Tag: retail

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BREAKING: Tedesco Rescinds Executive Order Declaring State of Emergency in Bergen County At the Request of the Governor

breaking news

the staff of the Ridgewood blog

Hackensack NJ,  Bergen County Executive Jim Tedesco today rescinded his Executive Order declaring a State of Emergency in the County at the request of the Governor.  The County Executive will hold a news conference today – March 19 – at 5:30 p.m. at Two Bergen County Plaza to discuss these recent developments and the next steps he will be taking to protect the residents, visitors and workers of Bergen County.

Tedesco said on Wednesday that he submitted the revised executive order to the Governor for review.  During his daily briefing on Tuesday, Murphy appealed to county and local governments to coordinate with the state. “We will override local and county actions to make sure we are consistent in our approach,” Murphy said.

Continue reading BREAKING: Tedesco Rescinds Executive Order Declaring State of Emergency in Bergen County At the Request of the Governor

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Assemblyman Brian Bergen Continues to Push Governor Murphy for a Sales Tax Holiday

Assemblyman Brian Berge

the staff of the Ridgewood blog

TRENTON NJ, Gov. Phil Murphy said his administration is working to set up a state business-incentive program to help employers during the coronavirus pandemic. Assemblyman Brian Bergen commended Murphy for understanding that without businesses there aren’t jobs, and would like to work with him on providing broad-based relief.

Continue reading Assemblyman Brian Bergen Continues to Push Governor Murphy for a Sales Tax Holiday

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Reader says the Garage ,”was nothing but ‘plum’ given to the developers in town so they have parking for their massive apartment buildings”

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“When i go for my daily walks with the dog on recycling days, the majority of the houses of piles of ‘amazon’ boxes at the curb which is a clear indicator of where the residents have been shopping. I haven’t bought anything in the CBD for years except to get my watch battery replaced at town/country or an evening meal/drinks. Retail is dead and dying and the pay-to-park just gives it another kick in the ass. The only need for parking is 3 or 4 hours on Friday/saturday nights unless you’re willing to walk 4 blocks, in which case there is always parking. This was nothing but ‘plum’ given to the developers in town so they have parking for their massive apartment buildings, and parking for the patron’s of their tenants restaurants. There should be ‘impact fees’ on these apartments in addition to real estate taxes since they are the prime beneficiary of the garage. We should have let NJ Transit build a garage at their expenses on the Ken Smith property. too late now. RIP good old Ridgewood. Hello ‘Montclair East’. SAD”

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Reader says Hudson Garage ” is a poor investment. This is not going to be a money maker”

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“We believe this is not a good thing for the village. Down the road in a few years what’s going to happen if the economy sinks for a bit like in the past .and no one is shopping and we are back to having 50 or more stores boarded up .the town will look like a ghost town. It was very depressing looking Back then when that happened.who will be responsible from the top. Or will they all be replaced ,and again they will go after the little small time worker and lay them off because of financial crisis. Pretty much all village departments are short on staffing as it is. And now with recycling Revenues toppling down it’s actually costing the village to do recycling versus making money like in the past. Recycling department is a losing proposition. Yes it’s a law but at who’s cost the taxpayer again. Just like the parking garage unnecessary.Wake up fellow village taxpayers. This parking garage is not for the taxpayers it’s for out-of-towners pretty much that are coming here to park close to the restaurants . End of the story. Every Thursday Friday Saturday Sunday there are plenty of parking at the lower level of the CBD meaning By Ridgewood Ave., Maple Village Hall parking lot ,give me a break. If you went to New York City you would walk a few blocks , This is about lazy people. You take your family into New York City and you park in a parking garage , and how many blocks do you usually walk to the place you’re going. Right. This is a poor investment. This is not going to be a money maker .about time this thing is paid off it will probably will need to be Heavily repaired. Unless they keep on top of it every single year which that’s not gonna happen.”

