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Forever 21 Preparing To Close 200 More Stores As Bankruptcy Looms: Reports Forever 21 Preparing To Close 200 More Stores As Bankruptcy Looms: Reports
Forever 21 Preparing To Close 200 More Stores As Bankruptcy Looms: Reports Forever 21 may close at least 200 more stores and could shut down every location during a possible bankruptcy process, according to reports. Forever 21 is considering the closures and its US operator F21 OpCo. may declare bankruptcy as soon as March, Bloomberg News reported. This would be the fast-fashion chain's second bankruptcy filing in about six years. Unless a buyer acquires the remaining locations, the retailer could be forced to liquidate, shutting down its roughly 350 remaining stores. At its height, Forever 21 operated more than 500 US locations and at least 800 worldwid…

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by Chris Spiker
Police & Fire
Man Punches Tinton Falls Creep Recording Him, Gets An Apology In JCPenney Bathroom: Cops Man Punches Tinton Falls Creep Recording Him, Gets An Apology In JCPenney Bathroom: Cops
Man Punches Tinton Falls Creep Recording Him, Gets An Apology In JCPenney Bathroom: Cops A Central Jersey man has been charged with invasion of privacy after he was accused of using his cell phone to film another man in a restroom at the JCPenney department store in Wayne, authorities said. The incident occurred at the Wayne Towne Center store on Friday, Jan. 10, at approximately 1:30 p.m. when Wayne Police Officers Anthony Halko, John Nielsen, and Sergeant John Culic responded to reports of suspicious activity at the store, according to Detective Capt. Daniel Daly.  The victim told police he was in a bathroom stall when someone reached under the front door with a cell pho…

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by Cecilia Levine
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 US. 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
Monmouth Mall To Open First New Store Amid $500M Redevelopment Monmouth Mall To Open First New Store Amid $500M Redevelopment
Monmouth 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