Raymour & Flanigan keeps Secaucus plans despite economy… The Children’s Place, still leaving town with scores of jobs, has a decent month… New West looks west from County Ave…
Opening for Biz: Raymour & Flanigan, the furniture retailer, said it is undeterred by the economic slump and will open a dozen new stores as planned.
That includes a planned Secaucus location resulting from its buyout of leases from Linens N’ Things, which closed late last year. R&F will open in late summer or fall.
Not So Bad? Secaucus-based clothing retailer The Children’s Place, which dropped a bombshell on the town last month when it said its e-commerce unit and 350 Secaucus jobs were leaving, said sales were off by only one percent for February compared with the same period of ’08. That’s good news in the retail space these days.
Same-store sales, a key measure in retail, were down nearly four percent, but that beat Wall Street expectations. E-commerce sales jumped 50 percent during the month.TCP said in its earnings news release that it didn’t close any stores in February, but it didn’t mention the e-commerce unit move, which is headed for Alabama.
Looking West: Advertising and design firm New World Group, based at 500 County Ave., is expanding with a West Coast office.
Owner and creative director Chris Seriale said his 14-year-old company is now a $20M printing, marketing, advertising and web design business. Clients include Capitol Music Group, Sony Pictures and the NY Giants. It has a 35K-square-foot space in Secaucus.
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