Retail Woes Raining Down On Clarkstown
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.
Continue ReadingThe 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.
Continue ReadingForever 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.
Continue ReadingHudson’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.
Continue ReadingCoresight estimates closures could reach 12,000 by the end of the year, the report said.
Continue ReadingIn 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.
Continue ReadingHealth and wellness retailer GNC plans to close up to 900 stores with big cuts to mall locations expected.
Continue ReadingThe Town of Clarkstown has won two rounds in a court battle with the Palisades Center but the town may not win the war
Continue ReadingThree county executives expressed optimism about the regional economy, citing healthy bond ratings, larger surpluses, and innovative economic development strategies to combat retail and declining office occupancy challenges.
Continue ReadingForever 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, […]
Continue ReadingThe owners of the Palisades Center have lost their claims based on federal law to lift restrictions that prevent the mall from expanding but have options moving forward including appealing the district court decision to the Second Circuit Court of Appeals, and/or they can also take their state law claims to Rockland County Court.
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