Baristas at three unionized locations in the Garden State are among those participating in the Nov. 17 day of protest against the Seattle coffee giant, calling on corporate to “fully staff all union stores” and start bargaining with unionized workers in good faith.
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Retail
Fitch Ratings downgrades Party City
The move comes in the wake of flat Halloween sales, word the retailer would cut its corporate workforce by 19%, and a targeted $30 million reduction in costs in an effort to offset the impacts of lower demand and inflationary pressures.
Read More »Ascend to begin recreational cannabis sales in Fort Lee
During a Nov. 10 quarterly earnings call, the multistate operator reported that New Jersey has been the “leading growth driver” this year within the company’s Northeast region.
Read More »Kushner adds 3 new tenants to The Shops at Pier Village
Exclusive retail leasing agent Pierson Commercial secured deals that will bring a diverse trio to the oceanfront property: lifestyle brand Salt Life, Strand Salon and health care concept Remedy Real.
Read More »NJ native’s cannabis brand launches at Garden State dispensaries
Products from women-owned and operated Miss Grass are now available at stores run by Ascend Wellness, Acreage Holdings (The Botanist), Columbia Care (The Cannabist) and Verano Holdings (Zen Leaf), with further expansion expected soon.
Read More »For the win: How Wakefern pulled record sales out of a trying year
Despite the inflationary pressures, supply chain snags and labor shortages that plagued the retail industry in 2022, Keasbey-based Wakefern Food Corp. reported record retail sales of $18.6 billion for the fiscal year ending Oct. 1, a 4.69% increase from the prior year.
Read More »Study: NJ’s glacial pace on legal cannabis licenses may allow illicit sales to flourish
According to a recent report, states with more legal, licensed and regulated stores had more success in putting illegal sellers out of business, while those with fewer dispensaries tended to have the most street dealers.
Read More »Triple Five gets extension on American Dream construction debt
The beleaguered Meadowlands megamall's owner has received more time to pay off $1.7 billion in financing on the property.
Read More »Hudson, Sunglass Hut extend agreement to operate new shop-in-shops
The Dufry-owned company – which has more than 1,000 stores in airports, commuter hubs and tourist destinations across North America – will exclusively operate new standalone travel retail stores for the eyewear seller in the U.S. and Canada.
Read More »Bed Bath & Beyond appoints new EVP, chief marketing and customer officer
Bart Sichel brings more than 35 years of experience to the position, including as CMO at Burlington Stores Inc.
Read More »Morristown jewelry store, local businesses team up for Diamond Dash
A lucky couple won a one-carat diamond engagement ring after successfully completing an “Amazing Race”-style scavenger hunt organized Nov. 5 by Braunschweiger Jewelers, a fifth-generation, family-owned store in Morristown.
Read More »Bed Bath & Beyond enters private exchange agreement for senior notes
The holder owns approximately $9.5 million aggregate principal amount of notes due 2034 and $22 million aggregate principal amount of 2044 notes. After the deal closes, the exchange notes will be canceled and no longer outstanding
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