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These 7 businesses announced store closings in January

The past few years have been rough for a declining brick-and-mortar retail industry.The retail apocalypse continues to hit stores hard. Many have struggled since the onset of the COVID-19 pandemic, and it was a particularly tough January in New Jersey for some popular chains and businesses.Here’s a look at seven that have announced closings o...

The past few years have been rough for a declining brick-and-mortar retail industry.

The retail apocalypse continues to hit stores hard. Many have struggled since the onset of the COVID-19 pandemic, and it was a particularly tough January in New Jersey for some popular chains and businesses.

Here’s a look at seven that have announced closings or shuttered stores permanently already in 2023.

Barnes & Noble

The popular bookstore chain announced in a Facebook post its Paramus location at 765 Route 17 will close on Saturday, Feb. 11.

The space is expected to be converted into an adult daycare center for people with disabilities called New Concepts for Living.

There are currently 17 Barnes & Noble bookstores in New Jersey and over 600 nationwide.

Dom’s Bakery Grand

Dom’s Bakery Grand, an iconic New Jersey bakery, closed on Jan. 28 after 43 years in business.

It was located at 506 Grand St. in Hoboken. The bakery landed on NJ.com’s list of 64 foods that define New Jersey and was heralded as a go-to spot for Italian bread in the Garden State.

Houlihan’s

Houlihan’s abruptly closed its Cherry Hill restaurant on Jan. 28.

It was located at 2050 Route 70 at The Market Place at Garden State Park and had been open since 2008.

There are now just seven Houlihan’s spots left in the Garden State and 33 locations throughout 14 states.

Morphe

Makeup retailer Morphe Cosmetics abruptly shuttered all 27 stores on Jan. 5, leaving many employees and customers bewildered by the closings.

Several former employees sounded off about the sudden closures via TikTok. Many of them were given a day’s notice before being laid off, according to NBC News.

Forma Brands, Morphe’s parent company, filed for Chapter 11 bankruptcy a week after the store closings.

Regal Cinemas

Regal Cinemas, the second-largest cinema chain in the United State, will shutter two New Jersey movie theaters and 37 others across the country after filing for bankruptcy.

The list of closures includes locations in Mays Landing (Regal Hamilton Commons) and Phillipsburg (Regal Pohatcong). Exact closing dates have yet to be announced.

Cineworld, Regal Cinemas’ parent company, announced it was filing for Chapter 11 bankruptcy in 2022. In a more recent bankruptcy filing, Cineworld said it plans to reject the leases of the 39 theaters starting Feb. 15.

Santander Bank

Santander Bank plans to shutter four of its Garden State branches — Clementon at 100 Berlin Rd.; Hamilton at 1700 Nottingham Way; Princeton at 188 Nassau St. and Robbinsville at 2371 Rt. 33.

Exact closing dates have yet to be announced.

There are more than 200 Santander Bank locations through the state and over 484 branches nationwide.

Williams Sonoma

Williams Sonoma, a high-end kitchen supply retailer, closed its Westfield location in January. It was located at 127 Central Ave.

The company operates 10 stores in New Jersey and 168 locations nationwide.

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Ice Hockey: Pascack races out to early lead, holds off Paramus

Freshman Austin Groves and sophomore Erik Wrynn both scored a pair of goals for Pascack Valley-Hills as it defeated Paramus-Lyndhurst by a 6-3 margin at MacKay Ice Rink in Englewood on Tuesday.Wrynn’s first goal served as the game winning goal, taking a feed from junior Kevin McNamara and finding the back of the net at the 13:23 mark of the second period to extend his team’s lead to 4-0 after a three goal first period. Although Wrynn’s first goal appeared to signal the start of a rout, his second tally came after Par...

Freshman Austin Groves and sophomore Erik Wrynn both scored a pair of goals for Pascack Valley-Hills as it defeated Paramus-Lyndhurst by a 6-3 margin at MacKay Ice Rink in Englewood on Tuesday.

Wrynn’s first goal served as the game winning goal, taking a feed from junior Kevin McNamara and finding the back of the net at the 13:23 mark of the second period to extend his team’s lead to 4-0 after a three goal first period. Although Wrynn’s first goal appeared to signal the start of a rout, his second tally came after Paramus-Lyndhurst had fought back to cut their their deficit in half going into the third period.

Paramus-Lyndhurst appeared to have the momentum after scoring the final two goal of the middle frame, but Wrynn took matters into his own hands with a great individual effort on his second goal of the night and allowed his team to reclaim their three goal lead.

“I saw the open space and decided to try to go end to end and it worked,” Wrynn said. “We got the win so I’m happy about that.”

Wrynn’s second goal came on the power play in the midst of a sloppy, penalty-filled period for both sides. The two teams combined to take seven penalties, leading to a dearth of 5-on-5 play throughout the final 15 minutes. Paramus-Lyndhurst head coach Jake Rizer cited the constant shifts from being on the power play to the penalty kill to 4-on-4 and the lack of flow those shifts cause as an obstacle to his team’s comeback effort that fell short.

