SECAUCUS, N.J. (AP) - The Children's Place Retail Stores says it expects to close 125 underperforming stores through 2016 as part of its efforts to improve its profitability. The retailer also reported disappointing quarterly revenue and gave a dismal forecast. The Secaucus company said that its net income fell 18 percent to $15.7 million, or 69 cents per share, for the quarter that ended February 1st.
NEWARK, N.J. (AP) - United Airlines has opened its new widebody aircraft maintenance hangar at Newark Liberty International Airport. Airline officials say the new $35 million facility expands United's maintenance capability for widebody aircraft by 33 percent at the airport in northern New Jersey. It also will help support United's fleet of 787st.
FRAMINGHAM, Mass. (AP) - Staples will close 225 stores by the end of next year and the office-supply retailer is initiating a plan to save about $500 million annually by 2015. The Massachusetts company says nearly half of its sales are now generated online, so it will aggressively cut costs to become more efficient. The closings, all in North America, will help the company meet its pre-tax savings goal. Staples has 84 stores in New Jersey.
ALLENTOWN, Pa. (AP) - Lehigh Valley Dairy is voluntarily recalling orange juice because it may contain milk, a common allergen. The Food and Drug Administration said the recall affects multiple brands distributed to both retail and food-service locations in Pennsylvania, New Jersey, Delaware, Maryland, Virginia, West Virginia and Washington, D.C. The affected brands and sizes are Lehigh Valley half pints, half gallons and gallons; Swiss Premium half gallons and gallons, and Price Chopper gallons
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