by Mike Duff | Feb 21, 2025 | Retail Articles
Hilco Real Estate, enlisted to sell 121 JCPenney properties, reported the stores will continue operating under the JCPenney retail banner after they are sold. The stores set to be sold have been operating under 20-year leases, with about 16-and-a-half years remaining....
by Mike Duff | Jan 23, 2025 | Retail Articles
Coresight Research has issued its predictions for 2025 store openings and closures by sector in the United States, with store closures up to about 15,000 and store openings steady at 5,800. Closures announced late in 2024 and early in 2025 by Party City, Big Lots,...
by Mike Duff | Jan 2, 2025 | Retail Articles
After entering Chapter 11 bankruptcy protection and warning of possible liquidation, Big Lots announced it entered an agreement with Gordon Brothers Retail Partners that enables the transfer of Big Lots assets, including stores, distribution centers and intellectual...
by Mike Duff | Dec 23, 2024 | Featured News, Retail Articles
The Container Store filed for Chapter 11 bankruptcy protection with a lender-backed plan for emerging as a private company, signaling the end of a proposed investment in The Container Store by Beyond, Inc. A source close to the matter told HomePage News The Container...
by Mike Duff | Dec 20, 2024 | Featured News, Retail Articles
Although it is exploring an alternative deal that might keep at least some of its stores in operation, Big Lots announced that it does not anticipate completing an asset purchase agreement with Nexus Capital Management and will commence going-out-of-business sales. If...
