Rockland County retail
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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Retail sales spiked 17.7 percent in May, an early sign that the economy may recover from the economic crisis brought on by the coronavirus pandemic.
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Indianapolis-based Simon Property Group has sued The Gap Inc. and associated entities for breach of contract and willfully withholding rent during the coronavirus pandemic.
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Retail sales in the U.S. plummeted 16.4 percent in April, for the largest two month decline, according to the Commerce Department. That followed an 8.3 percent plunge in March.
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The Harley-Davidson dealer on Route 304 in Nanuet has packed up and hit the road. A victim of the coronavirus pandemic, the dealer has consolidated its operations at its Rochelle Park, Bergen County location.
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