JCPenney axes 650 jobs
JCPenney has reduced its workforce by about 650 positions as it continues to focus on its turnaround under new owners Simon Property…
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JCPenney looks to ‘styleisure’ to bolster comeback
JCPenney is looking to tap the booming athleisure market with the launch of a new "styleisure" apparel line that it hopes will…
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JCPenney sale gets green light
JCPenney is on track to begin operating under new ownership and outside of Chapter 11 by late November after a US bankruptcy…
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JCPenney to emerge from Chapter 11 under new owners
JCPenney has inked an asset purchase agreement (APA) with Brookfield Asset Management, Inc Simon Property Group, and a majority of its…
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JCPenney strikes bankruptcy rescue deal
JCPenney has struck a deal with Brookfield Property Group and Simon Property Group through which the firms will acquire substantially all…
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JCPenney lenders ask bidders to up offers?
A group of lenders managing the bankruptcy process of US retail giant JCPenney are reportedly asking interested buyers to up…
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Tailored Brands files for Chapter 11 bankruptcy protection
US menswear retailer Tailored Brands, owner of the Men's Wearhouse, Jos. A. Bank, Moores Clothing for Men and K&G brands, has filed for…
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JCPenney to slash 1,000 jobs and shutter 152 stores
JCPenney is to axe about 1,000 jobs and close 152 stores as the US retail giant proceeds with plans to emerge from…
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