The nation’s largest mall operator has called off its merger agreement with — and filed suit against — a rival, citing fallout from the COVID-19 pandemic.
Starbucks Corp. will transform its U.S. stores — and shutter up to 400 locations — as it focuses on digital integration and convenience to meet “shifting customer behaviors.”
In 2020’s first quarter, Sephora threatened to close the 600 shops it operates inside J.C. Penney stores before coming to an agreement to keep them open.
As American malls begin a return to operations in a revised retail environment, Namdar Realty Group pursues its standard strategic mission of snapping up viable malls in B and C markets.
Macy's Inc. said it raised a total of $4.5 billion, providing it with sufficient liquidity to fund operations and address business needs as the economy starts to recover from the COVID-19 pandemic.
Private equity firm Sycamore Partners is in early talks to take J.C. Penney out of bankruptcy if the retailer’s negotiations with its creditors fail, reported Reuters.
