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Personal Finance and Investing

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bucolic_frolic

(51,436 posts)
Fri Feb 14, 2025, 08:25 AM Feb 2025

Can you identify the retailers owned by Catalyst Brands? [View all]

https://www.independent.co.uk/life-style/jcpenney-stores-closing-2025-location-where-b2698157.html

JCPenney is closing stores in eight states — see the full list of locations

The company confirmed that stores will be shutting their doors this year in a statement shared with The Independent on Wednesday. However, JCPenney said that the move is “unrelated to” the brand’s recent merger with the SPARC Group, which formed helped Catalyst Brands, an organization of six major retailers.

“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.

~~

In January, JCPenney confirmed its merger with SPARC Group — which owns Aéropostale, Brooks Brothers, Eddie Bauer, Lucky Brand, and Nautica — to create Catalyst Brands. Marc Rosen, formerly the chief executive officer of JCPenney who became CEO of Catalyst Brands, said his “business brings together the rich heritage of six unique brands with modern energy and a new vision for success.”

“Together, we bring scale, expertise and broad appeal to customers across America,” Rosen said in a statement at the time. “For us, customers are at the heart of what we do. We have a shared belief that customers deserve fashion and style of great quality for any and every moment in life. We will leverage our resources and best-in-class industry talent to grow our brands further.”
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