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CVS acquires Rite Aid prescription files from 42 NJ pharmacies
As part of a nationwide deal spanning 626 sites, the retail pharmacy chain assumed information from 42 shuttered stores in New Jersey.
Going for broke: NJ a top venue for corporate bankruptcy filings
A new report from San Francisco-based consulting firm Cornerstone Research put the Garden State venue at third nationwide, behind Delaware and the Southern District of Texas.
Rite Aid continues to shrink New Jersey footprint
The company has closed nearly 780 pharmacies nationwide – including three dozen locations in the Garden State.
NJ bankruptcy court sees 2023 uptick in mega corporate restructurings
In the Garden State, Chapter 11 remained the most common type of filing and most companies entered the process in free fall – without a negotiated or agreed-upon path through and out of bankruptcy.
After 3rd bankruptcy, Z Gallerie begins liquidation sales
The California-based home furnishings and décor chain has one location in New Jersey, offering "a unique opportunity to buy high-end, quality home décor at deeply discounted prices."
Bankrupt Rite Aid plans NJ store closures (updated)
The pharmacy chain is working with A&G Real Estate Partners to auction off leases to 78 underperforming locations in nine states, as well as to sell 21 fee-owned properties in 11 states.
David’s Bridal avoids shutdown with sale to NY-based investment firm (updated)
The agreement will save more than 7,000 jobs and up to 195 locations, of which the retailer has eight in New Jersey.
David’s Bridal reportedly in talks with buyer to keep nearly 200 stores open
The retailer sought voluntary bankruptcy protection for the second time in five years in April 2023.
Overstock wins Bed Bath & Beyond bids
The e-commerce site won an auction for the bankrupt retailer’s intellectual property and digital assets with its bid of $21.5 million.
