While New Jersey Devils fans anxiously await the decision of unrestricted free agent Zach Parise to either re-sign with the team or leave the franchise, a local sporting goods retailer hopes the announcement will finally lift the holding pattern of the merchandise bearing his name.
Despite the recent lack of growth in consumer spending, New Jersey's brick-and-mortar retailers plan to open more stores and increase hiring in the second half of the year, according to a survey by retail real estate services firm Levin Management Corp.
While darkened big-box stores remain problematic for the state's retail real estate sector, absorptions in the central New Jersey market have triggered improvements in the vacancy rate and sparked new developments, according to an annual survey by Old Bridge-based retail real estate broker R.J. Brunelli & Co.
Big-box store closures continued to drive up the vacancy rate along northern New Jersey's six major retail corridors in the past year, according to an annual survey by Old Bridge-based retail real estate broker R.J. Brunelli & Co.
While the recession propelled growth in New Jersey's resale market by creating an influx of budget-conscious consumers, industry experts believe supply-side strategies will stimulate further growth, even as the economy improves.
Party goods distributor and retailer Party City Holdings Inc., which has its corporate headquarters in Rockaway, today announced private equity firm Thomas H. Lee Partners L.P., in Boston, acquired a majority stake in the company for $2.7 billion.
Union-based home furnishings retailer Bed Bath & Beyond Inc. announced it bought Linen Holdings LLC, in Gibbsboro, for approximately $105 million in cash on Friday — its second acquisition in four weeks.
Amazon.com will invest $130 million to construct two 1.2 million-square-foot fulfillment distribution centers and create 1,500 full-time jobs in New Jersey next year, Gov. Chris Christie announced today, also noting the retail giant will begin to collect tax on Garden State sales. Read More »
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