COVID-19: Retailer J.Crew, With 450 Stores Throughout Nation, Files For Bankruptcy COVID-19: Retailer J.Crew, With 450 Stores Throughout Nation, Files For Bankruptcy
Covid-19: Retailer J.Crew, With 450 Stores Throughout Nation, Files For Bankruptcy Amid a plunge in sales during the novel coronavirus (COVID-19) pandemic, specialty retailer J.Crew has filed for bankruptcy. More Chapter 11 filings across the retail sector are expected in the coming weeks. J.Crew, which opened its first location in 1989, operates more than 450 stores throughout the United States. The company J.Crew, which was struggling financially before the pandemic hit, was acquired in 2011 by TPG Capital and Leonard Green & Partners for $3 billion. J.Crew said in a statement that it has filed a series of customary "first-day" motions with the Bankruptcy Cou…
WATCH: Paul McCartney Rocks Jersey City Waterfront Restaurant WATCH: Paul McCartney Rocks Jersey City Waterfront Restaurant
Watch: Paul McCartney Rocks Jersey City Waterfront Restaurant Sir Paul McCartney had a packed house singing and dancing -- and recording -- at an invitation-only party on the Hudson River waterfront over the weekend. Wife Nancy Shevell, an Edison native, joined the gum-chewing, 77-year-old musical legend as he removed his jacket and launched the band into the Beatles' "I Saw Her Standing There" at the Hudson House in Jersey City Saturday night. The event was reportedly a farewell party for Shevell's family's Elizabeth-based New England Motor Freight company, which filed for Chapter 11 in U.S. Bankruptcy Court in Newark earlier this year. McCartney an…
Payless Going Out Of Business, With Eight Westchester Stores Among Closures Payless Going Out Of Business, With Eight Westchester Stores Among Closures
Payless Going Out Of Business, With Eight Westchester Stores Among Closures Another iconic retailer is going out of business. Payless ShoeSource will be closing all of its 2,100 remaining stores in the U.S. and Puerto Rico. The chain had filed for Chapter 11 bankruptcy protection nearly two years ago, closing hundreds of stores as part of its reorganization. Liquidation sales start Sunday, Feb. 17 with all stores staying open until the end of March with many others remaining in business until May. Store closures in the Hudson Valley and Fairfield County are as follows: Hudson Valley Westchester County Burlington Shopping Center, Yonkers Cortlan…
Fashion Retailer Charlotte Russe To Close Stores In Westchester, Rockland Fashion Retailer Charlotte Russe To Close Stores In Westchester, Rockland
Fashion Retailer Charlotte Russe To Close Stores In Westchester, Rockland Another traditional brick-and-mortar retailer will soon be shuttering its doors in the Hudson Valley. Charlotte Russe Holding Corp., which operates Charlotte Russe, a fashion brand for females filed for Chapter 11 bankruptcy protection over the weekend, impacted local stores. The company announced that it is planning to close 94 stores, including locations at the Jefferson Valley Mall in Yorktown Heights and Rockland Plaza on Route 59 in Nanuet. The stores at the Galleria Mall in White Plains and Palisades Center in West Nyack were not on the initial list of locations closing. Charlotte Ru…
Two Westchester Diners File For Bankruptcy Two Westchester Diners File For Bankruptcy
Two Westchester Diners File For Bankruptcy American Diner Group, Inc., which owns two popular eateries in Hawthorne and Yonkers, has filed for federal bankruptcy protection, according to multiple sources.  The family-owned diners claim they were forced to file for bankruptcy because of an $837,000 U.S. Department of Labor judgment that was assessed last year for paying workers less than they had earned. American Classic Broadway Diner in Yonkers and American Classic Executive Diner in Hawthorne filed for Chapter 11 reorganization on May 2 in U.S. Bankruptcy Court in White Plains. “It is the debtor’s intention to immediately seek med…