by Mike Duff | May 13, 2025 | Retail Articles
Penney Intermediate Holdings, which has been operating the JCPenney business, reported a turn to a loss for its fiscal year ended February 1. According to a filing with the United States Securities and Exchange Commission, net loss was $177 million, and comprehensive...
by Mike Duff | Jan 9, 2025 | Featured News, Retail Articles
JCPenney and SPARC Group combined to form a new enterprise, Catalyst Brands, in a merger that brings together a range of legacy fashion and retail brands. The merger highlights a brand portfolio that includes SPARC’s Aéropostale, Brooks Brothers, Eddie Bauer, Lucky...
by Mike Duff | May 20, 2024 | Retail Articles
Earnings slid at JCPenney in the fiscal year ended February 3, 2024, with sales down if in a lesser way. Penney Intermediate Holdings reported a net income of $30 million versus $221 million in the year before. After a currency translation adjustment, income was $29...
by Mike Duff | Aug 30, 2023 | Retail Articles
Shein has struck a deal with Sparc Group Holding, a collaboration between JCPenney owner Simon Property and the Authentic Brands Group, in which it will acquire a one-third interest in Sparc, which itself takes a minority interest in Shein. Sparc includes a number of...
by Mike Duff | Aug 2, 2022 | Retail Articles
In the second quarter, mall and brand operator Simon beat Wall Street estimates even as its JCPenney business acted as a slight drag, but only after a stronger past performance. Company net income was $496.7 million, or $1.51 per diluted share, Simon stated, versus...
