by Mike Duff | Feb 17, 2025 | Retail Articles
JCPenney is conducting what a spokesperson called isolated store closures affecting eight locations from Maryland to California through the middle of 2025. The store closures don’t suggest the company intends to shutter additional stores as it continues on its...
by Mike Duff | Jan 9, 2025 | Featured News, Retail Articles
JCPenney and SPARC Group combined to form a new enterprise, Catalyst Brands, in a merger that brings together a range of legacy fashion and retail brands. The merger highlights a brand portfolio that includes SPARC’s Aéropostale, Brooks Brothers, Eddie Bauer, Lucky...
by Mike Duff | Feb 6, 2024 | Retail Articles
Mall and outlet operator Simon Property Group made gains in the fourth quarter and noted in a conference call that JCPenney, which it helped buy out of bankruptcy, is trending toward operational improvement. For the fourth quarter, company net income was $747.5...
by Mike Duff | Aug 30, 2023 | Retail Articles
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...
by Mike Duff | Aug 2, 2022 | Retail Articles
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...
