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ShopRite Opens 70,000-Square-Foot Grocery Store at The Boulevard on Staten Island

by Alex Tostado

New York City — ShopRite has opened a 70,000-square-foot grocery store at The Boulevard, a $200 million retail redevelopment project on Staten Island. Kimco Realty Corp. is leading the redevelopment of the 400,000-square-foot, open-air center, which will add retailers such as Marshalls, Ulta and PetSmart to its roster in 2021. The new ShopRite features specialty prepared foods from Valducci’s pizza, Loon Chuan Asian cuisine, Saladworks, Juice Press and Dunkin’ coffee, as well as onsite access to a registered dietitian and beauty consultant.

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DevelopmentNew YorkNews

Reading International Unveils Tammany Hall Redevelopment in Manhattan

by Alex Tostado

New York City — Reading International, an international cinema and real estate firm, has unveiled the redevelopment of the historic Tammany Hall Building at 44 Union Square in Manhattan. The former 19th-century political hub is now a Class A building with 73,095 square feet of space that can be utilized for either retail or office usage. BKSK Architects designed the project, which included a restoration of the façade and the addition of a three-story glass and steel dome with 19-foot ceilings and views overlooking Union Square.

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DevelopmentNew YorkNewsRestaurants

RD Management to Open 1,923-Square-Foot Food Hall at Harriman Commons in Woodbury, New York

by Alex Tostado

Woodbury, N.Y. — Development and management firm RD Management will open a 1,923-square-foot food hall at Harriman Commons, its 706,230-square-foot retail power center in Woodbury, about 55 miles north of New York City. The food hall will also offer a 3,300-square-foot outdoor dining terrace. Anchor tenants at the center include Walmart, Home Depot and Target. An opening date was not released.

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Company newsNew YorkNewsRetailers

Century 21 Files for Bankruptcy, to Close All 13 Department Stores

by Alex Tostado

New York City — Century 21, a New York City-based department store chain with a 60-year operating history, has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of New York. The retailer will soon begin the process of ceasing operations and will close all 13 of its stores, which are located in New York, New Jersey, Pennsylvania and Florida. The decision follows nonpayment by Century 21’s insurance providers of $175 million due under policies put in place to protect against losses stemming from business …

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Company newsEntertainmentNew YorkNews

Peloton Reports 172 Percent Revenue Growth in Fourth Quarter as Gyms, Fitness Centers Struggle

by Alex Tostado

New York City — Peloton Interactive Inc. (NASDAQ: PTON), a provider of subscription-based home exercise equipment and routines, reported a 172 percent increase in total revenue during the fourth quarter relative to that period in 2019. With many commercial gyms still operating at reduced capacities and numerous fitness centers at office and apartment buildings still closed, Peloton saw its connected fitness subscriptions and paid digital subscriptions grow by 113 and 210 percent, respectively. The New York City-based company now has a total membership base of more than 3.1 million people. …

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Company newsNew YorkNewsRetailers

Former Taubman Executive Joins Odyssey Retail Advisors as Managing Partner

by Alex Tostado

New York City — Rick Strauss has been hired at Odyssey Retail Advisors as a principal managing partner of landlord advisory business, the New York City-based firm announced. Strauss spent more than 20 years as a group vice president at The Taubman Co. and executive vice president at Westfield Corp. With Odyssey, Strauss will focus on landlord advisory and consulting, including project visioning, merchandising, marketing, proformas and execution of deals. “My passion is to make shopping environments highly competitive in today’s marketplace by broadening appeal through merchandising and creating engaging …

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Company newsNew YorkNewsRetailers

Macy’s Reports 53 Percent Surge in Online Sales, 34.7 Percent Drop in Overall Sales in Second-Quarter

by Alex Tostado

New York City — Macy’s Inc. (NYSE: M) reported approximately $3.56 billion in net sales across its Macy’s, Bloomingdale’s and Bluemercury brands during its fiscal second quarter ending Aug. 1, a 34.7 percent decline from that period in 2019. However, the New York City-based retailer said its second-quarter performance exceeded expectations, thanks largely to a 53 percent spike in year-over-year sales across its digital platforms. Digital sales represented 54 percent of Macy’s total revenue figure for the quarter. Macy’s CEO Jeff Gennette also said that the successful reopening of a …

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DevelopmentNew YorkNewsRetailers

Tiffany & Co. Unveils Plans for Redeveloped Flagship Store in Manhattan

by Alex Tostado

New York City — Luxury jeweler Tiffany & Co. has unveiled plans for the redevelopment of its flagship store at 727 5th Ave. in Manhattan. The top three floors of the 10-story building will be converted from office space into a new exhibition and event space surrounded by a curtain of glass complementing the limestone façade below. That space was originally completed in 1980, and the building itself was originally constructed in 1940. Tiffany has partnered with The Office of Metropolitan Architecture on the project, which is expected to be …

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DevelopmentEntertainmentNew YorkNewsRetailers

Sour Patch Kids Opens 3,300-Square-Foot Flagship Store in New York City

by Alex Tostado

New York City — Sour Patch Kids has opened a 3,300-square-foot flagship store for children at the corner of Bond Street and Broadway near the SoHo shopping district in New York City. IT’SUGAR, a retailer specializing in candy and similar confections and subsidiary of BBX Sweet Holdings LLC, will operate the store. In addition to offering a range of merchandise, the store will also feature entertainment activities for children, including the making of candy mix, posing for photos with Sour Patch Kids characters and enjoying reimagined sweets such as smoothies, …

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CaliforniaCompany newsNew YorkNewsRetailers

Parent Companies of Lord & Taylor, Men’s Wearhouse Both File for Chapter 11 Bankruptcy

by Alex Tostado

New York City and Freemont, Calif. — The list of apparel retailers to file for Chapter 11 bankruptcy grew longer over the weekend as the parent companies of Lord & Taylor and Men’s Wearhouse both filed petitions for Chapter 11 bankruptcy protection in an effort to restructure their debt loads. Le Tote Inc., a New York City-based e-commerce firm specializing in the clothing sector that owns Lord & Taylor, filed its petition in the U.S. Bankruptcy Court for the Eastern District of Virginia. Tailored Brands, the Fremont-based parent company of …

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