• bitcoinBitcoin(BTC)$79,674.00-0.24%
  • ethereumEthereum(ETH)$2,495.44-0.33%
  • tetherTether(USDT)$1.00-0.01%
  • binancecoinBNB(BNB)$746.28-2.14%
  • rippleXRP(XRP)$1.41-1.08%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • solanaSolana(SOL)$105.05-0.73%
  • tronTRON(TRX)$0.3366551.10%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.060.00%
  • zcashZcash(ZEC)$1,192.454.44%
  • HyperliquidHyperliquid(HYPE)$86.18-0.57%
  • dogecoinDogecoin(DOGE)$0.089606-1.06%
  • RainRain(RAIN)$0.016672-2.67%
  • moneroMonero(XMR)$533.91-4.22%
  • USDSUSDS(USDS)$1.000.02%
  • chainlinkChainlink(LINK)$13.067.45%
  • whitebitWhiteBIT Coin(WBT)$73.46-0.30%
  • leo-tokenLEO Token(LEO)$9.25-0.89%
  • cardanoCardano(ADA)$0.218844-1.09%
  • stellarStellar(XLM)$0.1921513.13%
  • bitcoin-cashBitcoin Cash(BCH)$256.34-1.41%
  • daiDai(DAI)$1.000.00%
  • Ethena USDeEthena USDe(USDE)$1.00-0.01%
  • CantonCanton(CC)$0.1099140.43%
  • uniswapUniswap(UNI)$6.97-1.22%
  • USD1USD1(USD1)$1.000.00%
  • litecoinLitecoin(LTC)$54.370.14%
  • the-open-networkGram (prev. Toncoin)(GRAM)$1.42-0.33%
  • hedera-hashgraphHedera(HBAR)$0.080859-0.82%
  • avalanche-2Avalanche(AVAX)$7.802.00%
  • suiSui(SUI)$0.80-0.14%
  • Global DollarGlobal Dollar(USDG)$1.000.00%
  • shiba-inuShiba Inu(SHIB)$0.000005-0.36%
  • nearNEAR Protocol(NEAR)$2.418.62%
  • paypal-usdPayPal USD(PYUSD)$1.00-0.01%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • crypto-com-chainCronos(CRO)$0.0574090.92%
  • tether-goldTether Gold(XAUT)$4,392.19-0.75%
  • Circle USYCCircle USYC(USYC)$1.140.00%
  • MemeCoreMemeCore(M)$1.162.72%
  • BittensorBittensor(TAO)$272.1314.15%
  • Ripple USDRipple USD(RLUSD)$1.000.01%
  • okbOKB(OKB)$112.75-2.26%
  • Ondo US Dollar YieldOndo US Dollar Yield(USDY)$1.150.03%
  • mantleMantle(MNT)$0.6510.30%
  • AsterAster(ASTER)$0.78-2.05%
  • aaveAave(AAVE)$133.73-0.60%
  • pax-goldPAX Gold(PAXG)$4,395.12-0.82%
  • OndoOndo(ONDO)$0.3822662.47%
  • World Liberty FinancialWorld Liberty Financial(WLFI)$0.056724-0.10%
TradePoint.io
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop
No Result
View All Result
TradePoint.io
No Result
View All Result

Target’s Harlem store closure should be NYC ‘wakeup call’

September 27, 2023
in Business
Reading Time: 3 mins read
A A
Target’s Harlem store closure should be NYC ‘wakeup call’
ShareShareShareShareShare

Target’s decision to shutter its first Manhattan location amid rampant shoplifting should serve as a “wakeup call to city officials,” an industry expert said — and the retailer’s plans to open another store in the neighborhood have been delayed, The Post has learned.

YOU MAY ALSO LIKE

OPEC+ keeps oil output policy unchanged for October 

Lululemon billionaire founder Chip Wilson files for divorce after 20 years of marriage — with no prenup in place

The Minneapolis-based discount chain announced Tuesday it will close the E. 117th St. store  – along with eight other locations in Seattle, Portland, Ore., and San Francisco – on Oct. 21, citing the “safety” of its employees amid increasingly violent incidents of crime

“It’s a terrible result and hopefully serves as a wakeup call to city officials that this needs to be dealt with ASAP, otherwise there will be more to follow,” warned Jeffrey Roseman, vice chairman of real estate giant Newmark.

“The city has always been the mecca for retailers from across the world who wanted to be a part of the action. We can’t afford to let that slip away.”

Manhattan DA Alvin Bragg has been criticized for refusing to prosecute shoplifters, who have preyed on businesses since the pandemic.

The prosecutor noted that shoplifting complaints are down 14% in the borough this year after Target announced its decision.

Target opened its East Harlem store in 2010, after a decade of lobbying city officials and local leaders.
Brigitte Stelzer

State Assemblyman Eddie Gibbs, who represents East Harlem, called Target’s exit from his district a “setback.” 

