J.C. Penney Co.
Park Plaza Owner Files Chapter 11 Bankruptcy
Park Plaza Mall owner CBL & Associates Properties Inc. of Chattanooga, Tennessee, files Chapter 11 bankruptcy, seeking to restructure its debt and survive amid rising e-commerce and declining in-store traffic. read more >
Can Malls Shake Off the Cobwebs?
A Jonesboro real estate broker is among those who sees a potential for malls transforming after the pandemic, with a silver lining possibly being local stores taking over chain space. read more >
by Kyle Massey -
US Retail Sales Rise for 4th Straight Month As Growth Slows
Americans kept spending in August, but the pace of that growth is slowing as millions of people who lost jobs have now lost a $600 a week boost in their unemployment checks. read more >
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Simon, Brookfield Close to Buying JC Penney Out of Bankruptcy
Mall owners Simon Property Group and Brookfield Property Partners are close to a deal to buy department store chain J.C. Penney out of bankruptcy and keep the chain running. read more >
by Associated Press -
J.C. Penney Lawyer Says Chain Is Going Forward With Sale
An attorney for J.C. Penney Co. told a bankruptcy judge Wednesday that the retailer is going forward with a sale of its business and expects the deal to be completed by the fall. read more >
by Associated Press -
Park Plaza at Risk in Mall Foreclosure Era
Even before the coronavirus upended the world, malls were struggling to attract customers. Now the situation is worse. read more >
by Mark Friedman -
Shackleford Crossings’ $10.5M Sale Underlines Retail Woes
2019 was the end of the line for Atlanta investment firm Invesco’s ownership at Shackleford Crossings. After eight years, it decided to cut its losses and sell its remaining stake in the west Little Rock retail center. read more >
by George Waldon -
Kohl’s, Penney Report Holiday Sales Declines
Mall-based retailers J.C. Penney, Kohl's and Victoria's Secret parent reported sales declines for the holiday season, underscoring continued challenges ahead from online rivals and other low-price competitors. read more >
by Associated Press -
JC Penney Losses Narrow, CEO Tries to Reinvigorate Stores
J.C. Penney, in the throes of yet another reinvention, offered some rare hope during the third quarter. The troubled department store chain raised its annual profit forecast Friday after reporting narrowed losses. read more >
by Associated Press -
Retailers’ Results Show Sharp Divide Between Losers, Winners
While big-box stores and off-price retailers have responded faster to shoppers' increasing shift online, many mall-based clothing chains and department stores continue to suffer weak sales. read more >
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Parking Lot Lease Deals at McCain: A Whole New Mall Game
Companies like Dillard’s Inc., J.C. Penney and Macy’s are surveying their vast parking areas and seeing new opportunities for dining and entertainment venues. read more >
by Kyle Massey -
As Market Values Fall, Malls Seek Lower Tax Assessments
Two Arkansas malls are challenging their 2017 property assessments, saying they are millions of dollars too high, a move that could become a trend as market values fall for malls and department stores struggling to attract shoppers. read more >
by Mark Friedman -
JC Penney Stock Touches All-Time Low After Slashing Outlook
J.C. Penney shares tumbled more than 20 percent to an all-time low Friday, pulling Sears, Dillard's, Kohl's and other retailers down with it. read more >
by Associated Press -
Municipal League Seeks Special Session to Collect Online Sales Tax
It may be futile, but several Arkansas cities are urging Gov. Asa Hutchinson to hold a special session to pass legislation to force out-of-state online retailers to start collecting sales taxes. read more >
by Mark Friedman -
Penney’s Reports 3Q Sales Shortfall, Cuts Outlook
J.C. Penney cut its sales outlook for the year after reporting a surprise decline for a key sales figure during the third quarter as it wrestled with sluggish clothing sales. read more >
by Associated Press -
Wal-Mart’s Chief Marketing Officer to Retire
The world's largest retailer confirmed Thursday that its chief marketing officer Stephen Quinn is retiring, and it's tapping into the talent of former Target executive Michael Francis as a consultant. read more >
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Macy’s 3Q: A Glimpse of What’s to Come This Holiday Season?
The opening of the retail earnings seasons began ominously with Macy's, which dragged shares of almost every retailer sharply lower Wednesday. read more >
by Associated Press -
J.C. Penney to Cut 2,000 Jobs, Close 33 Stores
Department-store operator J.C. Penney says it will cut 2,000 jobs and close 33 stores as it tries to turn around results. read more >
by Associated Press -
Liberty Bank Looks to Lock Up Little Rock Land Owned by Bruce Burrow
Liberty Bank of Arkansas is targeting another of Jonesboro developer Bruce Burrow’s Little Rock properties after he allegedly defaulted on a loan worth nearly $2 million. read more >
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