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Retail

Like a good neighbor

When Brian Kulbacki’s younger brother flew home to New Jersey for Christmas, he came to share a less than stellar reality: He was one of 800,000 federal workers affected by the government shutdown, and one of 420,000 “essential employees” who were required to work sans paycheck. Some businesses back home in Chicago are softening the ...

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A self-help solution for towns (access required)

When it comes to commerce, New Jersey in general and Essex County in particular are thriving hubs. From the county’s diverse, educated population — 64% of residents are black, Hispanic or Asian, and nearly half have a bachelor’s, graduate, or higher degree, according to Choose New Jersey — to the nearly 19,000 businesses that the ...

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Orangetheory set to open 7 NJ locations in 2019

Orangetheory Fitness, a high intensity interval training fitness franchise, will open seven locations in New Jersey this year. Studios in Freehold, Rockaway, Wayne, Somerville, Paramus, Ramsey, and Short Hills are slated to open between April and December. Franchisee Adam Krell is the area developer for Orangetheory, owning locations in the tristate area. A New Jersey ...

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In-store designer LG&P acquires retail event company Synergy Events

Brand-building event company Synergy Events, located in Neptune, has been acquired by Paramus-based brand and retail marketing agency LG&P, which designs and produces in-store fixtures and environments. The new organization, Synergy, an LG&P Company, will design and produce shopper environments that drive sales and return on investment for clients. “As part of the LG&P organization, ...

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Report: Sears saved from bankruptcy

Sears Holdings Corp. has reached a $5 billion deal with Chairman Eddie Lampert to keep 425 stores open, CNBC reported Wednesday. Lampert upped his offer from about $4.4 billion to $5.3 billion to save the failing retail giant through his hedge fund ESL Investments Inc. His offer beat out Closter-based Abacus Advisory Group LLC’s offer ...

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Carhartt to open first standalone NJ store

Outdoor clothing store Carhartt will open a standalone New Jersey store in Cherry Hill on Jan. 31. While some stores currently carry the brand, this will be its first standalone store in the state and 30th in the nation. With this opening, the brand’s footprint spans 18 states. “This Carhartt store is the first of ...

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Report: Gymboree to file bankruptcy, close all stores

Children’s clothing purveyor Gymboree Group will file bankruptcy this week and close its 900 stores, the Wall Street Journal reported. The company operates 22 Gymboree brand stores in New Jersey, along with 15 stores under the Crazy 8 and Janie and Jack brands. In December, Gymboree announced that it would close all locations of its ...

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Fiat Chrysler and Robert Bosch to pay NJ $5.3 million

Fiat Chrysler Automobiles and engineering firm Robert Bosch will pay New Jersey approximately $5.3 million as part of multi-state settlements alleging that both companies violated consumer and environmental protection laws, according to Attorney General Gurbir Grewal. The settlement with Fiat Chrysler resolves allegations that the carmaker equipped two model year 2014 to 2016 Fiat Chrysler ...

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Boll & Branch’s Missy and Scott Tannen.

Digital native brands find homes in physical stores (access required)

Lingerie company Adore Me sold its bras and corsets exclusively online from 2011 to 2016. The start-up was proud of its digital nativity, but a retail experiment in 2016 gave those at the helm an epiphany. The future of retail, they realized, isn’t just online. It’s omnichannel. “Since Adore Me was born, we’ve been very ...

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Destination Maternity taps two new executives

Destination Maternity Corp. has appointed Dave Helkey as chief financial officer and chief operating officer, and has appointed Doug Goeke as chief transformation officer. Both will report to chief executive officer Marla Ryan. Helkey’s new role will include overseeing the Moorestown retailer’s finance, accounting, IT, real estate, inventory management, sourcing, human resources, legal and warehouse/logistic ...

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Hudson Group names Fordyce CEO

Hudson Ltd., or Hudson Group, has announced Roger Fordyce’s appointment as chief executive officer effective Tuesday. Fordyce previously served as executive vice president and chief operating officer, and has been with Hudson for 30 years. He succeeds Joseph DiDomizio, who is leaving the company, in the role of CEO. DiDomizio will also leave Hudson’s Board ...

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