Latest news with #CatalystBrands
Bloomberg
7 days ago
- Business
- Bloomberg
Value driving consumer purchases: Catalyst Brands CEO
Bloomberg Markets: The Close Marc Rosen, Catalyst Brands CEO, says Catalyst Brands are offering pre-tariff pricing, keeping prices in line with last year. The brands' supply chains span multiple countries. He speaks to Scarlet Fu and Katie Greifeld on "The Close." (Source: Bloomberg)
Business Wire
27-06-2025
- Entertainment
- Business Wire
The Most Impressive Wedding of the Year is Happening this Week in Venice. And it's all hosted by JCPenney (Yes, JCPenney).
PLANO, Texas--(BUSINESS WIRE)--The most talked about wedding is happening in Venice this week (no, not that one!) — on the canals of Venice, California, that is. The difference? It cost a lot less than the rumored $10 million; try $10,000, and we have the receipts to prove it. "But [JCPenney] didn't just say yes to our dream — they made every detail possible, from outfitting every guest in gorgeous fashion to the venue and cake, and most importantly, creating memories we'll cherish forever.' That's right. While some eyes are on a high-profile wedding happening this week in Venice, Italy, JCPenney (yes, JCPenney!) is inviting everyone else to celebrate a more relatable love story, one where the only thing extravagant is the joy. The wedding – marrying high school sweethearts who reunited 14 years later, Estefany Gomez and Leonardo Rendon – brought together family, friends and a guest list dressed in this summer's hottest fashion from JCPenney, all without the jaw-dropping price tag. From the fashion to the florals to the reception playlist (hello, free Spotify), we proved what smart shoppers already knew: You don't need a superyacht when you've got super taste. No paparazzi when all your guests have phones. No helicopters needed – we can drive, thanks. No grand orchestra or celebrity DJ – just pure heart. With a stunning backdrop of the Venice canals, the whole event is giving 'glamorous' a run for its money and proving that looking and feeling like a million bucks doesn't have to cost it. 'We've always dreamed of a California wedding, but with our families living on opposite coasts, it felt out of reach,' said Estefany and Leonardo. 'When JCPenney reached out, we honestly wondered if it could really happen. But they didn't just say yes to our dream — they made every detail possible, from outfitting every guest in gorgeous fashion to the venue and cake, and most importantly, creating memories we'll cherish forever.' From the breathtaking $99 gown to the perfectly tailored $350 tuxedo, every detail was a masterclass in affordable style. All wedding elements were provided by JCPenney – from the guests decked out in the newest summer cocktail dresses and suiting, to the tablescapes and decor, wedding bands and fine jewelry, and even the hair and makeup artistry by JCPenney beauty and salon experts. 'Most of us aren't planning our weddings with a ten-million-dollar budget or a palazzo on standby,' said Marisa Thalberg, Catalyst Brands Chief Brand and Marketing Officer. 'At JCPenney, we know that the most memorable celebrations are the ones filled with real moments surrounded by the people we love, and style that surprises everyone, and that's why we're quietly redefining what's possible for couples everywhere – delivering wow-factor memories, minus the jaw-dropping price tag.' Check out the full receipt and follow along #TheOtherVeniceWedding. And if you think you can beat our $10K budget, drop us an @ on how you're saving with JCPenney on summer's most glamorous moments. About JCPenney JCPenney, part of Catalyst Brands, is the shopping destination for America's diverse, working families. With inclusivity at its core, the Company's product assortment meets customers' everyday needs and helps them commemorate every special occasion with style, quality and value. JCPenney offers a broad portfolio of fashion, apparel, home, beauty and jewelry from national and private brands and provides personal services including salon, portrait and optical. The Company and its 50,000 associates worldwide serve customers where, when and how they want to shop – from to more than 650 stores in the U.S. and Puerto Rico. In 2022, JCPenney celebrated 120 years as an iconic American brand by continuing its legacy of connecting with customers through shopping and community engagement. Please visit JCPenney's Newsroom to learn more and follow JCPenney on Facebook, Instagram, and Twitter.
