Penney Intermediate Holding reported its JCPenney operations turned to a loss in the second quarter as traffic remained slow. Net loss was $33 million versus net income of $36 million in the year-previous quarter. Comparable sales slipped 7.7% in the quarter year over...
Real estate investment trust and JCPenney owner Simon Property Group is launching a new nationwide campaign to highlight the shopping mall’s continuing cachet as a go-to destination for consumers across generations in the United States. Dubbed “Meet Me...
Shein has struck a deal with Sparc Group Holding, a collaboration between JCPenney owner Simon Property and the Authentic Brands Group, in which it will acquire a one-third interest in Sparc, which itself takes a minority interest in Shein. Sparc includes a number of...
In the second quarter, mall and brand operator Simon beat Wall Street estimates even as its JCPenney business acted as a slight drag, but only after a stronger past performance. Company net income was $496.7 million, or $1.51 per diluted share, Simon stated, versus...
The first Wayfair banner brick-and-mortar retail store will open near Chicago in Wilmette, Ill., the municipality announced. Wayfair stated that it would have no comment on the store plan and directed HomePage News to the Village of Wilmette website and announcement....
