Latest news with #MikeSnider
Yahoo
21 hours ago
- Business
- Yahoo
119 JCPenney stores sold in nearly $1 billion deal, including 6 in Florida
Another change is coming to JCPenney stores around the U.S. and this time Florida could feel an impact. A Boston private equity firm will pay $947 million for 119 JCPenney stores, including six in Florida. The all-cash sale of 119 JCPenney properties to an affiliate of Onyx Partners, Ltd. was announced by Copper Property CTL Pass Through Trust July 25. The transaction is scheduled to close on or before Sept. 8. In February, JCPenney announced eight locations would be closed this year, adding to the list of more than 200 closures planned. No Florida stores were on the list. Here's what to know. Why is JCPenney closing stores? JCPenney filed for Chapter 11 bankruptcy protection in May 2020. At the time, the company said it would close more than 200 locations across the country. The chain was later acquired by Simon Property Group and Brookfield Asset Management Inc. in December 2020. In January 2025, JCPenney said it had partnered with Forever 21 to create a new company called Catalyst Brands. The department store chain, which currently has about 650 stores, was one of the largest retailers to file for Chapter 11 bankruptcy protection. Will the 119 JCPenney stores sold remain open? All 119 stores — including six in Florida — that were sold are currently open for business. The buyer, Onyx Partners, did not respond to a request for comment from USA TODAY. Which JCPenney stores in Florida, US are being sold? Map shows JCPenney stores sold in Florida Among the 119 stores sold were six in Florida, located in: Brandon Clearwater Panama City Beach Pembroke Pines Plantation Wellington How many JCPenney stores are left in Florida? According to JCPenney's website, there are 44 stores open in Florida in the following cities: Altamonte Springs Aventura Boynton Beach Brandon Clearwater Clermont Coral Springs Davenport Daytona Beach Fort Myers Gainesville Hialeah Jacksonville Jensen Beach Kissimmee Lake City Lakeland Melbourne Merritt Island Miami - 3 Naples Ocala Ocoee Orange Park Orlando Panama City Panama City Beach Pembroke Pines Pensacola Plantation Pompano Beach Port Charlotte St. Petersburg Sanford Sarasota Spring Hill Tallahassee Tampa - 2 Vero Beach Wellington What is Copper Property CTL? Copper Property CTL Pass Through Trust was established to acquire 160 retail properties and six warehouse distribution centers from JCPenney as part of its Chapter 11 plan of reorganization. Contributing: Mike Snider, Sara Chernikoff, USA Today This article originally appeared on Palm Beach Post: JCPenney sells 119 stores for $947 million. See Florida, US locations Solve the daily Crossword
USA Today
21 hours ago
- Business
- USA Today
Data breach causes dating app to take down messaging system
Tea, a popular dating app that allows women to review and conduct background checks on men, experienced a massive data breach that exposed sensitive information about its users. The app announced on Monday, July 28 that some direct messages were accessed in the cyber-attack, along with tens of thousands of photos and other personal information. In a post on social media, Tea said it 'recently learned that some direct messages (DMs) were accessed as part of the initial incident.' 'Out of an abundance of caution, we have taken the affected system offline,' the statement said. 'At this time, we have found no evidence of access to other parts of our environment.' Tea Dating Advice allows women users to vet their dates, using crowdsourced information and public records to evaluate men, including their online dating profiles. The intention, according to the app's website, is to make dating safer for women. When did the initial security breach occur? On July 25, the company announced that a security breach compromised "a legacy data storage system" of about 72,000 images, including photos of users and images from posts, comments and direct messages in the app. The breach has raised concerns among its users and reignited conversations online about digital safety and privacy. It has also resurfaced some controversies over the premise of the application, particularly among men. Here's what to know about the app and the recent data breach. What is the Tea app? Tea Dating Advice was unveiled in 2023 but only recently gained popularity after receiving increased attention online. Its name comes from the phrase "spilling tea," or sharing secrets or gossip. The app provides users with a way to check the personal history of men, including a "Reverse Image Search" feature that helps catch men catfishing − pretending to be someone else online to attract potential romantic partners. Women on the app can also post anonymous dating reviews, share experiences with men they've dated (good and bad, giving them corresponding "green" or "red" flags) and share other information. "Tea ensures that women have the information they need before meeting someone new," the company says on its website. How many people use the site? More than 1.7 million women have used the app, according to the company. If you joined the app before February 2024 and are concerned about your driver's license information or other personal information being misused, you can find tips on the Federal Trade Commission's Identity Theft website. In a statement on their website, Tea wrote, "we are currently working to determine the full nature and scope of information involved in the incident." The statement added, "If you have questions or concerns, please contact our support team at support@ Contributing: Mike Snider, USA TODAY
