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Simon to see Prime Outlets in Jeffersonville, Ohio
New York City -- Simon Property Group is set to sell its newly bought Prime Outlets retail shops in Jeffersonville, Ohio, as part of a deal with federal regulators that required it to sell one of two Ohio properties, the Dayton Business Journal reported.
Simon, which bought the 22-site outlet arm of Prime Outlets Acquisition Co. last year for $2.3 billion, was required to sell either the Jeffersonville site or Cincinnati Premium Outlets in Butler County amid concerns that it would gain an anti-competitive advantage in the market.
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Metropark closing all stores
Boston -- Clothing and accessories retailer Metro Park has filed for bankruptcy and is closing all 69 stores nationwide.
The store closings and liquidations begin on May 6. Gordon Bros. Group and Hilco Merchant Resources are running the going-out-of business sales for the retailer.
Based in Los Angeles, Metro Park was founded in 2000. Specializing in upscale trendy fashions, Metro Park has been feeling the heat of increased competition from such fast-fashion retailers as H&M.