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JCPenney Co.

  • Good news for J.C. Penney

    J.C. Penney announced a positive development on the financial front.   The department store retailer announced it has successfully completed refinancing its $2.25 billion five-year senior secured term loans, which should generate about $24 million in interest expense savings.  

  • Jo-Ann Stores names veteran exec to omnichannel marketing post

    Jo-Ann Fabric and Craft Stores is promoting Chris DiTullio to senior VP, marketing and omnichannel.

    While at Jo-Ann, DiTullio has served as interim senior VP, marketing; VP, e-commerce and omnichannel; VP, marketing and advertising; VP, inventory management; and director, merchandise planning.

  • Commentary: Everything Must Go

    The term “post-department store era” was once considered so controversial that many in the retail world avoided using it, fearing backlash from powerful industry giants like Macy’s and Sears. Some saw the very idea of department store obsolescence as pure folly while others saw it only as a vague possibility too far in the future to consider.
     

  • U.S. shoppers bid Joe Fresh stores adieu

    Canadian retail conglomerate The Loblaw Cos. Inc. is pulling up stakes on store-based operations of its Joe Fresh banner in the U.S.

    According to the Financial Post, Loblaw has closed the final remaining U.S. Joe Fresh store in the SoHo neighborhood of New York, and also no longer distributes the apparel brand through J.C. Penney stores in the States.

  • Penney refinancing real estate loan

    J.C. Penney Co. said Wednesday it is proposing to refinance a $2.25 billion senior secured term loan, and to extend the maturity of the loan, which is currently set at May 2018. The transaction is expected to be complete in June.

    Penney also reported positive same-store sales for its quarter-to-date through Memorial Day.
     

  • J.C. Penney refinancing real estate loan

    J.C. Penney Co. said Wednesday it is proposing to refinance a $2.25 billion senior secured term loan, and to extend the maturity of the loan, which is currently set at May 2018. The transaction is expected to be complete in June.

    Penney also reported positive same-store sales for its quarter-to-date through Memorial Day.
     

  • Myrtle Beach Mall to launch $30 million redevelopment

    A well-located, 30-year-old mall is about to undergo a major overhaul and add a much-needed shopping, dining and entertainment alternative in the Myrtle Beach marketplace.

    According to Misuma Holdings and Peak Financial Partners, Myrtle Beach Mall will launch a full redevelopment in 2017.  

  • Slow and Steady Wins the Race

    New-build shopping center construction was plodding last year — discounting the outlet category, which continues to grow at record speed. And, yet, sometimes one has to look at the quality of what is coming out of the ground — or expanding — and not just the quantity.

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