In a metaphor come to life, litigation is underway between Macy’s and Amazon to determine the fate of a billboard next to Macy’s flagship store on 34th Street in Manhattan.
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The long-awaited home décor superstore At Home opened its 101,488-square-foot location at the Shops at Nanuet today on the ground floor of the former Macy’s department store.
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Retail workers livelihoods are under siege as the industry battles the financial fallout from the COVID-19 pandemic.
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At Home, the Plano, Texas-based home decor superstore retailer that will occupy the former Macy’s store in Nanuet, is set to open April 1st, according to a source close to the deal.
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Struggling department store chain Macy’s is planning to close 125 of its weakest stores over the next three years and cut 2,000 corporate jobs in its latest push to reinvent itself in the age of online shopping
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The Palisades Center, already without J.C. Penney, will see Lord & Taylor darken its lights in January, and Bed, Bath & Beyond is slated to shutter in June, and Macy’s fate is unknown.
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The national retail apocalypse is impacting Rockland County, and particularly Clarkstown where recent store closures include Lord & Taylor, Fairway, Sears, Macy’s, Toys R Us, and more.
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Coresight estimates closures could reach 12,000 by the end of the year, the report said.
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Department stores had a weak first quarter due to a slowdown during the all-important holiday season, according to a Moody’s report.
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Metropolitan Realty Associates LLC (MRA) and equity partner Angelo Gordon & Co. LP have secured a $23 million acquisition and construction loan for Macy’s at the Shops at Nanuet.
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