J.Crew shuttering its popular Soho, NYC store
December 8, 2017
While the high rents in New York’s Soho neighborhood have driven out a number of big brand retailers lately — and even though J.Crew previously announced that it will close up to 50 stores due to waning foot traffic — the news that the retailer will shutter its women’s store on Prince Street will undoubtedly disappoint a lot of locals and tourists. That said, J.Crew will continue to operate 13 stores in NYC, six of which will remain in Manhattan.
Recent News
Peloton Stocks Soar 14% Amidst Potential Private Equity Buyout
Peloton has been struggling since the pandemic ended. Now, it may be getting a reprieve.
Panera Halts Sales of ‘Charged Sips’ at Heart of Lawsuits
Panera’s Charged Sips allegedly caused two deaths, and now they’re being pulled from the chain’s menus.
Rivian’s Losses Reach $1.45 Billion Amid Ongoing Cost-Reduction Efforts
In the first quarter, Rivian reported a loss of $1.45 billion, showing that its recent efforts to cut costs across the company will need further progress before turning over profits.
Meta To Broaden AI Image Generation Options for Ads
Meta Platforms, the parent company of Facebook and Instagram, announced on Tuesday that it is expanding its lineup of generative AI advertising products.