Houston-based Mattress Firm will close up to 700 stores nationwide leading up to the holiday season “to strengthen its balance sheet and optimize its store footprint,” according to an announcement made by CEO Steve Stagner Friday.
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Retail
Lidl purchases Bergenfield site
International grocery store Lidl has purchased a former Bergenfield ACME Market site for an undisclosed amount, according to RIPCO Real Estate and Kampler Advisory Group.
Read More »Phased-in marijuana tax still an option, Scutari says
The option to phase in a marijuana tax over the course of several years is not off the table, according to Sen. Nicholas Scutari.
Read More »NJ to tax online shopping
Gov. Phil Murphy signed a law Thursday requiring out-of-state online sellers to collect sales tax.
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Toys R Us IP to be acquired by investors
A group of investors led by intellectual property holding company Geoffrey LLC is set to acquire all of Toys R Us Inc.’s intellectual property.
Read More »Rodriguez joins Burlington Stores board
UCI Networks President and COO Jessica Rodriguez has joined the board of directors and corporate governance committee of Burlington Stores Inc., it was announced Tuesday.
Amazon to pay employees at least 15 an hour
Amazon will pay all its employees at least $15 per hour beginning in November, the company announced Tuesday.
Read More »Ascena Retail Group hires new SVP, general counsel
Ascena Retail Group appointed Wendy Hufford as senior vice president and general counsel on Monday, effective immediately.
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NJBIZ reveals 2018 Fast 50 list
Twenty-two never-before-ranked companies appear on this year's list of NJBIZ Fast 50 honorees.
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Jet.com expands to over 200,000 square feet in Hoboken
E-commerce purveyor Jet.com is again expanding its Hoboken Waterfront Corporate Center headquarters, SJP Properties said Monday.
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Gristedes joins Allegiance supermarket co-op
Iselin-based supermarket co-op Allegiance Retail Services LLC has added New York-based chain Gristedes to its roster of grocery stores.
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Jaguar Land Rover North America opens Mahwah headquarters
Jaguar Land Rover North America held its official opening ceremony this week, with a Royal in attendance.
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