JC Penney Landlords Close To Buying Retailer Out Of BankruptcyPenney’s lawyer Josh Sussberg announced the tentative pact, which will save roughly 70,000 jobs, during a brief hearing in bankruptcy court Wednesday.
Executives With Dallas-Based Neiman Marcus Seek $10 Million In Bonuses During BankruptcyNeiman Marcus is asking a federal bankruptcy court in Texas to allow almost $10 million in pay raises for CEO Geoffroy van Raemdonck and seven other executives.
JCPenney Losses More Than Tripled Ahead Of Bankruptcy FilingSales plunged and losses soared at Plano-based JCPenney in the three months before its bankruptcy filing.
Plano-Based JCPenney Files For BankruptcyJCPenney filed for Chapter 11 bankruptcy protection on Friday, becoming the latest retail casualty of the coronavirus pandemic.
Macy's Furloughing Most Of Its 130K Employees Because Of Coronavirus Store ClosuresAffecting employees at more than a dozen stores in North Texas, Macy's is furloughing a majority of its 125,000 employees because of the ongoing coronavirus pandemic.
Police Search For Man Who Tried To Take Upskirt Photos Of Teen In WeatherfordPolice in Weatherford are searching for a man who allegedly tried to take photographs/video of a teenager while she was in a department store fitting room.
Dallas Police Looking For Man Who Recorded Video Under Dress Of Unsuspecting ShopperDallas police are asking for help from the public identifying the man who secretly recorded under a shopper's dress at an area T. J. Maxx department store.
As JC Penney Raises Profit Forecast, CEO Tries To Reinvigorate StoresTroubled department store chain J.C. Penney raised its annual profit forecast Friday after reporting narrowed losses.
Low Trading Price Could Get JC Penney Kicked Off New York Stock ExchangePlano-based J.C. Penney Co. is being warned that its stock could be removed from the New York Stock Exchange for trading below $1 for too long.
JC Penney Responds To Investors' Debt Restructuring ConcernsPlano-based J.C. Penney says it hasn't hired any advisers to prepare for an in-court restructuring or bankruptcy.
JC Penney Continues To Struggle; Posting First Quarter LossesLosses are widening at J.C. Penney and sales are falling after the retailer shed its furniture and major appliance businesses.
New Smaller Sears Stores Focus On Appliances, Mattresses And Home ServicesAfter its journey through bankruptcy, Sears is getting ready to open its first batch of smaller stores focusing on appliances, mattresses and home services.
Sears Stores To Remain Open After Retailer Staves Off LiquidationThe company's largest shareholder and chairman, Eddie Lampert, may be able to keep the roughly 400 remaining Sears stores open.
Investors Caught Off Guard By Weak Holiday Sales At Department StoresUnemployment is low, wages are rising, consumer confidence is high and gasoline is cheap, but that didn't result in more Americans loosening their purse strings this past holiday season.
What Shoppers Need To Know About The Sears BankruptcyWith Sears closing 142 unprofitable stores near the end of the year, and 46 others by November, what's a shopper to do?