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JCPenney

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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
Central Jersey Mall To Open First New Store Amid $500M Redevelopment Central Jersey Mall To Open First New Store Amid $500M Redevelopment
Central Jersey Mall To Open First New Store Amid $500M Redevelopment The first store at a revamped Monmouth Mall is about to open, officials said. The new Barnes & Noble location in Eatontown will open on Wednesday, Nov. 20, the bookstore chain said in a news release. The previous store closed about two weeks before the new location's opening. The new space is a few hundred yards away from Macy's. "We are very pleased to be opening this beautiful new bookstore here in Eatontown," Barnes & Noble CEO James Daunt said. "The Eatontown booksellers have gone above and beyond to have this new space ready so soon after closing the previous location, and jus…

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by Chris Spiker