by Mike Duff | Feb 6, 2024 | Retail Articles
Mall and outlet operator Simon Property Group made gains in the fourth quarter and noted in a conference call that JCPenney, which it helped buy out of bankruptcy, is trending toward operational improvement. For the fourth quarter, company net income was $747.5...
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...
