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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 …
Mail Won’t Be Delivered Thursday, Jan. 9: Here's Why
The United States Postal Service will pause mail delivery and retail services on Thursday, Jan. 9, to honor the life and legacy of former President Jimmy Carter on a National Day of Mourning.
All post office locations will be closed for the day, following an executive order from President Joe Biden directing federal agencies to close as a mark of respect for Carter, the nation’s 39th president.
While regular mail services will be suspended, limited package delivery will continue, the USPS announced.
Carter, who died on Sunday, Dec. 29, at age 100 after nearly two years in hospice care, mad…
'Everything's Gone': Deadly LA Wildfires Destroy Hundreds Of Homes, Causing Apocalyptic Scenes
As wind-whipped wild fires spreading over thousands of acres ravage Los Angeles, many have shared their devastating experiences on social media, including a host of celebrities.
The first blaze erupted late Tuesday morning, Jan. 7, in the affluent Pacific Palisades neighborhood.
Since then, hundreds of homes have been reduced to ashes, entire neighborhoods destroyed, and thousands evacuated. Over 1,000 structures and 25,000 acres have been destroyed.
Panicked motorists abandoned vehicles in streets as they rushed to flee the inferno in apocalyptic scenes that seemed like something in…
Trump Eyes US Expansion Of Canada, Greenland, Panama Canal, New 'Gulf Of America'
President-elect Donald Trump unveiled sweeping plans for US territorial expansion in the Western Hemisphere during a news conference at Mar-a-Lago, his private club in Palm Beach, Florida.
He refused to rule out military action to retake the Panama Canal, proposed the acquisition of Greenland, and suggested economic measures to incorporate Canada into the United States. Leaders in all three countries swiftly condemned the remarks.
The remarks came during a news conference on Tuesday, Jan. 7, where Trump covered a wide range of topics, including his plans to reshape American energy pol…
Journalist Richard Cohen, Husband To Meredith Vieira, Dies After Half-Century MS Battle
Journalist and author Richard Cohen has died after inspiring countless people through his decades-long battle with MS and cancer.
Cohen, the husband of former TODAY anchor Meredith Vieira, died on Tuesday, Dec. 24, TODAY reported. The Plainview, New York, native was 76 years old.
A veteran reporter, Cohen lived with multiple sclerosis for more than 50 years and overcame two cancer diagnoses during his life. He was also legally blind.
Cohen, who worked for CBS News, was given his MS diagnosis in 1973.
"I was diagnosed when I was 25 years old and essentially told there is no…