Yahoo
a day ago
- Business
- Yahoo
119 JCPenney stores sold in nearly $1 billion deal. See list of locations.
About five years after JCPenney filed for bankruptcy, a Boston private equity firm will pay $947 million for 119 JCPenney stores. The all-cash sale of 119 JCPenney properties to an affiliate of Onyx Partners, Ltd. was announced by Copper Property CTL Pass Through Trust on July 25. The companies expect a Sept. 8 closing of the deal for the net-lease stores, which pay rent and operating expenses. Property management company Newmark and Hilco Real Estate had been seeking buyers for these JCPenney locations for Copper Property, a trust formed by JCPenney's lenders as part of the retailer's reorganization after its 2020 bankruptcy filing. "The Buyer has now completed its due diligence, and its deposit under the Agreement is non-refundable," Copper Property Trust said in a news release on July 25. Home Depot: The famous giant Skelly goes high tech in retailer's 2025 Halloween line Following JCPenney's bankruptcy, Copper Property took control of about 160 JCPenney locations and six distribution centers. Simon Property Group and Brookfield Asset Management Inc. took over JCPenney operations and the remaining locations. The department store chain, which currently has about 650 stores, was one of the largest retailers to file for Chapter 11 bankruptcy protection. The money from the transaction will go to JCPenney creditors. After closing costs, between $928 million and $932 million will be distributed, principal financial officer Larry Finger said on July 28 during a conference call discussing the transaction. JCPenney stores sold: Will all remain open? All 119 stores that were sold are currently operational. The buyer, Onyx Partners, did not respond to a request for comment from USA closed more than 200 U.S. locations when the retailer filed for bankruptcy amid the COVID-19 pandemic. More recently, seven store closings announced in February 2025 became official in May 2025. Which JCPenney stores are being sold? See map, list Newmark had told prospective buyers its JCPenney Retail Portfolio comprised 121 properties totaling 16.05 million square feet of retail space across 35 states, including 21 in Texas and 19 in California. Two properties – one in Florida and one in Pennsylvania, according to a Securities and Exchange Commission filing – were sold to the Simon and Brookfield group for $21 million earlier this year. Mike Snider is a national trending news reporter for USA TODAY. You can follow him on Threads, Bluesky, X and email him at mikegsnider & @ & @mikesnider & msnider@ What's everyone talking about? Sign up for our trending newsletter to get the latest news of the day This article originally appeared on USA TODAY: JCPenney portfolio of 119 stores sells for $947 million: See locations Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
USA Today
a day ago
- Business
- USA Today
When do you get your Social Security payment for August? See schedule
Social Security payments for the month of August follow a normal schedule. But those who were previously overpaid by the Social Security Administration may get smaller benefit checks. That's because the agency was expected to begin withholding 50% of benefits for those who have been overpaid but have yet to begin repayments. The SSA hasn't released a number of how many recipients may have been overpaid. However, a February 2025 report by the SSA's Office of the Inspector General found the agency overpaid $13.6 billion in Social Security benefits during fiscal years 2020 to 2023. About three-fourths of overpayments (72%) happened because beneficiaries did not successfully report information to SSA that negatively affected their benefits. Such information could include additional salary or retirement earnings and changes in medical condition, such as the end of a disabling condition. Social Security benefits – paid mostly to recipients who are older or retired – are typically paid on Wednesdays. If your birthdate falls between the first and 10th days of the month, you are issued payments on the second Wednesday of the month (this month, that's Aug. 13), according to Social Security Administration's calendar. Social Security: Two-income retired couples may lose $18,100 annually in Social Security in 2033 Subsequent payments go out weekly: recipients born between the 11th and 20th are paid on the third Wednesday (Aug. 20), and