That could be harder for JCPenney, Black said, as department stores have seen particular challenges. Macy’s recently announced store closures, for example, as it looks to improve its prospects.
JCPenney is merging with a company that owns a number of other once-bankrupt clothing stores, including Forever 21 and Brooks Brothers, to form a new company that will hold significant sway over ...
The company then licensed it to Sparc to run through a fleet of around 500 stores, some of which were leased by Simon Property, the outlet said. JCPenney filed for bankruptcy protection in 2020 ...