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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The 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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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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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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Chain Set To Close 40 Locations Just like other struggling big box retailers, Bed Bath & Beyond is shuttering stores and experimenting with new concepts to prevent its demise. The housewares retailers plans to close 40 locations this year and test “lab” stores that sell more home décor and food products. RCBJ recently reported similar […]
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New Prototype Store Opening But Nothing Planned Yet For Rockland County Do we need an “endangered list” for retailers? Although Barnes & Noble has managed to hang on as the country’s largest remaining book retailer, Amazon’s domination of the book market has been detrimental to the chain’s profits for years. Aside from 10 new prototype […]
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Will Palisades Center Feel The Pain? RETAIL REPORT The parent company of Kay Jewelers is planning to close more than 150 stores. The company, Signet Jewelers, owns Kay, Piercing Pagoda, Zales, Jared The Galleria of Jewelry, and several other jewelry stores. The Palisades Center has a Kays Jewelers, Zales and Piercing Pagoda. The retailer has not […]
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Ascena Retail Group, which owns retailers including Lane Bryant, Ann Taylor, Loft and Dress Barn, plans to close up to 667 stores through 2019. About 160 stores have already closed.
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Rockland County Executive Ed Day today declared a countywide State of Emergency on the ongoing measles outbreak.
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Destination Maternity, which also operates Motherhood Maternity and A Pea In the Pod stores, is yet another retail company that is downsizing. The company plans to close 280 stores over the next four years, including 67 in 2019.
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