Search Results for: J.C. Penney

By Sima Ella On Wednesday, November 11th, 2020

U.S. bankruptcy court approves sale of J.C. Penney

JC Penney Simon Property and Brookfield, and J.C. Penney’s main creditors will become its new owners as it emerges from bankruptcy by Thanksgiving. JC Penny filed for Chapter 11 in bankruptcy proceedings More...

By Vered Weiss On Sunday, August 17th, 2014

Jim Cramer: Who Needs J.C. Penney?

On his RealMoney blog, Jim Cramer wondered if anyone really needs J.C. Penney (JCP) anymore. To give the classic retailer credit, it did rise from the dead; Cramer said he has never before seen a retailer More...

By Jewish Business News On Monday, August 10th, 2020

Will Amazon open distribution centers at Simon malls? Sears, JCPenney stores?

The Wall Street Journal report on talks between Amazon and the nation’s largest mall operator Simon Property Group to convert empty department stores including J.C. Penney and Sears into distribution centers. WSJ More...

By Vered Weiss On Sunday, January 4th, 2015

How Bill Ackman Messed Up JC Penney: A Cautionary Tale of Activist Investing

J.C. Penney may go the way of Woolworth’s and other retail dinosaurs. It lost its once loyal customers in a bid to fix what wasn’t broken, and J.C. Penney’s tale of woe sheds light on the darker More...

By Jewish Business News On Wednesday, July 8th, 2020

Coronavirus: Industries with the Highest Rate of Unemployment

The national unemployment rate in the U.S. has fallen over the past two months from heights not seen since the Great Depression. Unemployment went down from 14.7 percent in April to 13.3 percent in May, and it More...

By Albert Hecht On Thursday, October 6th, 2016

Ghermezian’s Mall of America takes bold stand by closing on Thanksgiving this year

Ghermezian brothres notified employees and tenants Wednesday morning that this year they will close down Mall of America most operations on Thanksgiving. The decision will affect many of the 15, 000 people More...

By GLAMMONITOR On Tuesday, September 15th, 2015

The Death of Mid-Range Department Stores Signals End of the American Dream

  There was a time in my life when a sweater from J. C. Penney was considered nice. Not Saks Fifth Avenue nice — though at age nine that name meant nothing to me — but a modest, desirable nice. It would More...

By Niva Goldberg On Tuesday, March 17th, 2015

Joe Fresh losing founder Joseph Mimran

Joseph Mimran the man behind Joe Fresh, low-priced private-label apparel brand in Canada, announced In an email to the Canadian press, his stepping down from the company. Mimran confirmed his departure to More...

By Vered Weiss On Wednesday, January 7th, 2015

Alpha Wolf Bill Ackman Is Top Dog on Wall Street

Bill Ackman might be controversial, but he had the top performing hedge fund of 2014, as reported by Bloomberg. While he was ridiculed the previous year for his pressure to put Ron Johnson of AppleStores as CEO More...

By Vered Weiss On Tuesday, January 6th, 2015

What’s Bill Ackman Cooking Up at Restaurant Brands?

Bill Ackman revealed that he has an 18.8% stake in Restaurant Brands International, a company that is the result of the controversial merger between Burger King and Tim Hortons, as reported by BenZinga. The More...

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