retailwinds has filed for Chapter 11 bankruptcy protection and plans to permanently close most if not all of its stores, which may include the location at the Palisades Center.
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But now – amid a universal health crisis that has turned every norm upside down and people’s lives inside out – the owners of Michael’s Tuxedo’s are preparing for a return to normal while bracing for a world that has nothing but uncertainty.
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Coresight Research estimates 20,000 to 25,000 stores could permanently close in the U.S. this year, with 55% to 60% of those closures in malls.
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