If department stores survive this pandemic, July 1, 2020 will almost certainly mark the point where the format reached one of its darkest days. On...
Two of the largest mall owners in the United States are teaming up on a bid to buy one of their key anchor tenants, bankrupt...
JCPenney may have a suitor. Reports circulating Tuesday (June 16) have Authentic Brands teaming with mall landlords Simon Property Group and Brookfield Properties teaming up...
Consumers whose wallets are bulging with gift cards issued by now-bankrupt retailers should think about spending them now — since they may become worthless. In...
Sycamore Partners, the New York private equity firm that specializes in distressed buyouts, is in preliminary talks to purchase JCPenney, sources told Reuters. The retailer, which...
JCPenney has identified the first round of 154 retail location closures, after an assessment of its store footprint and evaluation of “future strategic fit” as...
It’s the end of the work week, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments...
In today’s top news, Amazon could be in talks to buy JCPenney, and 4 million stimulus payments will be sent to consumers via Visa prepaid...
Amazon could be in talks to acquire the bankrupt clothing retailer JCPenney, Fox Business reported Monday (May 19), citing Women’s Wear Daily (WWD). JCPenney officially...