Yahoo
09-06-2025
- Business
- Yahoo
JCPenney to close Haslet location and lay off 300 Texas employees, WARN notice says
Five years after filing Chapter 11 bankruptcy and amid over 200 store closures, JCPenney will soon shutter a logistics center and lay off nearly 300 Texas employees. The retail giant released the news in a Worker Adjustment and Retraining Notification (WARN) letter submitted to the Texas Workforce Commission on June 3. The layoffs will affect 296 employees in the North Texas town of Haslet. People are also reading: Houston-based Chevron to lay off 200 Texas employees mid-July, WARN notice says The layoffs will occur in two increments, as stated in the WARN letter. Some employees will lose their jobs over the first half of August, while the rest will be laid off in the first half of November. The Haslet warehouse will close around Nov. 1. "JCPenney is always seeking ways to adapt and enhance our operations with the goal of providing a better experience for our customers," JCPenney said in a statement to the Dallas Morning News. "After a thorough review of our organization, we've made the difficult decision to close our JCPenney Alliance Regional Logistics Center." At the beginning of the year, JCPenney revealed it had partnered with Forever 21 to create a new entity called Catalyst Brands. Brooks Brothers, Aéropostale, Lucky Brand, Nautica and Eddie Bauer were also included in the merger. In January, Catalyst Brands announced the opening of 1,800 store locations and the hiring of 60,000 employees. However, a JCPenney spokesperson had told USA TODAY that the store closures were not related to the merger. In April, a Catalyst Brands spokesperson told USA TODAY that the company was "optimizing" its structure and cutting around 9% of its corporate roles. The closures may be due to "expiring lease agreements, market changes or other factors," a JCPenney spokesperson added. Two months before Catalyst Brands made corporate cuts, JCPenney laid off around 5% of its own corporate staff. — CHRON and USA TODAY contributed to this report. This article originally appeared on Austin American-Statesman: JCPenney closure to lay off 300 North Texas employees: WARN notice
Yahoo
26-05-2025
- Business
- Yahoo
JCPenney Closing 7 Stores Day Before Memorial Day
A beloved retail giant is closing several locations as American shoppers choose to remain in the comfort of their own homes to shop online for what major departments stores have to offer. Earlier this year, JCPenney announced it partnered with Forever 21 to create a new company called Catalyst Brands in a merger that included Brooks Brothers, Aéropostale, Lucky Brand, Nautica and Eddie Bauer. Not long later, USA Today first reported the beloved retail brand would be closing a number of locations. However, those closures are not related to the Catalyst Brands launch, which said it expects to open 1,800 store locations and hire 60,000 employees. While that venture takes off, JCPenney will be closing seven stores on May 25. "The latest JCPenney closures, which were initially announced in February, come after more than 200 U.S. locations shuttered when the retailer filed for Chapter 11 bankruptcy protection in May 2020," USA Today said. "The chain was later acquired by Simon Property Group and Brookfield Asset Management Inc. in December 2020." According to USA Today, the stores that will close on May 25 include The Shops at Tanforan in San Bruno, CA; The Shops At Northfield in Denver; Pine Ridge Mall in Pocatello, ID; West Ridge Mall in Topeka, KS; Fox Run Mall in Newington, NH; Asheville Mall in Asheville, NC; and Charleston Town Center in Charleston, WV. In a previous announcement JCPenney revealed it would be closing its location in the Westfield Annapolis Mall in Annapolis, MD. However on May 19, a JCPenney spokesperson confirmed that through an extended lease agreement, the location will remain open through Aug. 31. A specific reason for the closures was not immediately known, but JCPenney suggested individual store closures may occur due to "expiring lease agreements, market changes or other factors."
Express Tribune
21-05-2025
- Business
- Express Tribune
JCPenney stores closing: Find out full list of stores to close by May 25
Listen to article JCPenney is set to close seven more stores across the United States on Sunday, May 25, continuing the retailer's long and complex journey of restructuring after years of financial struggles. These latest closures affect locations scattered across the country, including malls in San Bruno, California; Denver, Colorado; Pocatello, Idaho; Topeka, Kansas; Newington, New Hampshire; Asheville, North Carolina; and Charleston, West Virginia. This round of closures is part of the aftermath of JCPenney's Chapter 11 bankruptcy filing in May 2020, a critical moment that came after years of declining sales, changing consumer habits, and fierce competition from e-commerce giants and fast-fashion retailers. In the wake of the bankruptcy, JCPenney shuttered more than 200 stores nationwide and underwent major ownership changes when Simon Property Group and Brookfield Asset Management acquired the chain later that year. Since then, the company has been working to redefine its brand and business model. Early this year, JCPenney merged with Forever 21 and several other well-known apparel brands including Brooks Brothers, Aeropostale, Lucky Brand, Nautica, and Eddie Bauer, forming a new parent company called Catalyst Brands. This merger was designed to leverage synergies between these retailers, aiming to operate roughly 1,800 store locations and create tens of thousands of jobs. Despite this ambitious partnership, JCPenney emphasizes that the newest store closures are unrelated to the Catalyst Brands merger. Instead, the company attributes these decisions to typical factors like expiring lease agreements, evolving market conditions, and other operational considerations. For instance, JCPenney had earlier planned to close its Westfield Annapolis Mall location in Maryland but recently extended the lease through August 31, signaling that some stores may remain open depending on business circumstances. A spokesperson for Catalyst Brands also indicated that the company is optimizing its corporate structure, which has resulted in about a 9% reduction in corporate roles. This reflects ongoing efforts to streamline operations and focus resources where they are most needed amid a rapidly changing retail landscape. As JCPenney moves forward, these closures underscore the challenges traditional department stores face in adapting to new shopping behaviors and economic pressures. For customers in affected cities, the May 25 shutdown will mark the end of an era, while the retailer continues its search for a sustainable path ahead. The full list of stores closing on May 25 are:
