Stephen Ross, chairman of Related Cos., said bankruptcy could be the future for many retailers as the effects of the pandemic continue to play out....
As it mulls a potential bankruptcy filing, JCPenney is in discussions with lenders to secure funding of $450 million. The debtor-in-possession (DIP) financing would make...
Trade wars leave casualties on the economic battlefield, wounding balance sheets and earnings as the costs to import (and sell) goods mounts. That’s especially true...
As JCPenney continues to look into its performance, the retailer said on Tuesday (Jan. 8) that it is intending to shutter three locations in the spring....
Big brands are opening big stores in big cities, but Nike is taking a decidedly digital approach with its New York City flagship: that is,...
Turnarounds are not easy work — just ask the team at JC Penney. As of the end of Q2, the numbers aren’t quite what the...
On Tuesday, (May 23rd), J.C. Penney announced that Marci Grebstein is joining the company as executive vice president, chief marketing officer, next month. The company...
As more consumers are turning to online marketplaces like Amazon to get their shopping done, American retailers are closing their doors at a record pace....