Dead weight: New York Sports Clubs owner files for bankruptcy
The owner of New York Sports Clubs can’t run away from the pandemic. Town Sports International — which owns...
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Authentic Brands in talks to join J.C. Penney takeover
Authentic Brands, one of the most active bidders on bankrupt retail, is joining a deal to take over J.C....
Maison Kayser files for bankruptcy with plans for sale
Days after firing its New York staff, the owner of bakery chain Maison Kayser has filed for bankruptcy, with...
Century 21 Stores files for bankruptcy, blames insurers
UPDATED, Sept. 10, 12:40 p.m.: Century 21 Stores is the latest retailer to file for bankruptcy, and it blames...
Maison Kayser lays off 708 employees
Employees of Maison Kayser will be forced to put their bread-baking days behind them. The French bakery — founded by Eric Kayser in 1996 — has laid off 708 employees in New York City,...
J.C. Penney saved by Simon and Brookfield
J.C. Penney is saved. The retailer will be acquired by mall operators Simon Property Group and Brookfield Property Partners, avoiding liquidation. Simon and Brookfield will pay about $300 million in cash and assume $500...
Indoor dining can finally begin in NYC — with some big caveats
After months of uncertainty over the fate of New York City’s restaurants scene, eateries can finally begin seating indoors....
ICSC’s “incredibly tragic day” and rough year ahead
UPDATED Sept. 9, 2020, 3:45 pm: Employees of the International Council of Shopping Centers woke up to an alarming...
Retail rent payments inch back toward normal in August
Retail landlords can celebrate as rent collections are slowly but surely returning to normal levels after months of lackluster...
Retail adds nearly 250K jobs in August
The retail sector added nearly a quarter-million jobs in August, notching the highest growth among private industries. General merchandising stores added 116,000 workers, while automobile and appliance sales each added about 20,000 positions. (Related:...
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