shops at nanuet Archives - Page 3 of 5 - Rockland County Business Journal

Simon Property Sues Gap Over Rent Stoppage During Pandemic

June 7, 2020June 9, 2020rcbizjournal

Indianapolis-based Simon Property Group has sued The Gap Inc. and associated entities for breach of contract and willfully withholding rent during the coronavirus pandemic.

Malls Could Reopen Mid-June But How Much Collateral Damage Has Lockdown, Previous Weaknesses Caused?

May 31, 2020June 21, 2022rcbizjournal

The Palisades Center did not make April or May mortgage payments and an insider familiar with The Pyramid Group says a June payment is “not likely,” because stores are not on track to open until mid-month.

J. Crew Files Chapter 11 Bankruptcy; Pandemic’s First Retail Casualty

May 4, 2020May 6, 2020rcbizjournal

J.Crew is the first company to file for bankruptcy during the COVID-19 pandemic and analysts expect the list will grow longer.

Macy’s To Close One Fifth Of Stores: Fate Of Palisades Location To Be Seen

February 5, 2020rcbizjournal

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

Simon Property Group Reacting To Retail Environment With New Moves

February 5, 2020February 14, 2020rcbizjournal

Simon Property Group is reacting to a changing retail environment with innovative partnerships that seek to reinvent retail as well as rescue it.

Vera Bradley Closing Doors On Sunday

January 23, 2020January 30, 2020rcbizjournal

Vera Bradley at The Shops of Nanuet will close its doors on Sunday. An employee who has worked there for seven years said she is sad but not surprised.

Express To Close 100 Stores; Apparel Retailers Continue To Hurt

January 22, 2020January 29, 2020rcbizjournal

Express, the trendy apparel store with locations in the Palisades Center and The Shops at Nanuet plans to close about 100 stores by 2022, including nine already closed last year, 31 by the end of this month and 35 by the end of January 2021.

Consumers Plan Most Holiday Shopping Online

November 20, 2019rcbizjournal

Consumers will shun brick-and-mortar stores this holiday season, with more than 95% opting to buy half or more gifts online, according to a study from Leanplum