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. Ross, speaking with CNBC on Tuesday (May 26), said retail and hotel industries were the hardest-hit by the pandemic, and...
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 the merchant attain specific aims to get the second part of the loan, CNBC reported, citing unnamed sources. JCPenney would...
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 for retailers caught in the cross-hairs of the ongoing skirmish between China and the United States, where the latest (and...
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. The company did not say the locations of the stores it is seeking to close and is looking to provide...
May 27, 2019
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 for retailers caught in the cross-hairs of the ongoing skirmish between China and the United States, where the latest (and forthcoming) round of tariffs is hitting some of the biggest U.S. players right in the margins.
January 09, 2025
Retailers JCPenney and SPARC Group have combined to form a new apparel-focused organization called Catalyst Brands. The new organization brings together SPARC Group’s five brands — Aéropostale, Brooks Brothers, Eddie Bauer, Lucky Brand and Nautica — and JCPenney and its private brands like Stafford, Arizona and Liz Claiborne, the companies said in a Wednesday (Jan. […]
May 27, 2020
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. Ross, speaking with CNBC on...
May 13, 2020
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 the merchant attain specific aims...
January 09, 2019
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. The company did not say...
