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JCPenney Reveals Locations Of 13 More Store Closures JCPenney Reveals Locations Of 13 More Store Closures
JCPenney Reveals Locations Of 13 More Store Closures JCPenney has revealed the locations of another 13 stores it will close permanently. Earlier this month, the community released a list of 154 stores nationwide that will close through the summer. The closures began in mid-June amid JCPenney's Chapter 11 bankruptcy filing. New closures include one JCPenney on Long Island -- located in Suffolk County in Bay Shore at the  South Shore Mall on Sunrise Highway. Farther north, a Hudson Valley JCPenney will close - located in Dutchess County at the Poughkeepsie Galleria on Route 9 (South Road). No other New York, New Jersey or Connectic…

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by Joe Lombardi
Business
JCPenney Announces 154 Stores Set To Close Through Summer JCPenney Announces 154 Stores Set To Close Through Summer
JCPenney Announces 154 Stores Set To Close Through Summer JCPenney has released a list of 154 stores nationwide that will close through the summer. The closures, beginning on Friday, June 12, include New York and Connecticut. Seven closures are scheduled in New York (all upstate) and one in Connecticut (at the Torrington Commons in Torrington). To view the complete list, click here. More closures will be announced in the coming weeks, JCPenney said. The company filed for bankruptcy on Friday, May 15 in the largest retail casualty of the novel coronavirus (COVID-19) pandemic. Founded in 1902, JCPenny has about 800 stores in the United…

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by Joe Lombardi
Business
Victoria's Secret, Bath & Body Permanently Closing Stores Nationwide Victoria's Secret, Bath & Body Permanently Closing Stores Nationwide
Victoria's Secret, Bath & Body Permanently Closing Stores Nationwide Victoria’s Secret will permanently close about 250 stores in the United States and Canada this year, parent company L Brands announced.  Ohio-based L Brands did not detail the closure locations, but there are 1,635 stores nationwide.  L Brands also announced that 51 Bath & Body Works stores in the U.S. and Canada will close this year.  The popular retail chain joins others in announcing permanent store closures in recent weeks including J.Crew, Neiman Marcus, JC Penney, Macy's and Pier 1, accelerated by the coronavirus pandemic.  L Brands said it is evaluating all …

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by Jon Craig
Business
COVID-19: JCPenney Plans To Permanently Close More Than 240 Stores COVID-19: JCPenney Plans To Permanently Close More Than 240 Stores
Covid-19: JCPenney Plans To Permanently Close More Than 240 Stores JCPenney, which filed for bankruptcy last week, now says it plans to close nearly one-third of its stores amid the novel coronavirus (COVID-19) pandemic. JCPenny will be left with about 600 stores after the planned 242 closures. Earlier report - COVID-19: JCPenney Files For Bankruptcy In Largest Retail Casualty Of Pandemic The retailer also says it is aiming to double its e-commerce business, which currently accounts for about 14 percent of its revenue. “The coronavirus (COVID-19) pandemic has created unprecedented challenges for our families, our loved ones, our communitie…

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by Joe Lombardi
Business
COVID-19: JCPenney Files For Bankruptcy In Largest Retail Casualty Of Pandemic COVID-19: JCPenney Files For Bankruptcy In Largest Retail Casualty Of Pandemic
Covid-19: JCPenney Files For Bankruptcy In Largest Retail Casualty Of Pandemic In the largest retail casualty of the novel coronavirus (COVID-19) pandemic, JCPenney has filed for bankruptcy. Founded in 1902, JCPenny has about 800 stores in the United States. “The coronavirus (COVID-19) pandemic has created unprecedented challenges for our families, our loved ones, our communities, and our country," said Jill Soltau, chief executive officer of JCPenney, in a statement released on Friday, May 15. "As a result, the American retail industry has experienced a profoundly different new reality, requiring JCPenney to make difficult decisions in running our business to pr…

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by Joe Lombardi
Business
COVID-19: Neiman Marcus Becomes First Department Store To File For Bankruptcy During Pandemic COVID-19: Neiman Marcus Becomes First Department Store To File For Bankruptcy During Pandemic
Covid-19: Neiman Marcus Becomes First Department Store To File For Bankruptcy During Pandemic High-end retailer Neiman Marcus became the first department store to file for bankruptcy amid the novel coronavirus (COVID-19) pandemic. The outbreak temporarily forced the closure of all 43 Neiman Marcus stores, as well as the company's Bergdorf Goodman stores and Last Call outlets, in late March. On Thursday, May 7, the company said in a statement that it has entered into a restructuring agreement with creditors that will allow it to "substantially reduce debt and position the company for long-term growth." No specific store closures have been announced. Neiman Marcus, whose headq…

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by Joe Lombardi
Business
COVID-19: Nordstrom Permanently Closing 16 Stores COVID-19: Nordstrom Permanently Closing 16 Stores
Covid-19: Nordstrom Permanently Closing 16 Stores Nordstrom has announced it plans to close 16 of its luxury department stores as it makes adjustments to its business model amid the novel coronavirus (COVID-19) pandemic. The company is also planning phased reopenings of its other 100 stores. Nordstrom did not list what locations are closing but said it will start contacting employees who are affected. It will also implement curbside pickup and returns and speed up digital services, CEO Erik Nordstrom said in a statement. Earlier story - COVID-19: Retailer J.Crew, With 450 Stores Throughout Nation, Files For Bankruptcy Nordstrom, ba…

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by Joe Lombardi
Business
COVID-19: Retailer J.Crew, With 450 Stores Throughout Nation, Files For Bankruptcy COVID-19: Retailer J.Crew, With 450 Stores Throughout Nation, Files For Bankruptcy
Covid-19: Retailer J.Crew, With 450 Stores Throughout Nation, Files For Bankruptcy Amid a plunge in sales during the novel coronavirus (COVID-19) pandemic, specialty retailer J.Crew has filed for bankruptcy. More Chapter 11 filings across the retail sector are expected in the coming weeks. J.Crew, which opened its first location in 1989, operates more than 450 stores throughout the United States. The company J.Crew, which was struggling financially before the pandemic hit, was acquired in 2011 by TPG Capital and Leonard Green & Partners for $3 billion. J.Crew said in a statement that it has filed a series of customary "first-day" motions with the Bankruptcy Cou…

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by Joe Lombardi