JCPenney new owners cut 650 jobs
US-based departmental store chain JCPenney has had 650 jobs cut across its operations by its new owners, Simon Property Group and Brookfield Asset Management.
Departmental
Macy’s to provide Klarna payment solution in US stores
US-based department store chain Macy’s has partnered with payment and shopping service provider Klarna to...
John Lewis to permanently close eight UK stores after lockdown
UK-based department store chain John Lewis has announced it will permanently close eight retail stores in the country after lockdown...
John Lewis warns more stores may close permanently
UK-based department store chain John Lewis has warned of more permanent store closures due to the impact of the Covid-19...
Tonal partners with Nordstrom to expand US retail presence
Home gym and personal trainer Tonal has partnered with luxury department store chain Nordstrom to expand its retail presence in...
Debenhams’ Scotland stores to close permanently after lockdown
UK-based department store chain Debenhams has announced that all 15 of its stores in Scotland will close permanently after lockdown restrictions in the country are eased. The news comes a…
Belk completes financial restructuring with support from lenders
US department store chain Belk has completed financial restructuring with the help of its owner Sycamore Partners and lenders including KKR Credit and Blackstone Credit. The retailer received $225m of…
John Lewis may be considering additional store closures
Department store company John Lewis is reportedly said to be contemplating closing additional stores as the coronavirus pandemic continues to affect operations in the UK. The company, which also owns…
Belk enters RSA with majority owner Sycamore Partners
Department store chain Belk has reached a Restructuring Support Agreement (RSA) with its majority owner Sycamore Partners. The agreement also includes holders of more than 75% of its first-lien term…
John Lewis joins other UK retailers to suspend overseas deliveries
Department store chain John Lewis has reportedly joined the list of UK retailers that have suspended overseas deliveries. The decision has been taken as part of John Lewis’ new ‘Partnership…
Macy’s plans to shut approximately 45 stores by middle of this year
Department store chain Macy’s has reportedly revealed plans to close approximately 45 stores by the middle of this year. The planned closure is part of the retailer’s three-year plan to…
