Daily business news in the Great State of New York!
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 […]
NEW YORK – Hudson Yards plans to unveil a lineup of boutique shops, dubbed the Floor of Discovery, on the second floor of The Shops & Restaurants at Hudson Yards in March. The Floor of Discovery will house a unique collection of first locations from online brands and experiential shopping offerings from modern brands. These store […]
Swedish retail giant IKEA plans to open its first store Planning Studio in Manhattan next Spring on Third Avenue. This will be IKEA’s first city center store in the U.S., marking the company’s transformation and commitment to bringing IKEA into the heart of urban areas. Unlike IKEA stores in the suburbs, this Manhattan location won’t […]
NEW YORK — Discount retailer Five Below, where every item is $5 or less, has opened its first Manhattan store on Fifth Avenue. The chain has nearly 750 stores in 30 states and its merchandise is geared mostly to tweens (10-12) and teenagers. Selling everything from smartphone accessories and Bluetooth speakers to fashion and beauty […]