JCPenney

Sephora Plans 260 New Stores for 2021, Including 60 Freestanding Locations

Sephora is continuing its move away from malls with the announcement of the largest store expansion in its 21-year history in the…

Christopher & Banks Files for Chapter 11; Could Close All 450 Stores

Citing ongoing financial distress from the pandemic, specialty women’s apparel retailer Christopher & Banks has filed for Chapter 11 protection in the…

Brookfield Plans to Go Private in $5.9 Billion Deal

Brookfield Asset Management has proposed to take its mall operator arm private in a deal valued at $5.9 billion. The company plans…

JCPenney CEO Out; New Owners Start Executive Search

JCPenney CEO Jill Soltau has stepped down as the retailer’s new owners, Simon Property Group and Brookfield Asset Management, begin a search…

Long-Time Sephora Exec Will Succeed Reiff as Container Store CEO

Satish Malhotra, Chief Retail and Operating Officer at Sephora, will take the reins as CEO and President of The Container Store on…

JCPenney Completes Sale to Simon and Brookfield, Exits Bankruptcy

JCPenney has completed its previously announced sale to mall operators Simon Property Group and Brookfield Asset Management, which have acquired substantially all…

JCPenney Eyes $1.75 Billion Purchase By Brookfield And Simon Property

J.C. Penney Company has entered an agreement in principle to sell JCPenney to Brookfield Property Partners and Simon Property Group for $1.75…

JCPenney Lenders May Make Acquisition Bid After Other Talks Falter

JCPenney’s top lenders, including H/2 Capital Partners, are preparing to make a credit bid to own the retailer as a standalone company,…

Stein Mart Files For Chapter 11, Considers Closing All 281 Stores

In filing for bankruptcy protection, discount department store Stein Mart has raised the possibility of closing “a significant portion, if not all,…

WSJ Report: Amazon And Simon In Talks To Turn Vacant Mall Anchors Into DCs

Space vacated by JCPenney, Sears and other anchor retailers in Simon Property Group malls could be turned into Amazon distribution centers, according…

JCPenney Terminates 1,000 Corporate And International Employees

To right-size its executive ranks with 152 permanent store closings, JCPenney is eliminating approximately 1,000 workers in corporate and field management and international…

Macy’s Cuts 3,900 Corporate Jobs In Cost Restructuring Effort

Macy’s will reduce its corporate and management headcount by approximately 3,900 people as part of a cost restructuring expected to save approximately…