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 | Feb 10, 2025 | Retail Articles
Hilco Real Estate announced that it is supervising placement of 121 net-lease JCPenney properties on the market. The placement is supervised by Hilco JCP, an affiliate of Hilco Real Estate and manager of Copper Property CTL Pass Through Trust, established in the...
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 | Oct 1, 2024 | Retail Articles
Penney Intermediate Holding reported its JCPenney operations turned to a loss in the second quarter as traffic remained slow. Net loss was $33 million versus net income of $36 million in the year-previous quarter. Comparable sales slipped 7.7% in the quarter year over...
by Mike Duff | Oct 1, 2024 | Retail Articles
Real estate investment trust and JCPenney owner Simon Property Group is launching a new nationwide campaign to highlight the shopping mall’s continuing cachet as a go-to destination for consumers across generations in the United States. Dubbed “Meet Me...
