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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 …
Gen Z Leads Black Friday Frenzy At Garden State Plaza, Smashing Sales Records
Shoppers flocked to the Westfield Garden State Plaza this Black Friday, making it the mall's most successful event since 2018, mall officials said.
The center opened its doors at 7 a.m. on Friday, Nov. 29, but eager crowds had already formed long lines outside popular stores like UGG, Sephora, Lululemon, Aritzia, and Macy’s, according to Wesley Rebisz, senior general manager of Westfield Garden State Plaza.
Extended hours, from 7 a.m. to 11 p.m., gave shoppers more time to score deals, with the mall remaining packed well past 9 p.m.
Rebisz attributed the record turnout to effective promoti…
