12,000 Stores Could Close in 2019, Says Report
Coresight estimates closures could reach 12,000 by the end of the year, the report said.
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Tag: Palisades Center
Does Clarkstown Need To Hold A Referendum To Resolve Mall Impasse?
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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GNC To Close 900 Stores Nationwide
Health and wellness retailer GNC plans to close up to 900 stores with big cuts to mall locations expected.
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Clarkstown Vs. The Palisades Center: It’s Complicated
The Town of Clarkstown has won two rounds in a court battle with the Palisades Center but the town may not win the war
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Regional Cooperation Boosts Economic Development
Three 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.
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Forever 21 Explores Options As Retail Sales Decline
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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Palisades Center Loses Federal Claims; Will Center Take Fight To State Court?
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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Abercrombie & Fitch Closing Stores Nationwide
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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Will Lord & Taylor Survive Potential Sale By Parent Company Hudson’s Bay?
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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Bed, Bath, & Beyond The Hey Day Of Home Furnishings Retail
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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