Bergenfield, NJ
Business
Clifton Kmart Named In Sears' New Round Of Closures Clifton Kmart Named In Sears' New Round Of Closures
Clifton Kmart Named In Sears' New Round Of Closures Sears Holdings Corp., which owns Sears and Kmart, has announced the exact locations in a round of store closures as sales continue to decline. The company said in an earnings statement Thursday it plans to close 63 of about 100 nonprofitable stores. New Jersey will be losing stores in Burlington, Lawrenceville and Ocean, along with a Kmart in Passaic. Sears Holdings initially announced plans to close 72 stores, but later in the day adjusted that number to 63 stores: 48 Sears stores and 15 Kmart stores. Nine additional stores that it initially planned to announce would close will be evaluat…

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by Joe Lombardi
Armonk, NY
Business
Toys 'R' Us May Close Another 200 Stores, Report Says Toys 'R' Us May Close Another 200 Stores, Report Says
Toys 'R' Us May Close Another 200 Stores, Report Says Less than a month after announcing it planned to close 182 outlets, another 200 Toys 'R' Us stores may also be closing, according to a report in The Wall Street Journal on Thursday. The total of near 400 closures would be 45 percent of the toy retailer's total number of stores. Toys 'R' Us also reversed plans to offer severance packages to all affected employees, The Wall Street Journal reported. The locations of the 200 stores were not available. Toys 'R' Us, which filed for bankruptcy last fall, announced on Jan. 24 it planned on closing the 182 outlets, according to a court filing. A …

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by Joe Lombardi
Armonk, NY
Business
Toys 'R' Us Will Shut Down 182 Stores, Including One In Westchester Toys 'R' Us Will Shut Down 182 Stores, Including One In Westchester
Toys 'R' Us Will Shut Down 182 Stores, Including One In Westchester Toys "R" Us, which filed for bankruptcy last fall, plans to close as many as 182 outlets, about one-fifth of its total number of stores across the country, according to a court filing late Tuesday. A shift by customers to online shopping and increased competition led to the move, the Wayne, New Jersey-based company said.  Here is a rundown of tristate area stores scheduled for closure: New York Yonkers, 2700 Central Park Avenue College Point, 139-19 20th Avenue Union Square, 24-30 Union Square East Sayville, 5181 Sunrise Highway Massapequa, 5214 Sunrise Highway Henrietta, 2…

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by Joe Lombardi