Retail News Archive
It was announced Tuesday that Payless ShoeSource has filed for bankruptcy and will be closing nearly 400 poorly performing stores in the U.S. and Puerto Rico. This is another result of the difficulty for retail chains to survive in the age online shopping and Amazon.
“This is a difficult, but necessary, decision driven by the continued challenges of the retail environment, which will only intensify,” Payless CEO W. Paul Jones said in a statement.
The Payless stores closing in the Syracuse area include the following:
- Shoppingtown Mall in DeWitt
- Great Northern Mall in Clay
- Northern Lights shopping plaza in North Syracuse
I originally posted here that the JCPenney store at Destiny USA was at risk of closing.
However, it was NOT included in JCPenney’s official list of upcoming store closures and will remain open. Click here to view the entire list.
As announced earlier this week, Chick-fil-A is in the works to finally come to the CNY area.
A town official hopes to start the building process in April, on Route 11 in front of Home Depot in Cicero. The town of Cicero must pass the deal first, however.
Byrne Dairy is currently looking to replace a vacant Denny’s restaurant in the Tipp Hill area with a 4,232 square foot convenience store. This would be the 59th Byrne Dairy location. Read more details from Syracuse.com here.
It was announced Monday that Buffalo Wild Wings in Cicero (5671 E. Circle Drive) will be closing its doors this Sunday (3/19/2017). The BWW locations in Auburn and Camillus will, however, remain open.
The J.C. Penney store at Destiny USA has been recently included in the Morningstar Credit Ratings list of 39 stores most at risk of closing.
According to JCPenney, the stores most at risk of closing require a significant investment or have weaker sales per square foot than their average.
The company plans to make an official announcement on which stores will be closing later this month.
Syracuse.com has the latest developments:
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