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Plano, TX

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
Macy's Store In Area Scheduled For Closure Macy's Store In Area Scheduled For Closure
Macy's Store In Area Scheduled For Closure Macy's fans will soon have one less store to shop at when one of its locations in the area closes its doors early next year. The decision to close the location in Rockland at the Shops at Nanuet was made following a review of the company's holdings. “Macy’s, Inc. has been reviewing its real estate portfolio across the country to see if there are opportunities to improve the use of our assets," said Emily Hawkins, director for Macy's Northeast Media Relations. "After careful consideration, Macy’s has decided to close the Nanuet, NY, store in early 2019." A clearance sale will begin in mid-J…

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by Kathy Reakes