This month, the 78-store chain will open stores in StatenIsland, NY; Paramus, NJ; Farmingdale, NY; Hawthorne, CA; and SouthSacramento, CA. The company also plans to open new stores inSummerlin, NV; Murrieta, CA; and Valley Stream, NY; by the end ofthe year.
Prentice, the owner of other retail ventures, like mall-basedtoy retailer KB Toys, bought Levitz in December for about $70million. The furniture chain had filed for Chapter 11 bankruptcyprotection in October.
Levitz's store count is down from 121 units at the time of itsfiling. Prentice has announced plans to close eight stores in theConnecticut and Philadelphia markets, exiting those markets, as itaims to focus on California and New York City metropolitanarea.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