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Reader says , “it shows that people are lazy they don’t want to stay open for business”

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“This is the best. Talk about Staring the pot. Well it shows that people are lazy they don’t want to stay open for business. Half of these businesses are all bullshit anyway it’s something for the wives to do, right, they open up at 10 they close at 54 days a week some of them don’t even give two shits if they make any money. Half of it so much bull shit.”

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Pier 1 Imports is closing nearly half its 942 stores

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the staff of the Ridgewood blog

Paramus NJ, Pier 1 Imports is closing nearly half its 942 stores as consumers increasingly shop online for home goods. Pier 1′s losses have been mounting, as its sales decline. This latest quarter was no exception. Its third-quarter loss widened from a year ago, as same-store sales declined 11.4%.

Continue reading Pier 1 Imports is closing nearly half its 942 stores

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Governor Murphy Pushes Sales Tax Hike

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the staff of the Ridgewood blog

Trenton NJ, Governor Murphy considers a $500+ million tax hike “meaninglessness”:

“Murphy also indicated he will seek to restore the state sales tax to 7% from the current 6.62%, criticizing the reduction as a gimmick, a public relations charade enacted to provide legislators with a self-described tax cutter talking point.

The reduction, the governor has contended, was a meaningless gesture, saving consumers pennies while depriving the state of crucial revenue”

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Loft 41 Jewelry-STORE CLOSING-70% OFF

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To all our dear customers, we regret to inform you that our store will be closing.

We are inviting you to our close out final sale with savings up to 70% off.

41 E. Ridgewood Ave.
Ridgewood, NJ 201-444-9200
store@loftjewelry.com

We would like to take this opportunity to thank all our loyal customers for their support throughout our seven years in
business.
Sincerely,
Loft 41 Jewelry Studio

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Reader says , “Meter rates will be too high, the majority of retail businesses in town will suffer “

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Everyone should be focused on the rates required in the future to pay the debt service on the garage. Meter rates will be too high, the majority of retail businesses in town will suffer only a few nearby restaurants will benefit. A pending fiscal disaster, being backstopped by residents.
The 2-1 YES vote did not sufficiently outline the costs of the garage. The NO voters likely considered the costs. The majority of the YES voters thought it was “free”, of would be totally self sustaining.

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Retail Disaster : New Jersey Ranked Even Worse than New York in Sales Tax

Phil Murphy

the staff of the Ridgewood blog

Ridgewood NJ, according to the Tax Foundation New Jersey scored near the bottom , ranked 45th as on of the lowest-scoring states having a high sales tax rate, high excise tax rates, or apply the sales tax to a variety of business inputs. The states with the lowest scores on this component are Louisiana, Washington, Alabama, Arizona, Tennessee, and New Jersey.

Continue reading Retail Disaster : New Jersey Ranked Even Worse than New York in Sales Tax

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How Amazon’s ‘invisible’ hand can shape your city

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The Seattle e-commerce company’s influence goes well beyond shopping

BY PATRICK SISSON  MAY 2, 2017, 11:43AM EDT

It begins with boxes. For most people who order goods from Amazon—with nearly half of U.S. householdsenrolled in the company’s Prime program, that’s quite a few of us—interactions with the Seattle e-commerce giant start with a search and a click, and end with a delivery.

While the ubiquitous company—a retail and shopping juggernaut worth roughly $430 billion that personifies the rapid growth in e-commerce—has an extensive footprint, a growing warehouse network, and a nascent brick-and-mortar retail presence, most of us just see piles of boxes on stoops, on doorsteps, and in apartment lobbies.

But that passing perspective would be a gross underestimation of the way e-commerce in general, and Amazon specifically, has and will reshape cities and communities around the country.

