Mall Brand Merger: JCPenney Unites With Forever 21, Aeropostale, Brooks Brothers Operator
JCPenney is merging with a company that owns several other retailers that have also struggled as malls have declined in popularity across the US.
The 123-year-old department store chain and SPARC Group have combined to form Catalyst Brands, the new company said in a news release on Wednesday, Jan. 8. SPARC Group is the operator of stores including Aéropostale, Brooks Brothers, Eddie Bauer, Forever 21, Lucky Brand, and Nautica.
Former JCPenney CEO Marc Rosen will become the CEO of Catalyst Brands, which boasts more than $9 billion of revenue and about 60,000 employees at …
JCPenney Employee Nabbed In Trumbull For Larceny Is Wanted Sex Offender, Police Say
A JCPenney employee charged with larceny in Fairfield County was wanted out of state for sex crimes against children.
During the arrest on Saturday, Oct. 28, Trumbull Police found that Joshua Jaheem Bell, age 18, of Bridgeport also had an outstanding extraditable arrest warrant for sex crimes against children in Colorado.
The incident began around 3 p.m. Saturday, at the Trumbull Mall, police were called to investigate an employee theft of $250 and Bell had previously stolen over $4,500 in the past, said Lt. Brian Weir, of the Trumbull Police.
Investigating officers learned that …
Covid-19: JCPenney Files For Bankruptcy In Largest Retail Casualty Of Pandemic
In the largest retail casualty of the novel coronavirus (COVID-19) pandemic, JCPenney has filed for bankruptcy.
Founded in 1902, JCPenny has about 800 stores in the United States.
“The coronavirus (COVID-19) pandemic has created unprecedented challenges for our families, our loved ones, our communities, and our country," said Jill Soltau, chief executive officer of JCPenney, in a statement released on Friday, May 15. "As a result, the American retail industry has experienced a profoundly different new reality, requiring JCPenney to make difficult decisions in running our business to pr…
