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 …
Stratford Woman Wins $50K In CT State Lottery
Connecticut Lottery announced five new Powerball winners who claimed $50,000 prizes.
CT Lottery announced the winners between Monday, Nov. 7, and Wednesday, Nov. 9.
The lottery said the following individuals claimed $50,000 prizes:
Dana Pniewski, of Stratford, who won a Powerball prize from a ticket purchased at Stratford Cigar & Smoke Shop
Samiha Julakha, Plano, Texas, who won a Powerball prize from a ticket purchased at Daily Mart in Ansonia
Sara Salamone, of Old Saybrook, who won a Powerball prize from a ticket purchased at Henny Penny Saybrook Sunoco in Old Saybrook
Gar…
