JCPenney CEO Out; New Owners Start Executive Search
JCPenney CEO Jill Soltau has stepped down as the retailer’s new owners, Simon Property Group and Brookfield Asset…
News January 4
Latest In: JCPenney
Long-Time Sephora Exec Will Succeed Reiff as Container Store CEO
Satish Malhotra, Chief Retail and Operating Officer at Sephora, will take the reins as CEO and President of…
News December 23
JCPenney Completes Sale to Simon and Brookfield, Exits Bankruptcy
JCPenney has completed its previously announced sale to mall operators Simon Property Group and Brookfield Asset Management, which…
News December 9
JCPenney Eyes $1.75 Billion Purchase By Brookfield And Simon Property
J.C. Penney Company has entered an agreement in principle to sell JCPenney to Brookfield Property Partners and Simon…
News September 10
JCPenney Lenders May Make Acquisition Bid After Other Talks Falter
JCPenney’s top lenders, including H/2 Capital Partners, are preparing to make a credit bid to own the retailer…
News September 1Stein Mart Files For Chapter 11, Considers Closing All 281 Stores
In filing for bankruptcy protection, discount department store Stein Mart has raised the possibility of closing “a significant…
News August 12WSJ Report: Amazon And Simon In Talks To Turn Vacant Mall Anchors Into DCs
Space vacated by JCPenney, Sears and other anchor retailers in Simon Property Group malls could be turned into…
News August 10JCPenney Terminates 1,000 Corporate And International Employees
To right-size its executive ranks with 152 permanent store closings, JCPenney is eliminating approximately 1,000 workers in corporate and…
News July 16Macy’s Cuts 3,900 Corporate Jobs In Cost Restructuring Effort
Macy’s will reduce its corporate and management headcount by approximately 3,900 people as part of a cost restructuring…
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