New York CNN Business — JCPenney has survived to see its 119th holiday shopping season. JCPenney got final approval on its plans to emerge from bankruptcy just last week on the eve of the all-crucial holiday shopping season, thanks to a rescue by mall owners Simon Property Group and Brookfield Asset Management, who will now own and operate the company. …
New York CNN Business — They were once the giants of American retail, strong enough to survive wars, the Great Depression, the Great Recession and the rise of online shopping. “The retailers who were wandering around aimlessly pre-pandemic are going to be substantially less likely to muddle through than they were before,” said Mark Cohen, director of retail studies at …
