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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 …
City In Westchester Reveals Plans To Transform Downtown, Create 'Lively Retail Environment'
A city in Westchester has unveiled plans to redevelop its downtown with new shopping, dining, and entertainment, and create a new district.
In an announcement on Wednesday, Oct. 16, New Rochelle officials detailed its new Downtown Retail Strategy, which aims to create more bustling streets, job opportunities, and increased visitation to the city.
The plan includes the creation of the Vanguard District, which encompasses the area bounded by LeCount Place, Main Street, North Avenue, and Huguenot Street. The area will be a "vibrant hub" of retail, dining, and entertainmen…
