Tag: American

American Dream sours for owners of US mega-mall amid ‘significant’ cash crisis | Retail industry

The owner of the American Dream, the mega-mall in New Jersey once billed as the future of retail, has put up nearly half of the ownership of its two largest malls to stay in business.

In March last year, just five months after it opened, American Dream was forced to shut its doors as Covid-19 surged in the US. It stayed closed until October, when some of its attractions and stores reopened.

The 3m-sq-ft mall was regarded as a litmus test for the future of brick-and-mortar shopping at a time when Amazon and online retail are taking an ever

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2nd STREET USA, Inc., to Open Fourth American Store in Torrance, Los Angeles, California, on January 25, 2020

NAGOYA, Japan–()–2nd STREET USA, a subsidiary of GEO Holdings Corporation (TOKYO: 2681), is set to open its fourth US store, 2nd STREET Torrance, in Torrance, a city within Los Angeles County, California, on January 25, 2020.

2nd STREET USA, Inc., buys and sells second hand clothing and accessories. The first US store was opened in January 2018 on Melrose Avenue in Los Angeles, California. In the same year, the second US store opened in Old Pasadena in June, and the third location opened in Costa Mesa in Orange County in July.

The store about to open, 2nd

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Inside New Jersey’s American Dream mall, as it reopens

Shut for nearly seven months because of the coronavirus pandemic, the American Dream megamall in New Jersey reopens Thursday. 

It marks the first day that the 3-million-square-foot complex, nearly two decades in the making, will finally offer retail stores, including like Zara, Lush, American Eagle and Aritzia. Attractions like a DreamWorks Water Park, Nickelodeon Theme Park, Angry Birds mini golf, an indoor ski slope and an ice rink will be open for business again.

American Dream has experienced numerous setbacks, including delayed openings, in the course of its history under various owners. The first wave of retail

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American Dream reopens, putting Triple Five’s strategy to the test

American Dream megamall and entertainment complex in East Rutherford, N.J. After more than 17 years in the making, it finally opened October 25, 2019. Then came the coronoavirus pandemic.

Timothy A. Clary | AFP | Getty Images

It was March 16 — just three days ahead of the grand opening of dozens of retail stores at the American Dream megamall in New Jersey — when the 3-million-square-foot complex shut down due to the coronavirus pandemic. 

Ongoing construction was halted. Attractions, like a Nickelodeon Theme Park that opened in the fall and an indoor ski slope that opened during the winter,

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American Dream Mall CEO says people ready to ‘get out of their home’

The coronavirus pandemic has kept Americans cooped up in their homes long enough, and American Dream Mall co-CEO Mark Ghermezian told FOX Business Network Monday people are ready to get out, do some shopping and have some fun.

“We reopened Oct. 1 with a big bang,” Ghermezian told “Cavuto: Coast to Coast“. “When people come here, they’re looking to get out of their home and we’re playing a core part in the staycation – what

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