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Report: J.C. Penney stores, real estate worth $4.06 billion
New York -- A Tuesday report by Reuters said that J.C. Penney Co.’s real estate holdings – including stores, DCs and headquarters – are worth a total of $4.06 billion.
An appraisal was conducted for Penney and subsequently disclosed in a presentation to potential lenders that was also filed with U.S. regulators.
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Gordmans names planning, allocation exec
Omaha, Neb. -- Apparel and home-décor retailer Gordmans said Tuesday it has appointed Geoffrey Ayoub as senior VP planning, allocation and analysis.
Ayoub joins Gordmans from EDCON, a South African-based retailer operating over 1,000 stores in multiple retail formats throughout five countries. At EDCON, he served as chief planning officer responsible for all aspects of merchandise planning, allocation, replenishment and merchandise analysis.