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JCPenney Co.

  • A whole new take on an old mall has a Colorado community celebrating

    With the breathtaking Twin Peaks of the Colorado Rockies as backdrop, a new project underway in Longmont, Colo., is leveraging both the views and community demand to create a “top drawer outdoor village experience,” said Allen Ginsborg, managing director and principal of NewMark Merrill Mountain States, based in Fort Collins, Colo.

  • Flipping the Coin

    Flipping the coin
    Last August in this space, I discussed the troubling sales trends and tumbling earnings from iconic retailer J.C. Penney, mentioning that the growing pains associated with implementing CEO Ron Johnson’s ambitious brand overhaul might have been a case of “too much too soon.” Given that Ron Johnson is now ex-CEO, it’s clear that those growing pains were too much to overcome.

  • Jo-Ann hires former Disney, JCP exec

    Hudson, Ohio — Jo-Ann Fabric and Craft Stores has hired former Disney and J.C. Penney’s executive Kris Arabia as VP of product development. Arabia will report to senior VP and chief marketing and merchandising officer Riddianne Kline.
     

  • J.C. Penney asks customers to come back in its new ad

    New York -- J.C. Penney Co. on Wednesday unveiled an advertisement on Facebook that asks customers to return to its stores. The ad will air Wednesday and Thursday on national television, as well as on Penney’s social media platforms.
       

  • Appeals court: J.C. Penny can sell unbranded Martha Stewart line

    New York -- J.C. Penney Co. can continue to sell a line of Martha Stewart home goods it introduced last week under "JCP Everyday" brand pending the outcome of a trial with Macy's, a New York appeals court ruled on Tuesday.
     
    The court denied Macy's request for a preliminary injunction blocking sale of the goods while a court battle continues over rights to the products.  
       

  • Jones Lang LaSalle names Midwest team additions

    Chicago -- Jones Lang LaSalle announced the addition of Larry Kilduff, Claire Bitautas and Anne Imming to its retail team.

    Kilduff will serve as a VP and the retail management lead in the Midwest. Bitautas and Imming will serve as VPs on the brokerage team focusing on the downtown and suburban Chicago market. In their new roles they will partner with Midwest retail market lead Mark Hunter.

  • Destiny USA raises the bar

    When describing Destiny USA – the 2.4 million-sq.-ft. dining, entertainment, shopping and outlet megaplex in Syracuse, N.Y. – it’s a toss-up whether to emphasize the offerings and amenities, or highlight the project’s own brand of environmental consciousness.

  • Report: Goldman Sachs arranges $1.75 billion J.C. Penney loan

    New York -- A Friday report by CNBC said that Goldman Sachs has lined up a $1.75 billion financing package for J.C. Penney Co., backed by the retailer’s real estate and other assets.

    The news, which has not yet been confirmed by Penney, comes a day after investor George Soros reported a 7.9% stake in the company.

    Earlier this month, Penney borrowed $850 million from its $1.85 billion revolving credit facility to boost its cash position and buy inventory.

     

  • George Soros takes 7.9% stake in J.C. Penney

    New York -- Giving a much-needed boost to J.C. Penney Co., George Soros’ Soros Fund Management bought 17.4 million shares of the troubled retailer, according to a filing with the Securities and Exchange Commission.  

    The stake, which was seen as a vote of confidence in returning CEO Mike Ullman, makes the billionaire investor the fourth-largest Penney shareholder, with a 7.9% stake.

     

  • JCP to debut Bijoux Bar jewelry collection

    PLANO, Texas — J.C. Penney is introducing the Bijoux Bar, a line of fine jewelry that features collections from Kenneth Jay Lane, Kara Ross, Lana Bramlette, Dominique Cohen, Doris Panos, Rodrigo Otazu and Diego Massimo. 

     

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