“Every time you get a penalty either for or against you gotta shift lines around,” Rizer said. “When you go from 5-on-4 to 4-on-4 to 4-on-3 and then back up some people sacrifice some playing time and some people play for three or four minutes straight.”

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Both teams were able to to take advantage of the plethora of penalties in the third period. Paramus-Lyndhurst responded to Wrynn’s power play goal with a power play goal of its own by senior Jack Costanzo to get as close as 5-3 with 10:47 remaining in regulation. However, Paramus-Lyndhurst was unable to beat senior goaltender Aidan Rybacki again as he shut the door for the remainder of the game to close out a 23-save effort and earn the win.

Even with Pascack Valley-Hills playing from ahead as the clock wound down, it also struggled with the constant shifts in game state just as Paramus-Lyndhurst did. Head coach Sean Cosgrove discussed his team’s mindset heading into the game and how they dealt with the choppy third period while trying to defend their lead.

“Before the game we really stressed a strong start,” Cosgrove said. “We challenged our first line and they stepped up. Unfortunately we kind of slowed the game down, a lot of penalties, and we let (Paramus-Lyndhurst) back in but we worked hard aside from that...Going into the third period we stressed building momentum and putting the game away and when you end up in a back and forth like that it throws things off for both teams.”

Junior Zach Groves also scored for Pascack Valley-Hills. Senior Jake Renzi and Sophomore Thomas Greco joined Costanzo as the goal scorers for Paramus-Lyndhurst, with senior Michael Piccinich recording a pair of assists in the game.

Paramus-Lyndhurst will look to get back in the win column on Friday in a road contest against Old Tappan. Pascack Valley-Hills will also be back in action on Friday as they take on Clifton.

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Summer Camp Demand Hits Record Levels At Bergen Co. YMCA

BERGEN COUNTY, NJ — Summer camps at a local YMCA are filling up in a record-setting pace, with two-thirds of available spots reserved in less than two months. In an effort to meet demand, the Meadowlands Area YMCA has added three more programs, most notably of which is through a partnership with a prehistoric theme park.Still, if the accelerated signup pace continues, the YMCA, located in East Rutherford, expects to reach capacity in just three weeks, spokesperson Mike Golz said. In anticipation of a rush of parents struggling t...

BERGEN COUNTY, NJ — Summer camps at a local YMCA are filling up in a record-setting pace, with two-thirds of available spots reserved in less than two months. In an effort to meet demand, the Meadowlands Area YMCA has added three more programs, most notably of which is through a partnership with a prehistoric theme park.

Still, if the accelerated signup pace continues, the YMCA, located in East Rutherford, expects to reach capacity in just three weeks, spokesperson Mike Golz said. In anticipation of a rush of parents struggling to find summer camps with availability, the YMCA opened registration in early January.

As of this week, 286 of 400 spots have already been filled. In 2022, the YMCA did not reach this number of signups until April, Golz said.

“Last year, parents were scrambling trying to find quality camps that still had availability, and a lot of them were left without many options," CEO of Meadowlands YMCA David Kisselback said. “By opening registration early, (and) expanding our programming, we’ve never seen such high demand."

In response to the demand increase, the YMCA added Field Station: Dinosaurs as a summer camp partner, as well as other off-site programs, which also allow the organization to provide more opportunities for children to learn over the summer, Meadowlands YMCA Senior Child Care Director Andrea Fernandez said.

Find out what's happening in Paramuswith free, real-time updates from Patch.

Off-sites are a 10-week "Brainiacs" camp in Moonachie and an 8-week camp at a Hudson County high school, which will together accommodate 245 more children.

Field Station: Dinosaurs, alone, will add four weeks of educational programming for 60 more children, and will allow campers to experience fossil digs, a paleontology lab, and shows with life-sized animatronic dinosaurs.

"As the dad of a kindergartner, I know how hard it is to find a great camp you can trust," Guy Gsell, Executive Producer at Field Station: Dinosaurs, said. "To combine the experience of the YMCA with the fun and learning of Field Station: Dinosaurs is every parent's dream. We're taking campers 65 million years back in time to play, laugh and, most importantly, to learn from the dinosaurs. "

Located in Bergen County's Overpeck Park, Field Station: Dinosaurs opens to the public on May 27, with the YMCA camp running from July 24 to Aug. 18.

Taconic Capital Advisors LP Raises Stock Position in Alexander's, Inc. (NYSE:ALX)

Taconic Capital Advisors LP raised its stake in Alexander's, Inc. (NYSE:ALX - Get Rating) by 7.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned ...

