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J.C. Penney denies credit squeeze
New York -- J.C. Penney on Thursday said that reports claiming CIT Group Inc., the largest lender in the apparel industry, had stopped funding some shipments to Penney were untrue. The retailer said it has plenty of cash on hand and all major suppliers were still shipping.
“J.C. Penney continues to have the support of all of its key vendors, who have maintained their shipments to the company," the company said in a statement on Thursday.
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New retail leasing director for The Feil Organization
New York — The Feil Organization has named industry veteran Nicholas Forelli Director of Retail Leasing.
In his new role, Forelli will focus on Feil’s leasing efforts throughout the metropolitan area, including New York City, Long Island and New Jersey. Chief among his projects will be Glen Oaks Shopping Center in Queens, working with Briskin on the redevelopment of Concourse Plaza in the Bronx, smaller retail projects around the metro area, as well as One & Olney Square in Philadelphia.