Aldi building 2nd Long Island store in Lake Grove
The German food giant Aldi is building its second Long Island store in Lake Grove, which it plans to open next April. The food retailer will replace about half – 19,000 square feet – of the former...
View ArticleSystemax lawsuit claims ex-execs stole millions
A lawsuit filed in Florida by the parent of CompUSA and Circuit City claims former executives and vendors stole millions of dollars from the company. The lawsuit was filed by Port Washington-based...
View ArticleSystemax attorneys fight patent trolling suits
It’s called trolling – buying up patents, then serially suing alleged infringers as your business model. The practice is a growing headache for companies like Port Washington-based Systemax, a Fortune...
View ArticleBest Buy to cut costs, close 50 big box stores
Best Buy Co. said it plans to close 50 U.S. big box stores and open 100 small mobile locations in the U.S. in fiscal 2013 and cut $800 million in costs by fiscal 2015. The news came Thursday as the...
View ArticleMall at the Source nearly empty
Known as Simply Cell for nearly six years, Chris Depardieu recently changed the name of his struggling mobile phone accessories kiosk to try and change its luck. It didn’t work. Now called Street Talk,...
View ArticleLong Island retail rents, occupancy rebound
Though pummeled in the last four years by store closings, consolidation and the exodus of big national chains like Circuit City and Borders, retail real estate on Long Island has been quietly making a...
View ArticleLI big boxes hard to fill
Landlords of larger retail spaces are finding it tough to lease them because there are few takers from a shrinking pool of possible tenants.
View ArticleEx-Systemax executive barred as officer in deal
The Securities and Exchange Commission announced the settlement Monday with Gilbert Fiorentino, who was a director of Systemax, headquartered in Port Washington.
View ArticleRetailer Circuit City’s website going away
Systemax Inc. has announced it is merging the CircuitCity.com website with its TigerDirect.com e-commerce brand.
View ArticleQ&A: Gregg Richard, P.C. Richard & Son
Gregg Richard is president of P.C. Richard & Son and a member of a family whose firm employs 2,967 and operates 66 stores and three distribution centers.
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