Taconic Capital Advisors LP raised its stake in Alexander's, Inc. (NYSE:ALX - Get Rating) by 7.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 152,600 shares of the real estate investment trust's stock after buying an additional 10,300 shares during the period. Alexander's comprises about 1.0% of Taconic Capital Advisors LP's investment portfolio, making the stock its 7th biggest position. Taconic Capital Advisors LP owned 2.99% of Alexander's worth $31,887,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. State of Alaska Department of Revenue increased its holdings in shares of Alexander's by 5.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 1,068 shares of the real estate investment trust's stock worth $222,000 after buying an additional 53 shares during the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of Alexander's by 11.9% in the 1st quarter. Great West Life Assurance Co. Can now owns 856 shares of the real estate investment trust's stock worth $232,000 after buying an additional 91 shares during the last quarter. Martingale Asset Management L P increased its holdings in shares of Alexander's by 4.3% in the 2nd quarter. Martingale Asset Management L P now owns 2,431 shares of the real estate investment trust's stock worth $541,000 after buying an additional 100 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Alexander's by 7.0% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 1,785 shares of the real estate investment trust's stock worth $397,000 after buying an additional 116 shares during the last quarter. Finally, Penserra Capital Management LLC increased its holdings in shares of Alexander's by 9.8% in the 3rd quarter. Penserra Capital Management LLC now owns 1,342 shares of the real estate investment trust's stock worth $280,000 after buying an additional 120 shares during the last quarter. Institutional investors own 33.94% of the company's stock.

Wall Street Analysts Forecast Growth

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Separately, Piper Sandler upped their price objective on shares of Alexander's to $160.00 in a research note on Friday, November 4th.

Alexander's Trading Down 0.3 %

Shares of Alexander's stock traded down $0.67 during trading on Friday, reaching $221.63. The company's stock had a trading volume of 1,684 shares, compared to its average volume of 7,762. Alexander's, Inc. has a 52-week low of $200.96 and a 52-week high of $266.43. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 19.76 and a beta of 0.74. The firm's 50-day moving average is $227.04 and its two-hundred day moving average is $230.53. The company has a quick ratio of 12.58, a current ratio of 12.58 and a debt-to-equity ratio of 4.61.

Alexander's Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 10th. Stockholders of record on Monday, January 30th were paid a $4.50 dividend. The ex-dividend date was Friday, January 27th. This represents a $18.00 dividend on an annualized basis and a dividend yield of 8.12%. Alexander's's dividend payout ratio (DPR) is 160.00%.

Alexander's Profile

(Get Rating)

Alexander's, Inc is a real estate investment trust company, which engages in leasing, managing, development and redeveloping its properties. Its operating properties are located in the greater New York City metropolitan area. The company was founded on May 16, 1955 and is headquartered in Paramus, NJ.

See Also

Want to see what other hedge funds are holding ALX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alexander's, Inc. (NYSE:ALX - Get Rating).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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Jim Harbaugh shares why he hired Chris Partridge back to Michigan football

ANN ARBOR, Mich. — The prodigal son returned after a walk down into SEC country, and just in time for spring ball.While it had seemed as if Michigan football was set with its coaching staff, with only one coach moving on with the dismissal of quarterbacks coach Matt Weiss, the Wolverines had something of a late surprise, replacing linebackers coach George Helow with former recruiting coordinator, linebackers coach, safeties coach, and special teams coordinator Chris Partridge. Partridge departed the program afte...

ANN ARBOR, Mich. — The prodigal son returned after a walk down into SEC country, and just in time for spring ball.

While it had seemed as if Michigan football was set with its coaching staff, with only one coach moving on with the dismissal of quarterbacks coach Matt Weiss, the Wolverines had something of a late surprise, replacing linebackers coach George Helow with former recruiting coordinator, linebackers coach, safeties coach, and special teams coordinator Chris Partridge. Partridge departed the program after the 2019 season to become the co-defensive coordinator at Ole Miss. He had the sole responsibilities in Oxford overseeing the defense this past year, but he became a casualty after a disappointing season there. However, he returned to where his college coaching career started with Harbaugh bringing him back as linebackers coach.

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But why make the move? Harbaugh says it was a no-brainer.

“It would be pretty, pretty obvious,” Harbaugh said. “We think he’s a great coach, and was when he was here. Trusted agent, known friend. Just thought that was something that would really help our team.”

What is it that Harbaugh feels Partridge does though that helps the team? He gave a relatively basic answer, but says he really appreciates the holistic element of his coaching style.

“Tremendous people skills, great work ethic, football knowledge and he is somebody that is literally always trying to get better as a coach, as a teacher,” Harbaugh said. “Just attacks everything with just a high level of enthusiasm in every way.”

What’s more, Partridge is known as a voracious recruiter, having been responsible for some of the Wolverines’ top pledges over the years, including former No. 1 overall recruit Rashan Gary, whom Partridge coached at Paramus (N.J.) Catholic before coming to Ann Arbor. But Gary isn’t the only top-flight prospect he reeled into the maize and blue, as Partridge was regularly among the top recruiters in the Big Ten, if not the country.

That said, what makes him such a good recruiter out on the trail?

“He’s just so passionate about it, he cares so much,” Harbaugh said. “Going back to the time when he was here, the comments that come back from the families, especially, just how much they trust Chris, because it’s daily, weekly, monthly, yearly. He just invests just like it’s like his own family. So just that tremendous passion, how much he cares. Really, I think everybody that he’s associated with just knows that, senses that and then he (emanates) it.

“And then it’s not just over those months that he’s recruiting somebody. It’s while they’re here and it becomes a lasting, trusting friendship with Chris And just the amount of comments I’ve had from, from parents, families, where he’s part of the family, he becomes part of the family. I mean, that’s what you’re looking for. That’s the kind of coach I want around our players, around our program.”

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