those born after the 20th of the month get payments on the fourth Wednesday of the month (Aug. 27), according to the SSA calendar. Social Security recipients who began getting benefits before May 1997 are paid on Aug. 1. Social Security payment schedule for August The Social Security Administration's yearly schedules of benefit payments for 2025 and 2026 are available online, so you can check the calendar for budgeting purposes. Regular Social Security retirement benefits for the month of July will be sent out on the SSA's usual schedule: SSI payment schedule for August, rest of 2025 and into 2026 Recipients of Supplemental Security Income checks will be issued payments on the first business day of the month, which is Friday, Aug. 1. SSI checks will be sent out on the following dates in 2025 and early 2026, according to the SSA calendar: What is SSI? Supplemental Security Income (SSI) is a benefit program for persons with limited income or resources, those aged 65 or older, and those who are blind or have a qualifying disability. Children with qualifying disabilities are also eligible, according to the SSA's website. Adults who qualify for SSI typically do not have monthly wages above $2,019. If you think you may be eligible for SSI, you can begin the application process online, in person at your local Social Security office, or by calling 1-800-772-1213 (TTY 1-800-325-0778) from 8 a.m. to 7 p.m. local time during the work week. Mike Snider is a national trending news reporter for USA TODAY. You can follow him on Threads, Bluesky, X and email him at mikegsnider & @ & @mikesnider & msnider@ What's everyone talking about? Sign up for our trending newsletter to get the latest news of the day
USA Today
2 days ago
- Business
- USA Today
119 JCPenney stores sold in nearly $1 billion deal. See list of locations.
About five years after JCPenney filed for bankruptcy, a Boston private equity firm will pay $947 million for 119 JCPenney stores. The all-cash sale of 119 JCPenney properties to an affiliate of Onyx Partners, Ltd. was announced by Copper Property CTL Pass Through Trust on July 25. The companies expect a Sept. 8 closing of the deal for the net-lease stores, which pay rent and operating expenses. Property management company Newmark and Hilco Real Estate had been seeking buyers for these JCPenney locations for Copper Property, a trust formed by JCPenney's lenders as part of the retailer's reorganization after its 2020 bankruptcy filing. "The Buyer has now completed its due diligence, and its deposit under the Agreement is non-refundable," Copper Property Trust said in a news release on July 25. Home Depot: The famous giant Skelly goes high tech in retailer's 2025 Halloween line Following JCPenney's bankruptcy, Copper Property took control of about 160 JCPenney locations and six distribution centers. Simon Property Group and Brookfield Asset Management Inc. took over JCPenney operations and the remaining locations. The department store chain, which currently has about 650 stores, was one of the largest retailers to file for Chapter 11 bankruptcy protection. The money from the transaction will go to JCPenney creditors. After closing costs, between $928 million and $932 million will be distributed, principal financial officer Larry Finger said on July 28 during a conference call discussing the transaction. JCPenney stores sold: Will all remain open? All 119 stores that were sold are currently operational. The buyer, Onyx Partners, did not respond to a request for comment from USA closed more than 200 U.S. locations when the retailer filed for bankruptcy amid the COVID-19 pandemic. More recently, seven store closings announced in February 2025 became official in May 2025. Which JCPenney stores are being sold? See map, list Newmark had told prospective buyers its JCPenney Retail Portfolio comprised 121 properties totaling 16.05 million square feet of retail space across 35 states, including 21 in Texas and 19 in California. Two properties – one in Florida and one in Pennsylvania, according to a Securities and Exchange Commission filing – were sold to the Simon and Brookfield group for $21 million earlier this year. Mike Snider is a national trending news reporter for USA TODAY. You can follow him on Threads, Bluesky, X and email him at mikegsnider & @ & @mikesnider & msnider@ What's everyone talking about? Sign up for our trending newsletter to get the latest news of the day
