Nobody Beats The Wiz?Half of all New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. The Wiz electronics stores will be closed over the next two months. Since many of the closures will leave corner sites vacant, retail brokers are already vying vy·ing v. Present participle of vie. vying vie for the listings. Only five Manhattan Wiz stores will remain open. The restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). plan was announced by parent company Cablevision Systems Corporation in July, though specific stores were not named at the time. Last year, the Wiz posted $679 million worth of revenues. Circuit City and Best Buy may be looking to buy some of the Wiz's larger sites, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. published reports. Crain's 's New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Business reported that the Wiz's most coveted cov·et v. cov·et·ed, cov·et·ing, cov·ets v.tr. 1. To feel blameworthy desire for (that which is another's). See Synonyms at envy. 2. To wish for longingly. See Synonyms at desire. sites are the Brooklyn stores on Flatbush Avenue across from King's Plaza and on 86th Street. All of the sites are located in shopping hubs. Five of the Wiz's seven Long Island stores will be closed; seven of its 14 stores in New Jersey will also be closed. The stores that will remain open in Manhattan are 555 Fifth Ave., 212 E. 57th St., 17 Union Square West, 2577 Broadway and 1534-1536 Third Ave. The Wiz recently hired a firm to sell the leases on these spaces. Wiz stores range in size from roughly 9,000 SF to over 40,000 SF. Thus any number of apparel, home goods and electronics retailers might seek the space. Best Buy is reportedly seeking four stores in Manhattan. It recently opened a 35,000 SF store in Chelsea on 23rd street and Sixth Avenue. Cablevision Systems Corp. bought Nobody Beats The Wiz for $80 million four years ago. At the time, the Wiz was operating under Chapter 11 protection. After buying the Wiz, Cablevision closed 17 locations and ended up with 36 stores throughout the region. "The store on Steinway Street in Queens and the other one on Main Street in Flushing are the two best locations. Plenty of people would be interested in these locations," said Barry Fishbach, executive vice president at Robert K Futterman store leasing. Fishbach speculates that drug stores, Modell's sporting goods Noun 1. sporting goods - sports equipment sold as a commodity commodity, trade good, good - articles of commerce sports equipment - equipment needed to participate in a particular sport and banks are some of the businesses that might consider leasing these spaces. Many of these spaces can be subdivided, said Fishbach. |
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