The business, which started in Toms River, has grown from 25 locations to over 425 in 10 years.

Marla Ryan will remain with the company as president of product design, sourcing and merchandising, in addition to serving as the interim chief executive alongside board member Lisa Gavales and CFO and COO Dave Helkey.

After announcing the nearly $1 billion write-down of the company's Ann Inc. acquisition in June 2017, its stock fell 26 percent, according to the suit. In 22 more days, it fell an additional 35 percent.

GymGuyz opened its 24th location in the state over Memorial Day weekend, and has five additional spots slated to open by the end of 2019.

Following the reintroduction of its online store on June 3, the retailer opened five store locations on Thursday, including two in New Jersey.

MFV Expositions will host the International Franchise Expo at the Javits Center in New York May 30 through June 1, exposing an estimated 15,000 attendants to more than 400 emerging franchise brands as well as education on financing options.

"It’s encouraging to see the numbers being reported today," said Regional General Manager for New Jersey Glen Spencer. "It shows that when we set a goal and focus on achieving it, we can accomplish so much.”

Charles Knight assumed the role of interim chief financial officer on April 8.

Plans for the closing of the Mahwah-based retailer's 650 individual locations, including information about store closing sales, will be forthcoming.

Steven Tamares has stepped down from his post as chief executive officer of Bed Bath & Beyond and resigned as a member of its board of directors after 16 years days after activist investors filed a complaint against the Union-based retailer in federal court.

Cookie Cutters Haircuts for Kids will open two additional salons in the state on the heels of the Essex County store's opening.