“Whether (it’s) Target, CVS, Walgreens, Rite Aid, small mom-and-pop businesses, or other big-box retailers, retail stores are falling victim to petty crimes and shoplifting, which is reaching alarming levels,” the Democrat said in a statement to The Post. 

Shutting the E. 117th St. store, which employs some 200 workers, will leave a void in the community and force East Harlem residents to leave their neighborhoods to feed their families, Gibbs added.

“All East Harlemites deserve to live near convenient, affordable, healthy grocery stores,” he said. “Target served as an economic anchor for this community, providing invaluable and affordable food choices.”

Local leaders say that East Harlem residents will be forced to shop outside their neighborhood for groceries when the Target store closes on Oct. 21.
William Farrington

Gibbs’ concerns come as Target remained mum about opening a smaller outpost about a mile away at 121 W. 125th St. in a new mixed-use development that will include Trader Joe’s, Sephora and Pandora.

The store was scheduled to open last month but that has now been pushed back until early next year, multiple sources told the Post on Wednesday.

A rep for the 125th St. building’s developers said both Target and Trader Joe’s “are slated to open in the next few months.”

No signs for either store are up yet, although they are for Pandora and Sephora.

Target did not returned phone calls and emails on Wednesday.

Barbara Askins, chief executive of Harlem’s Business Improvement District, said she met with Target executives last week to discuss the upcoming 125th St. store. 

Barbara Askins is the CEO of the Harlem Business Improvement District.
Facebook/Barbara Askins

“I did not get the impression they are not coming,” she told The Post. “As far as I’m concerned we are still working together and we plan to invite them to the next meeting we have at the end of October.”

It’s not clear whether Target broke its lease at E. 117th St., a location it fought hard to secure for its grand opening in 2010, lobbying elected officials and wooing local residents as it sought to avoid the backlash Walmart experienced when it wanted to open a stores in the five boroughs. 

“This was a shock to me,” Askins said.

Target and Trader Joe’s will be anchor tenants at a new development on W. 125th St., according to this rendering.
Beyer Blinder Belle

The owner of Sylvia’s, the iconic southern comfort food eatery on Malcom X Blvd., said leaving East River Plaza for W. 125th St. makes more sense because there’s more foot traffic.

The block between Malcolm X and Adam Clayton Powell boulevards boasts major retailers including Whole Foods, Marshall’s and H&M and the new Studio Museum in Harlem is nearly completed.

“It’s the most central part of Harlem and possibly a better location,” said K. De ’Sean Woods, the grandson and chief executive of the eatery’s namesake.

Credit: Source link

ShareTweetSendSharePin

Related Posts

OPEC+ keeps oil output policy unchanged for October 
Business

OPEC+ keeps oil output policy unchanged for October 

September 6, 2026
Lululemon billionaire founder Chip Wilson files for divorce after 20 years of marriage — with no prenup in place
Business

Lululemon billionaire founder Chip Wilson files for divorce after 20 years of marriage — with no prenup in place

September 6, 2026
Marmalade Cafe files for Bankruptcy after closing Calabasas location
Business

Marmalade Cafe files for Bankruptcy after closing Calabasas location

September 5, 2026
Lululemon shares plunge 18% as retailer slashes outlook ahead of CEO handoff
Business

Lululemon shares plunge 18% as retailer slashes outlook ahead of CEO handoff

September 4, 2026
Next Post
How Instagram and Mobile Ads Boost Facebook’s Earnings

How Instagram and Mobile Ads Boost Facebook's Earnings

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
Trump hosts World Series Champion Dodgers at White House

Trump hosts World Series Champion Dodgers at White House

September 6, 2026
Bodycam shows Tony Romo being arrested on suspicion of impaired driving

Bodycam shows Tony Romo being arrested on suspicion of impaired driving

August 31, 2026
Europe targeted by spiralling campaign of sabotage and Russia is the chief suspect – BBC

Europe targeted by spiralling campaign of sabotage and Russia is the chief suspect – BBC

September 4, 2026

About

Learn more

Our Services

Legal

Privacy Policy

Terms of Use

Bloggers

Learn more

Article Links

Contact

Advertise

Ask us anything

©2020- TradePoint.io - All rights reserved!

Tradepoint.io, being just a publishing and technology platform, is not a registered broker-dealer or investment adviser. So we do not provide investment advice. Rather, brokerage services are provided to clients of Tradepoint.io by independent SEC-registered broker-dealers and members of FINRA/SIPC. Every form of investing carries some risk and past performance is not a guarantee of future results. “Tradepoint.io“, “Instant Investing” and “My Trading Tools” are registered trademarks of Apperbuild, LLC.

This website is operated by Apperbuild, LLC. We have no link to any brokerage firm and we do not provide investment advice. Every information and resource we provide is solely for the education of our readers. © 2020 Apperbuild, LLC. All rights reserved.

No Result
View All Result
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop

© 2023 - TradePoint.io - All Rights Reserved!