JCPenney Co.

J.C. Penney has revealed more details about its store closing plans.

In an America where enclosed malls give way to entertainment and food-driven town centers, malls that served as community hubs in the 80s struggle to survive in the 20s.

J.C. Penney is getting ready to kick off its second phase of store closing sales as part of its store optimization strategy. 

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.

RTW Retailwinds (formerly known as New York & Co.) is edging closer to filing for bankruptcy.

A new report from Coresight Research predicts that 20,000 to 25,000 stores will close in the United States this year.

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.