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JCPenney

Business
Mall Brand Merger: JCPenney Unites With Forever 21, Aeropostale, Brooks Brothers Operator Mall Brand Merger: JCPenney Unites With Forever 21, Aeropostale, Brooks Brothers Operator
Mall Brand Merger: JCPenney Unites With Forever 21, Aeropostale, Brooks Brothers Operator JCPenney is merging with a company that owns several other retailers that have also struggled as malls have declined in popularity across the U.S. The 123-year-old department store chain and SPARC Group have combined to form Catalyst Brands, the new company said in a news release on Wednesday, Jan. 8. SPARC Group is the operator of stores including Aéropostale, Brooks Brothers, Eddie Bauer, Forever 21, Lucky Brand, and Nautica. Former JCPenney CEO Marc Rosen will become the CEO of Catalyst Brands, which boasts more than $9 billion of revenue and about 60,000 employees at …

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by Chris Spiker
Business
Nearly 50K Massage Guns Sold Nationwide Recalled Due To Fire, Burn Hazards Nearly 50K Massage Guns Sold Nationwide Recalled Due To Fire, Burn Hazards
Nearly 50K Massage Guns Sold Nationwide Recalled Due To Fire, Burn Hazards Nearly 50,000 massage guns sold at major retailers across the country are being recalled due to more than a dozen reports of overheating and a burn injury. The US Consumer Product Safety Commission (CPSC) announced this week that Homedics is recalling tens of thousands of personal massagers that ca overheat while charging, leading to a report of fire or burn risk.  In total, approximately 46,000 are being recalled in the US, and another 41,000 in Canada, according to federal officials. The recall includes "HoMedics Therapist Select Massagers" with model number HHP-715 and a 120 VAC, 6…

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by Zak Failla
Police & Fire
JCPenney Employee Nabbed In Trumbull For Larceny Is Wanted Sex Offender, Police Say JCPenney Employee Nabbed In Trumbull For Larceny Is Wanted Sex Offender, Police Say
JCPenney Employee Nabbed In Trumbull For Larceny Is Wanted Sex Offender, Police Say A JCPenney employee charged with larceny in Fairfield County was wanted out of state for sex crimes against children. During the arrest on Saturday, Oct. 28, Trumbull Police found that Joshua Jaheem Bell, age 18, of Bridgeport also had an outstanding extraditable arrest warrant for sex crimes against children in Colorado. The incident began around 3 p.m. Saturday, at the Trumbull Mall, police were called to investigate an employee theft of $250 and Bell had previously stolen over $4,500 in the past, said Lt. Brian Weir, of the Trumbull Police. Investigating officers learned that …

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by Kathy Reakes
Police & Fire
Shoplifter Nabbed For Threatening Guard With Knife At Trumbull Mall, Police Say Shoplifter Nabbed For Threatening Guard With Knife At Trumbull Mall, Police Say
Shoplifter Nabbed For Threatening Guard With Knife At Trumbull Mall, Police Say A 41-year-old man was caught on a city bus after allegedly brandishing a knife to aid his escape for shoplifting at the Trumbull Mall. Jonathan Sierra, age 41, was apprehended by Trumbull police on Thursday, March 16. At about 4:00 p.m., the Trumbull police were notified of a robbery involving Sierra who pulled a knife on JCPenney loss prevention officers while they were attempting to detain him for shoplifting from the store, said Lt. Brian Weir, of the Trumbull Police. JCPenney loss prevention officers spotted Sierra inside the store with an open empty bag and observe…

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by Kathy Reakes
Police & Fire
Suspect Nabbed For Robbery At Mall In Fairfield County Suspect Nabbed For Robbery At Mall In Fairfield County
Suspect Nabbed For Robbery At Mall In Fairfield County A man was arrested following his involvement in an alleged shoplifting incident that turned into a robbery at a mall in Fairfield County.  The incident took place around 1 p.m. in Trumbull at the Westfield Trumbull Mall. Howayne Mcintosh, age 35, of Bridgeport, was spotted by JCPenney security selecting various pieces of merchandise where he concealed the items under his oversized clothing, said Lt. Brian Weir, of the Trumbull Police Department. Security personnel attempted to apprehend Mcintosh who was cooperative at first but then became aggressive towa…

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by Kathy Reakes
Business
Target To Open At Danbury Fair Mall In Former Sears Location Target To Open At Danbury Fair Mall In Former Sears Location
Target To Open At Danbury Fair Mall In Former Sears Location A new Target store will be opening at the Danbury Fair Mall. It will take over the space formerly occupied by Sears, according to an announcement made on Tuesday, June 21 by Macerich, owns and operates the mall. The 126,000 square-foot two-level Target store will be the first in the City of Danbury. "Target coming to Danbury Fair is the latest anchor-replacement success for Macerich's A-quality portfolio of regional town centers," Macerich President Ed Coppola said. "The terrific merchandise mix and attractive demographics surrounding Danbury Fair make this property a great match…

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by Joe Lombardi
Business
JCPenney Offers Billions To Buy Rival Kohl's, Report Says JCPenney Offers Billions To Buy Rival Kohl's, Report Says
JCPenney Offers Billions To Buy Rival Kohl's, Report Says The owners of JCPenney are bidding to acquire rival Kohl’s, according to a new report. Shopping-mall owners Simon Property and Brookfield Asset Management have offered around $8.6 billion for Kohl's stores, the New York Post reports. Under the plan, JCPenney's parent company would maintain two separate brands and cut costs by $1 billion at Kohl’s over the next several years, the Post said, citing a source. After filing for bankruptcy in the spring of 2020, JCPenney was acquired by Simon Property Group and Brookfield Asset Management. With about 1,160 locations in every state except Hawaii…

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by Joe Lombardi