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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 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 …
NY Sex Assault Suspect, Armed Robber Arrested In Bergen Thanks To Brand-New Task Force
Two New York men wanted in separate violent crimes were tracked down last month in Bergen County, thanks to the county's newly-launched Crime Suppression Team, authorities said.
The first arrest was made on Saturday, Dec. 21, when members of the team identified 51-year-old Randolph R. Smith of Far Rockaway, NY, who was wanted in connection with an armed robbery that occurred in New York City, Bergen County Prosecutor Mark Musella said. Smith was spotted in the Ramsey area, and when confronted by the Crime Suppression Team, he provided a false name to investigators, Musella said.
He was…
