This week was a tough week for consumers. Both JCPenney and Joann Fabrics and Crafts announced they would be closing stores.

Retailer JCPenney will permanently close eight stores in eight states this year. According to Axios, the department store revealed it would be shuttering eight out of 650 stores in 2025.

Catalyst Brands, the operating company for a slew of retailers including J.C. Penney, Aéropostale, Brooks Brothers, Eddie Bauer, Nautica and Lucky Brand, has laid off 5% of its corporate ...

Catalyst Brands, the newly formed parent of JCPenney, is cutting 5% of its corporate workforce. The company was only created recently when JCPenney merged with New York-based Sparc Group ...

Things haven't been going to great for department store giant JCPenney. The retailer has announced that they have come to a difficult decision to close 8 stores in 8 different states. The ...

JCPenney is getting leaner with eight store closures in the coming months, five more than previously announced. The Plano retailer will shutter the stores by midyear, stretching from California to ...

PLANO, Texas — The parent company of North Texas-based JCPenney confirmed it’s laying off 5% of its corporate staff. A spokesperson for Catalyst Brands, the company formed after Plano-based ...

“While we do not have plans to significantly reduce our store count, we expect a handful of JCPenney stores to close by mid-year,” a spokesperson for JCPenney said. “The decision to close a ...

Another day. Another announcement about store closings. JCPenney announced Thursday it will close eight locations this year, adding to the list of more than 200 closures planned. Earlier this week ...