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.
Stein Mart Files For Bankruptcy; Liquidation Underway, Going-Out-Of-Business Sales ComingNational discount department store Stein Mart filed for bankruptcy and has now set about closing most, if not all, of its 280 stores.
JCPenney Moving Forward With Sale, Attorney Tells Bankruptcy JudgeThe 118-year-old company filed for Chapter 11 bankruptcy protection in mid-May.
Bed Bath & Beyond To Close 200 Stores, Shift To Online OrderingBed Bath & Beyond plans to close 200 stores over the next two years — including locations across Texas — in a move that company officials said will save between $250 million and $350 million.
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.
JCPenney Shrinking: Closing 154 Stores Next Week Including 4 In North TexasFour of those stores are in North Texas. The retailer said it could take about 10 to 16 weeks to complete the closures.
Dallas-Based Tuesday Morning Files For Chapter 11 BankruptcyDallas-based discount goods retailer Tuesday Morning has filed for Chapter 11 bankruptcy, becoming the third North Texas-based major retailer to do so since the coronavirus pandemic.
Plano-Based JCPenney Files For BankruptcyJCPenney filed for Chapter 11 bankruptcy protection on Friday, becoming the latest retail casualty of the coronavirus pandemic.
Neiman Marcus Files For Chapter 11 Bankruptcy ProtectionThe coronavirus shutdown has hit Neiman Marcus so hard that the 112-year-old storied luxury department store chain is seeking Chapter 11 bankruptcy protection.
Report: Dallas-Based Neiman Marcus Could File For Bankruptcy This WeekThe coronavirus shutdown is hitting the retail industry hard and none more so than Dallas-based Neiman Marcus. There are reports the luxury retailer could file for bankruptcy as early as this week.
Neiman Marcus Is Focusing On Their Luxury Brand & Closing Most Last Call Outlet StoresMost all Neiman Marcus Last Call stores -- the discount offshoot owned by the luxury retailer -- are shutting down.
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.
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.
Target Raises Minimum Wage To $13 An Hour, Plans For $15 By 2020Target is raising its minimum wage for employees to $13 an hour, continuing the plans for the company to raise it to $15 an hour by 2020.
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.