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J.C. Penney CEO Exits Abruptly, New Owners Seek Someone Focused on ‘Modern Retail': DMN
J.C. Penney’s new owners, Simon Property Group and Brookfield Asset Management, said Wednesday that they have launched a search for a successor to CEO Jill Soltau.
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J.C. Penney Has Moved Out of Its Plano Headquarters
Barricades block off the main entrance to what was once the grand rotunda of the J.C. Penney headquarters in Plano. In view through the windows are rows and rows of desks that have been cleaned out with signs on them that say “Done.”
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Sale of J.C. Penney Approved by Bankruptcy Court, Giving the Retailer a Second Chance
J.C. Penney is on track to exit bankruptcy by Thanksgiving, defying naysayers who believed the 118-year-old company was heading to the department store graveyard. At the end of a 10-hour hearing Monday to review and exhaust all other prospects for Penney, U.S. Bankruptcy Court Judge David Jones approved the sale of the Plano-based retailer to its two largest landlords...
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Mall Owners Close to Buying JC Penney Out of Bankruptcy
Mall owners Simon Property Group and BrooMall owners Simon Property Group and Brookfield Property Partners are close to a deal to buy Plano-based department store chain J.C. Penney out of bankruptcy and keep the chain running.
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J.C. Penney Lawyer Says Chain Is Going Forward With Sale
An attorney for J.C. Penney told a bankruptcy judge Wednesday that the company is going forward with a sale of its business and expects the deal to be completed by the fall.
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JC Penney Releases List of 154 Stores Set to Close This Summer
Bankrupted J.C. Penney announced Thursday the list of the 154 stores it plans to close this summer, with store closing sales kicking off June 12.
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DFW ‘Better Prepared' for Retail Bankruptcies, Store Closures
Dallas-Fort Worth is better prepared to withstand the current economic downturn, with respect to the announced impending closures of several major retail stores, than perhaps any other major metro area in the country, according to a leading retail industry source.
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El Paso Shooting: 22 Dead, More than 20 Wounded in Walmart Attack
The gunman arrested in the El Paso shooting that left 22 people dead was charged with capital murder on Sunday, and authorities are treating the attack as a domestic terrorism case. El Paso County District Attorney Jaime Esparza told reporters that the state of Texas also plans to seek the death penalty, adding, “We will hold him accountable.” “We have...
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El Paso District Attorney Plans to Charge Suspected Shooter with Capital Crimes
El Paso District Attorney Jaime Esparza discusses his plans to charge the suspected El Paso Walmart shooter with capital murder. If convicted, the suspect would face the death penalty.
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Collin Creek Mall Rezoning Case Gets Green Light in Plano
After years of near-misses, plans to revive a dying mall in Collin County are moving forward. Collin Creek Mall in Plano is nearly empty now, but a developer’s plans to demolish parts of the structure and add new housing took a big step forward Monday night.
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Plans to Redevelop Collin Creek Mall Take a Major Step
In Collin County, plans to revive a dying mall took a major step forward this week.
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Frisco Shoplifting Ends in Hit & Run
Frisco police say they arrested a shoplifting suspect after a hit and run.
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Final 900 Evacuees Leave Houston Convention Center, Hundreds Remain in Dallas
The last 900 Hurricane Harvey evacuees taking shelter at the George R. Brown Convention Center in Houston have been relocated as the site returns to regular business. Hundreds of evacuees remain in Dallas while Fort Worth cleared their shelter Monday.
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Developer Planning Makeover of Collin Creek Mall
Forty years after it was built, the Collin Creek Mall may soon undergo a massive makeover.
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As Retail Struggles, Some Malls Are Trying to Give Shoppers a Luxury ‘Experience'
Malls have long been a staple of American consumer culture. But as sales for traditional retailers continue to decline, malls of the past are undergoing serious changes to make sure they’re still attracting consumers in the age of the internet. Developers are experimenting with a range of experience-based offerings, from luxury movie theaters to upscale food courts, to give shoppers...
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One JCPenney Bluebonnet Field Bulldozed, Others Remain in Plano
A developer who purchased much of the J.C. Penney Company’s campus in Plano promises to preserve the remaining bluebonnet fields there and plant even more.
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Macy's Closing Creates Questions About Future of Collin Creek Mall
The future of Collin Creek Mall in Plano could be in question after Macy’s announced it’s closing its doors.