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J.C. Penney doesn’t expect impact from Macy’s suit
Plano, Texas – In a March 21 regulatory filing, J.C. Penney Co. Inc. said it does not expect the result of a lawsuit filed by Macy’s Inc. alleging that Penney was selling Martha Stewart Living products in violation of an exclusivity agreement to have a significant negative impact on its results.
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Hilco rebrands, adds deals to Steele's
The Hilco Global Retail Group is rebranding its recently acquired Steele's retail stores as Steele's & Deals. The company also appointed several key executive leaders who will take over new management roles at the retail chain.
The company feels that the Steele's & Deals name more accurately communicates value to customers.