Fair 54°
Tag:

JCPenney

Business
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…

SHARE

by Chris Spiker
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 …

SHARE

by Chris Spiker
Police & Fire
Teen Hid Recording Device Inside Multiple Bathrooms Including Jersey City Mall: Prosecutor Teen Hid Recording Device Inside Multiple Bathrooms Including Jersey City Mall: Prosecutor
Teen Hid Recording Device Inside Multiple Bathrooms Including Jersey City Mall: Prosecutor An 18-year-old Jersey City resident was arrested and charged on Tuesday, Oct. 1 after police found he hid a recording device inside a public restroom at a local mall, authorities said. A woman discovered the black device while using the family restroom on the first floor of JCPenney at the Newport Mall, Hudson County Prosecutor Esther Suarez said.  The Hudson County Special Victims Unit investigated and identified Andy Cardenas as the person of interest, Suarez said. Multiple electronic/digital files were recovered from the recording device, which contained images from …

SHARE

by Sam Barron