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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Metropolitan Realty Associates LLC (MRA) and equity partner Angelo Gordon & Co. LP have secured a $23 million acquisition and construction loan for Macy’s at the Shops at Nanuet.
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Victoria’s Secret is shuttering a total of 53 stores, after closing 30 last year, to help right-size its operations, L Brands executives said
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Macy’s at the Shops of Nanuet will close for good on April 2.
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Many major retailers with a high-profile presence at shopping hubs are shuttering their stores as corporations adjust to the SmartPhone and Internet economy, stock market convulsions, and fear of inflation and recession.
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One of the nation’s fastest growing retailers you may have never heard of is taking over the ground floor of the Macy’s location at The Shops at Nanuet
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