Destination Maternity, which owns its namesake brand and the Motherhood Maternity chain, is closing more than 180 of its stores as part of its Chapter 11 bankruptcy protection case, according to court documents.
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After nearly two decades of stalled starts and multiple developers, the American Dream mall is scheduled to open its doors Oct. 25
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The 10-page report, which is more a prescriptive than a specific road map, broadly touches on ways to enhance Clarkstown’s potential as a place to do business.
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The statistics are alarming and the writing is on the wall for some retailers with Rockland locations that have been cornered by debt, obsolescence, and declining mall traffic.
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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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Forever says it was not planning to file for bankruptcy on Sunday, describing the report as “inaccurate” and says it planned to continue operating the “vast majority” of its stores.
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Hudson’s Bay Company is selling Lord & Taylor to clothing rental subscription service Le Tote for $100 million but the deal still has hurdles to jump.
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Coresight estimates closures could reach 12,000 by the end of the year, the report said.
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In the upcoming report, several members of the economic committee are calling for Clarkstown’s leadership to find a way to allow the Palisades Center to expand its unoccupied fourth floor without the need for a public referendum.
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Health and wellness retailer GNC plans to close up to 900 stores with big cuts to mall locations expected.
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