Search Results for: J.C. Penney
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...