Texas-based Tailored Brands announced that up to 500 stores could potentially close over time; in New Jersey there are currently 25 locations between the two brands.

Lynda Markoe will oversee the cultural transformation of the business around the Union-based retailer's core values and purpose.

The new Alex Global Products is home to brands Alex Toys, Backyard Safari, Ideal, Poof, Scientific Explorer and ZOOB, and until recently Slinky and Shrinky Dinks.

The 130,000 square-foot ke location is among 14 announced by the online retailer earlier in the summer.

The nonprofit will run its e-commerce operations, sort unsold clothing and hard goods for off-site recycling, and sell previously-loved textiles and collectibles from the 125,000-square-foot location.

Though shoppers returned to malls in Texas nearly two months before they did in New Jersey, attendance in the Garden State is now higher than the former, which Rutgers economist Bruce Mizrach suggests has more to do with consumer comfort than government permission.

"[W]e are proactively optimizing our real estate portfolio and have made strategic decisions to temporarily reduce new store openings and close a limited number of stores this year," CEO Mary Dillon said. "Overall, our real estate portfolio generates healthy returns, and this limited and targeted approach to closing stores will position Ulta Beauty for even stronger financial performance in the future.”

The company will also close locations across all its other brands: Ann Taylor, LOFT, Lane Bryant, Justice, Lou & Grey.

Following a February suit brought by the Union-based retailer for the floral and gift business's failure to close the deal, the buyer has agreed to close the acquisition for $245 million.

The breach was first reported on March 2, after which Key Food conducted an investigation of the incident with its member stores.

PVH Corp., the brands' parent company, said the move is expected to result in annual cost savings of approximately $80 million.

Neil Lick will lead a new team at the Union-based retailer.