Daily business news in the Great State of New York!
Target, the nation’s second-largest discount chain, plans to reduce operating hours beginning Wednesday. Target will close all stores by 9 p.m. daily. Most stores usually close at or 11 p.m. with some in New York City open until 12. This will help the company replenish shelves and deep clean stores. It builds on earlier-announced initiatives […]
Two of the nation’s largest department store chains are closing their stores for two weeks to prevent spread of coronavirus. Macy’s will temporarily close all stores by end of business Tuesday through March 31, 2020. This includes all Macy’s, Bloomingdale’s, Bluemercury, Macy’s Backstage, Bloomingdales the Outlet and Market by Macy’s stores. Macy’s, Inc. will provide […]
Starbucks, the nation’s largest coffee chain, is now offering its drinks to go only and won’t let customers sit inside or outside its stores due to the coronavirus. The move affects all stores in the U.S. and Canada. Starbucks has several hundred locations in the NYC area and about 15,000 in the U.S. Starbucks shared […]
Supermarket chain Trader Joe’s announced that it will reduce hours and close at 7 p.m. beginning Monday, March 16th and until further notice. All Trader Joe’s stores will be open from 9:00 am until 7:00 pm to help support Crew Members in taking care of one another and their customers. No other reason was given […]
Nike, the world’s leading sneaker company, has decided to close stores in multiple countries around the world including in the United States, Canada, Western Europe, Australia and New Zealand to limit the spread of the Coronavirus (COVID-19). The closings will go into effect from Monday, March 16 through Friday, March 27. Customers can continue to shop […]
UNION, NJ — Home goods retailer Bed Bath & Beyond announced a restructuring that will eliminate 500 corporate jobs. The restructuring program includes a reorganization and simplification of its field operations, significant reduction in management positions across the business, and outsourcing of several functions. In December and January, the company said sales were down 5.4% […]
NEW YORK — Macy’s, the nation’s largest department store chain, announced plans to make NYC the sole headquarters for the company as it looks to restructure and streamline its business. Macy’s will cut 2,000 corporate jobs and plans to close 125 stores in the next three years. Cincinnati and NY have been dual-head offices for […]
NEW YORK — Foot Locker, Inc. has unveiled a new membership program in North America called FLX that includes all the company’s brands on one easy-to-use platform. Members of FLX are rewarded for shopping at the six Foot Locker, Inc. brands in the U.S., including Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction […]
Famous Footwear has opened a new 8,400 square-foot flagship store at 34th Street and Broadway in New York City. This is the largest of the company’s 32 New York metro area stores. The store is owned and operated by Calares — formerly Brown Shoe Company — whose brands include: Famous Footwear, Sam Edelman, Naturalizer, Allen […]
NEW YORK — Department store chain Nordstrom has opened the doors to its first-ever flagship store for women and children in New York City. Located at 225 West 57th Street, across from Nordstrom’s Men’s Store which launched in April 2018, the new store occupies the base of Central Park Tower, the tallest residential building in the […]
Hudson’s Bay Company, the Canadian retailer that owns department store chain Lord +Taylor, is selling the struggling brand for $100 million to Le Tote, an online subscription clothing rental service based in San Francisco. Lord + Taylor closed its Fifth Avenue flagship store in Manhattan at the beginning of the year and sold the building […]
The legendary music group The Rolling Stones has opened a popup store at luxury retailer Bergdorf Goodman’s 5th Avenue flagship in Manhattan now through August 13. The store is celebrating the Rolling Stone’s NO FILTER TOUR, which comes to NYC in early August. Bergdorf Goodman will be the exclusive destination for these limited-edition items in […]
NEW YORK – Empire State Realty Trust, owner of the Empire State Building, announced that AT&T will relocate to a new location within the world-famous skyscraper on 34th Street. AT&T has extended its lease term for ten years. “We are enhancing the Empire State Building’s 34th Street retail experience,” said Thomas Durels, Executive Vice President, Real […]
A fancy new gourmet food kitchen in NY has just opened — and it’s only for dogs! Petco has opened its first-ever in-store pet food kitchen at the chain’s flagship store in New York’s Union Square. The kitchen is in partnership with JustFoodForDogs. The kitchen – which will prepare fresh, human-grade pet food daily – […]
Hudson Yards, a $25 billion development built above rail yards on the West Side of Manhattan, officially opened to the public Friday, marking a historic moment in the City of New York. (Photo Above: The first Neiman Marcus department store in NYC opens at the new Hudson Yards.) New Yorkers and visitors are now able […]