A growing web of Amazon warehouses is poised to further speed up and reshape commerce, putting more pressure on retail. Increasing deliveries, a result of this bigger and better logistics network and consumer demand, is leading to increased freight traffic on city streets. And an expansion into physical retail, including brick-and-mortar Amazon grocery stores, predicted by many analysts, could make an even bigger dent in urban landscapes and commercial strips. Curbed reached out to Amazon for this story, but they declined to comment on the record.

https://www.curbed.com/2017/5/2/15509316/amazon-prime-retail-urban-planning

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Brick-and-Mortar Stores Are Shuttering at a Record Pace

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Years of overbuilding and the rise of online shopping have come to a head; malls as ‘energy suckers’

By Suzanne Kapner
April 21, 2017 7:53 p.m. ET

American retailers are closing stores at a record pace this year as they feel the fallout from decades of overbuilding and the rise of online shopping.

Just this past week, women’s apparel chain Bebe Stores Inc. said it would close its remaining 170 shops and sell only online, while teen retailer Rue21 Inc. announced plans to close about 400 of its 1,100 locations.

“There is no reason to believe that this will abate at any point in the foreseeable future,” said Mark Cohen, the director of retail studies for Columbia Business School and a former executive at Sears Canada Inc. and other department stores.

https://www.wsj.com/articles/brick-and-mortar-stores-are-shuttering-at-a-record-pace-1492818818

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Is American Retail at a Historic Tipping Point?

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Is American Retail at a Historic Tipping Point?

By MICHAEL CORKERY

APRIL 15, 2017

Along the cobblestone streets of SoHo, Chanel handbags and Arc’teryx jackets are displayed in shops like museum pieces, harking back to the height of the neighborhood’s trendiness. But rents there are softening, and the number of vacant storefronts is rising.

Today, some of the most sought-after real estate by retailers is not in SoHo, but five miles away in Red Hook, a gritty Brooklyn enclave with a shipbuilding past. E-commerce merchants are vying to lease part of a huge warehouse space, spanning 11 acres, that would allow them to deliver goods the same day they’re ordered online.

The profound reordering of New York’s shopping scene reflects a broad restructuring in the American retail industry.

E-commerce players, led by the industry giant Amazon, have made it so easy and fast for people to shop online that traditional retailers, shackled by fading real estate and a culture of selling in stores, are struggling to compete. This shift has been building gradually for years. But economists, retail workers and real estate investors say it appears that it has sped up in recent months.

https://mobile.nytimes.com/2017/04/15/business/retail-industry.html?referer=https://www.bing.com/search?q=historic%20tipping%20point%20retail%20ny%20times&form=MB10782&mkt=en-US&setlang=en-US

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Retail collapse: The 23 biggest chains closing stores this year

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Updated March 25, 2017
Posted March 25, 2017

The start of 2017 has been merciless when it comes to retail store closings. This year, analysts say online shopping has continued to take its toll on even the most popular brands.

Is your favorite retailer closing shop?

Check out our list of the biggest chains closings stores this year.
Walmart,
SEARS,
KMart,
JC Penny
BeBe,
Radio Shack,
CVS,
RiteAid,
The Children’s Place,
American Apparel,
Wet Seal,
Office Depot,
Aeropostale,
Men’s Wearhouse/Jos A. Bank,
The Limited,
Finish Line,
Chicos,
American Eagle,
BCBG Max Azria,
Abercrombie & Fitch,

GameStop

https://www.nj.com/news/index.ssf/2017/03/retail_closings_list_nj_2017.html#incart_2box_nj-homepage-featured

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There’s a terrifying mall ‘blight’ threatening communities across America

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Ashley Lutz

Sep. 3, 2016, 8:17 PM

One in six American malls are expected to disappear in the next decade. That’s scary news for many communities.

Visits to malls declined by 50% between 2010 and 2013, according to real estate research firm Cushman & Wakefield. Analysts expect upcoming data will show an even steeper drop in mall traffic.

Mall closures could have terrifying implications for communities, Howard Davidowitz, chairman of Davidowitz & Associates, a national retail-consulting and investment-banking firm, told Business Insider.

https://www.businessinsider.com/what-will-happen-when-malls-shut-down-in-america-2016-9