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JCPenney Co.

  • Zumiez opens new store at Cherry Hill Mall

    Cherry Hill, N.J. -- As part of the $200-million redevelopment of Cherry Hill Mall, in Cherry Hill, N.J., Zumiez has added a 2,444-sq.-ft. store near the Grand Court of the mall.

    The Pennsylvania Real Estate Investment Trust (PREIT) property also added shoe retailer Traffic with a 1,500-sq.-ft. store in the J.C. Penney wing, and natural food retailer Pure Health Bar is slated to open in November.

  • J.C. Penney to renovate, expand Rock Hill Galleria store

    Rock Hill, S.C. -- The developers of Rock Hill Galleria, in Rock Hill, S.C., said Tuesday that the 470,000-sq.-ft. regional mall will initiate a comprehensive renovation and expansion of mall anchor J.C. Penney.

    Construction will begin soon and is scheduled for completion in fall 2012.

  • Macy’s and J.C. Penney top RSR report on digital advertising

    Morrisville, N.C. -- Macy’s and  J.C. Penney Co. rank as the nation’s top “local” advertisers, according to a new report from RSR Research. The study, “The Local Approach: The State of Localized Advertising in Retail,” finds most major retailers are missing huge opportunities to drive store traffic through localized digital advertising campaigns.

  • Macy’s to increase holiday hires by 4%

    Cincinnati -- Macy’s said it plans to hire approximately 78,000 seasonal associates for its Macy’s and Bloomingdale’s stores, call centers, distribution centers and online fulfillment centers nationwide for the 2011 holiday season. The total is up about 4% from the approximately 75,000 seasonal associates the chain hired last year.

    “We expect additional hiring this year given the continued sales growth in our business – both in-store and online,” said Terry J. Lundgren, Macy’s, chairman, president and CEO.

  • CBL to acquire Northgate Mall

    Chattanooga, Tenn. -- CBL & Associates Properties said Thursday that it has agreed to acquire Northgate Mall in CBL’s hometown of Chattanooga, for $11.5 million in cash.

    The mall was listed for sale through an online auction. CBL anticipates closing on the transaction by Oct. 6.

  • Mid-America signs several large leases across Great Lakes region

    Oakbrook Terrace, Ill. -- Mid-America Asset Management announced that among the new leases the firm has signed in July and August, there were several large transactions spread across Chicagoland, Southeast Wisconsin and Northwest Indiana.

    In Aurora, Ill., home furnishings retailer Premier Furniture Outlet leased 38,975 sq. ft. at Aurora Marketplace, opening in September 1. Anchors include Sports Authority and Hobby Lobby.  
     

  • Jones Lang LaSalle to manage Century III Mall

    West Mifflin, Pa. -- Atlanta-based Jones Lang LaSalle announced that it was named as the property and leasing manager for Century III Mall, a 1.2 million-sq.-ft. regional shopping and retail center located in West Mifflin, Pa., near Pittsburgh.

    The mall houses more than 100 retail shops, anchored by Macy's, J.C. Penney, Sears and Dick's Sporting Goods.

  • Vornado ups stake in J.C. Penney

    Plano, Texas -- J.C. Penney Co. said Monday in a regulatory filing that it has allowed shopping center owner Vornado Realty Trust to increase its stake in the department store retailer, from 9.9% to 15.4%.

    The move eases a poison-pill restriction that had prevented Vornado from previously buying additional J.C. Penney shares. It mirrors a deal struck with Penney’s largest shareholder William Ackman, who received the go-ahead to up his stake, held through his Pershing Square Capital Management hedge fund, from 16.5% to as much as 26.1%.

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