Corporate headquarters Paramus was home to the America regional headquarters of
Hanjin Shipping, located on the eastbound side of Route 4 before it declared bankruptcy in 2017.
Hudson City Bancorp had its headquarters located at West 80 Century Road until its acquisition by
M&T Bank, which was completed in 2015.
Movado Group Inc. is a watchmaker with its headquarters on From Road. Suez North America, founded as Hackensack Water Company in 1869 and later named United Water, is an American water service company headquartered in Paramus.
Coach USA is a large tour operator with its headquarters in Paramus, at the offices of its
Community Coach subsidiary.
Kristian Regale is a non-alcoholic beverage company based in Paramus. Paramus was the former headquarters location for
Toys "R" Us before the company relocated to
Wayne in 2002 and went bankrupt. Paramus was also the headquarters of
Magic Solutions, a defunct computer software company that specialized in help desk automation and asset management software.
Malls Paramus is known for its multitude of stores and malls. It has five major indoor shopping centers, serving residents in the areas of Bergen County and
Passaic County in New Jersey and
Rockland County in
New York. New Jersey does not levy a
sales tax on clothes and shoes, which makes it an attractive shopping destination for people even further away in
New York City, who pay sales tax on clothing items above $110 in price, in addition to the lower standard rate of 6.625% in New Jersey, compared to 8.875% in New York City. The borough is one of the largest shopping destinations in the country, generating over $6 billion in annual retail sales, more than any other
ZIP Code in the United States despite the county's blue laws. On Route 4, are
Bergen Town Center (known as the Bergen Mall until 2006), Paramus Place and The Shoppes on IV. On Route 17, are
Paramus Park, Paramus Towne Square, Paramus Design Center, and the
Fashion Center. Many national chain stores have at least one location in Paramus.
Nordstrom's Paramus location was its first New York–area store when it opened in September 1990, with strong sales volume. There are 25 retailers that occupy multiple stores in Paramus, including
Macy's, which had outlets in three malls for a period of time. Some retail analysts view Paramus as being two distinct markets, centered on the two major highways.
Lord & Taylor had locations at both Westfield Garden State Plaza and Fashion Center, giving Paramus the distinction of being the only town with more than one Lord & Taylor location. However, by 2021, both locations closed, due to the company's bankruptcy from the
COVID-19 pandemic.
Toys "R" Us had two locations: at the Fashion Center, and at a location on the eastbound side of
Route 4 near Forest Avenue. Paramus also housed a
Babies "R" Us on the northbound side of
Route 17, but it closed in 2018. Later that year, the
Fashion Center and Route 4 Toys "R" Us locations both closed due to the company's bankruptcy. In 1983, Paramus was the location of one of the first
Kids "R" Us stores. When Toys "R" Us was revived in 2019 after emerging from bankruptcy, the first new Toys "R" Us store opened at
Garden State Plaza on November 27, 2019. However, it closed again on January 26, 2021, as a result of financial losses caused by the COVID-19 pandemic.
Blue laws In addition to the state
blue laws that apply to all of Bergen County, Paramus has even stricter restrictions, preventing stores selling non-food items from opening at all on Sundays. These laws were enacted shortly after Garden State Plaza opened, out of fear that the mall would cause high levels of
congestion in the borough. It is one of the last places in the United States to have such an extensive blue law. This law was called into question when a
BJ's Wholesale Club opened at the junction between Routes 4/17. BJ's was allowed to open on Sundays, but is only allowed to sell food and basic necessities. The store has been structured to restrict access to items that cannot be purchased on Sunday. Local blue laws in Paramus were first proposed in 1957, while the
Bergen Mall and
Garden State Plaza were both under construction. The legislation was motivated by fears that the two new malls would increase the already-severe highway congestion caused by local retail operations along the borough's highways. More than 63% of Bergen County voters rejected a referendum on the ballot in 1993 that would have repealed the county's blue laws, though the Paramus restrictions would have remained in place. An unsuccessful 2010 proposal by
Governor of New Jersey Chris Christie would have ended the state's blue laws, now only enforced in Bergen County, with the governor citing industry estimates that the $1.1 billion in added retail revenue on Sundays would generate an additional $65 million in sales taxes for the state. In November 2012, Governor
Chris Christie issued an executive order temporarily suspending the blue laws in both Bergen County and Paramus due to the effects of
Hurricane Sandy, a decision that was upheld despite a court challenge by the Borough of Paramus. The blue law suspension was in effect on Sunday, November 11, but was back in effect the following Sunday.
Timeline of malls and shopping centers • 1957 – Garden State Plaza was built by Muscarelli Construction Company on at the intersection of Routes 4 and 17. • 1957 – The Bergen Mall was built on on an area east of the Plaza on Route 4. • 1963 – Paramus Place was built on the north side of Route 4 across from Bergen Mall. • 1967 – The Fashion Center was built on a site of old celery farms, aimed at quality-oriented shoppers by developer
Associated Dry Goods, with a
Lord & Taylor and a
B. Altman as anchors and 25 other retailers sandwiched in between The owners originally referred to its location as being in Ridgewood/Paramus to appeal to the Ridgewood population. • 1972 – The 35 Plaza Shopping Center is built on Route 4, just located 2 minutes away from Paramus Place. • 1974 – Paramus Park was built by the Rouse Company, offering a
gross leasable area of . The most recent of the large centers was built on in the middle of an area where the old farms were located. • 1986 – The Shoppes on IV opened up and was built on in the westbound area of Route 4. • 1998 – The Paramus Towne Square opened up and was built on the north side of Route 17. • 2003 –
IKEA opens a store, its second-largest location in North America, at the intersection of Routes 4 and 17 on the site of the old
Alexander's department store. It was joined the next year by three other retailers,
Bed Bath and Beyond,
Christmas Tree Shops, and
Sports Authority to form a shopping center with a combined
gross leasable area of . However, when Sports Authority went out of business in 2016, the store was closed. Bed Bath and Beyond and Christmas Tree Shops both followed suit when their businesses went defunct in 2023, leaving IKEA the only open business left. • 2015 – The Paramus Design Center opens up on the northbound side of Route 17. • 2018 – The Paramus Crossroads shopping center, located on the southbound side of Route 17, officially opened in summer 2018. Due to the stricter version of the blue laws in Paramus, malls (and almost all retail establishments) in the borough are closed on Sunday except for restaurants and other exempted establishments. Stores may not open before 7:00 am or remain open after 11:00 pm. ==Arts and culture==