Barnes & Noble Bought For $683 Million
The owner of U.K. bookseller Waterstones has agreed to buy Barnes & Noble for roughly $683 million, the companies said Friday.
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Category: Retail
Rockland County retail
Forever 21 Explores Options As Retail Sales Decline
Forever 21 is exploring restructuring options to shore up its liquidity as the fast-fashion giant struggles with its business. The company is in talks with private equity firm Apollo Global Management about raising debtor-in-possession funds to provide financing should it file for bankruptcy. The talks come as the apparel industry continues to struggle amid sweeping changes, […]
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J. Crew Closing 20 Stores
Retailers Continue To Feel Brunt Of E-Tail, Changing Shopping Habits J.Crew Group is moving forward with plans to close about 20 J.Crew and factory stores in 2019, adding to the net closure of 34 stores last year. There is a J. Crew store at the Shops of Nanuet but the company will not specify which […]
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Abercrombie & Fitch Closing Stores Nationwide
Teen apparel retailer Abercrombie & Fitch Co. plans to close up to 40 stores during fiscal 2019, after closing 29 locations last year.
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ToyWiz Closing Its Retail Store Saturday May 25th
UPDATE (01-04-2023): TOY WIZ IS OPEN FOR BUSINESS, AND DID NOT CLOSE AS PLANNED.
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Dressbarn Closes Doors After Half A Century
Dressbarn is closing all 650 stores, including its Nanuet location, and another nine in the Hudson Valley. The company employs about 6,800 people, and has not disclosed when stores will begin shutting down.
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Amazon’s Partnership With Kohls Helps Hedge Against Department Store Decline
Kohl’s is better positioned than its mall-based competitors, and its partnership with Amazon.com may be what’s bolstering its performance.
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Retail’s Darwinian Landscape Narrowing The Field; Trump’s Tariff’s Not Helping
Some 17% retailers covered by S&P Global remain financially vulnerable, according to a report this week from the ratings agency. Big boxes and chain restaurants make up the most significant portion of the distressed companies.
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Will Lord & Taylor Survive Potential Sale By Parent Company Hudson’s Bay?
The fate of Lord &Taylor, which closed its flagship store earlier this year, is up in the air. Hudson’s Bay, which owns Lord & Taylor and Saks Fifth Avenue, has hired a financial adviser to review Lord & Taylor’s business, and that review could lead to a sale or a merger.
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Party City Shuttering 45 Stores Nationwide
Westchester-based Party City will close 45 stores in 2019, the company said last Thursday when announcing its financial results for the first quarter of 2019.
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