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Cresskill-Closter, NJ
Business
CMX Cinemas Files For Chapter 11 Bankruptcy
Cinemex Holdings USA, Inc. and Cinemex USA Real Estate Holdings, Inc. (CMX) filed for Chapter 11 bankruptcy protection amid the COVID-19 pandemic. CMX -- the dine-in, luxury movie theater chain -- has a location in Closter and another planned for the American Dream Mall in East Rutherford. "We are in a state of complete uncertainty as to when we can re-open our theaters and when our customers will feel safe and secure in returning to them given that there is presently no vaccine against the virus," according to a news release. "We cannot forecast when — if ever — customer numbers will retu…
Paramus, NJ
Business
Update
: Fairway Market's NJ Stores Could Stay Open After All
Fairway Market stores in New Jersey could stay open, after all. Although the New York Post on Wednesday reported the New York City grocer planned on filing Chapter 7 bankruptcy and closing all 14 of its locations, Fairway apparently has new plans in place. Fairway -- which has stores in Paramus and Woodland Park -- filed for Chapter 11 bankruptcy Thursday, after denying The Post's report of filing for Chapter 7 Wednesday. The New York City grocer reached a deal to sell its distribution center and five NYC stores to Village Super Market (which operates more than two dozen ShopRite stores) …
White Plains, NY
Business
Fairway Market Files For Bankruptcy, Plans To Sell Its Stores
Fairway Market has announced it is filing for Chapter 11 bankruptcy and will sell up to five of its stores to ShopRite before selling its remaining 13 locations. Fairway has markets in New York City, Long Island, Westchester and Fairfield counties. The five Fairway locations being sold to Village Super Market, Inc., the parent company of ShopRite, reportedly for $70 million, are all in New York City: Upper West Side store at 2131 Broadway Harlem store on 2328 12th Ave. (at 125th St.) Chelsea store at 766 6th Ave. Kips Bay store at 550 2nd Ave. Upper East Side store at 240 East 86th …
Paramus, NJ
Business
Update
: Fairway Market's NJ Stores Could Stay Open After All
Fairway Market stores in New Jersey could stay open, after all. Although the New York Post on Wednesday reported the New York City grocer planned on filing Chapter 7 bankruptcy and closing all 14 of its locations, Fairway apparently has new plans in place. Fairway -- which has stores in Paramus and Woodland Park -- filed for Chapter 11 bankruptcy Thursday, after denying The Post's report of filing for Chapter 7 Wednesday. The New York City grocer reached a deal to sell its distribution center and five NYC stores to Village Super Market (which operates more than two dozen ShopRite stores) …
New Rochelle, NY
Real Estate
College Of New Rochelle Files For Bankruptcy
After being forced to shutter its doors earlier this year, the College of New Rochelle has officially filed for Chapter 11 bankruptcy and its campus is expected to be sold within the next two months. Following a three-year financial crisis, the 115-year-old college concluded classes on Saturday, Aug. 10. Mercy College is temporarily leasing the campus and will use the facilities through 2020. In response to the financial crisis, the college has been selling off its assets, including its 15.6-acre campus, which includes more than 425,000-square-feet and includes 20 buildings. A&G Realty…
Paterson, NJ
Business
Report
: Kmart Shutters Wayne Store
The Kmart in Wayne is among the four latest locations to shutter, according to a recent report. The Hamburg Turnpike store, along with the Trenton, Wall and Somers Point locations, will have liquidation sales in mid-September, Kmart/Sears spokesman Larry Costello said. A Worker Adjustment and Retraining Notification Act notice has not been filed by the company with the state. Sears Holdings, a Kmart parent company, filed for Chapter 11 bankruptcy and has been closing several stores across the U.S. -- more locally in Elmwood Park, Willowbrook Mall, Paramus Park and more. Click here f…
Rye, NY
Business
Standard Amusement, Former Planned Playland Operator, Files For Bankruptcy
The company that would have taken over control of Rye Playland filed for bankruptcy on the same day Westchester County terminated the contract for Standard Amusements to run the park. Standard Amusements filed for Chapter 11 bankruptcy this week, weeks after Westchester County Executive George Latimer announced that he was ending their deal, which was the company’s largest source of revenue. Latimer announced in April that the county will be terminating the contract with Standard because it “did not engage in the ongoing process to resolve its breaches of the Playland Agreement.” In its …
Ridgefield, CT
Business
Three Charlotte Russe Stores In Fairfield County Slated For Closure
Young fashionistas who are fans of Charlotte Russe will soon have to look for another favorite store when all local stores close after filing for bankruptcy. The clothing retailer confirmed on Wednesday, March 6, that it plans to close all of its brick-and-mortar and online shops including those at the Stamford Town Center, Danbury Fair, and Westfield Trumbull malls. The announcement comes about a month after the company filed for Chapter 11 bankruptcy protection. Last month, the company closed its Milford, Meriden, and Ledyard stores. The company states on its website that …
Garfield-Lodi, NJ
Business
Lodi's National Wholesale Liquidators Could Be Closing
National Wholesale Liquidators filed for Chapter 11 bankruptcy and gave notice to 152 employees at the Lodi store who may lose their jobs January 1. National Wholesale Liquidators sells a variety of discount merchandise including furniture, clothing, watches, vacuums and more. Corporate officials told Daily Voice they're hoping an investor will express interest and "save us at the twelfth hour."
Hackensack, NJ
Business
North Jersey Mattress Firm Among Hundreds Shuttering After Retailer Files For Bankruptcy
Mattress Firm announced it will be closing more than 200 stores across the U.S. after filing for Chapter 11 bankruptcy protection on Friday. Of its nearly 3,500 U.S. stores, the Route 46 Saddle Brook location and five other New Jersey locations will shutter as early as next week as part of a business restructuring plan. Nearly 700 total stores will close within 45 to 60 days, the company said. CLICK HERE FOR THE FULL LIST OF THE NEARLY 200 CLOSURES.
Fairfield, CT
Business
Jewelry Store Giant Claire's Files For Bankruptcy
Accessory and jewelry store giant Claire's filed for Chapter 11 bankruptcy Monday. Claire's Stores Inc. hopes to clear $1.9 billion in debt and close some underperforming stores. Claire's has locations in 99 percent of malls across the U.S., selling cubic zirconia jewelry and other low-priced accessories. The store claims to be the world’s leading ear piercer, having pierced over 100,000,000 ears worldwide, and nearly 3.5 million last year in the U.S. alone. Claire's has several locations across Fairfield County: Westfield Trumbull Mall CT Post Mall Stamford Town Center Danbury Fair Mal…
Paramus, NJ
Business
Sparkly Jewelry Store Giant Claire's Files For Bankruptcy
Accessory and jewelry store giant Claire's filed for Chapter 11 bankruptcy Monday. Claire's Stores Inc. hopes to clear $1.9 billion in debt and close some underperforming stores. Claire's has locations in 99 percent of malls across the U.S., selling cubic zirconia jewelry and other low-priced accessories. The store claims to be the world’s leading ear piercer, having pierced over 100,000,000 ears worldwide, and nearly 3.5 million last year in the U.S. alone. Claire's has several locations across Bergen and Passaic counties: The Shops at Riverside Garden State Plaza Bergen Town Center Pa…
