Family Dollar to Potentially Close Nearly 400 Stores
Chesapeake, Va. — Variety store chain Family Dollar could close up to 390 stores in fiscal 2019 unless it obtains material rent concessions from landlords on underperforming stores.
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JCPenney to Shutter 27 Total Stores Across the Country
Plano, Texas — JCPenney has announced it will close 18 full-line stores, including the three that were announced in January, and nine furniture and home stores this year across the country.
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Gap Inc. to Close 230 Stores, Spin Off Old Navy
San Francisco — Gap Inc. (NYSE: GPS) will close approximately 230 Gap specialty stores within the next two years, the San Francisco-based apparel chain announced in its fourth quarter and 2018 fiscal year reports, released Thursday.
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Moonbeam Capital Investments Promotes Shawl Pryor Sr. to COO
Duluth, Ga. — Moonbeam Capital Investments LLC has promoted Shawl Pryor Sr. from senior vice president to chief operating officer.
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Payless ShoeSource’s 2,100-Store Shutdown Due to Inability to Compete with Department Stores, Says Analyst
Topeka, Kan. — Payless ShoeSource will close all 2,100 of its stores in the United States and Puerto Rico as it moves toward liquidation.
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Candytopia Opens Doors in Atlanta
Atlanta — Candytopia has opened its doors at Lenox Square in Atlanta’s Buckhead district.
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Charlotte Russe Holdings Corp. Files for Chapter 11 Bankruptcy, Plans to Close 94 Stores in U.S.
San Diego — Charlotte Russe Holdings Corp. has filed for Chapter 11 bankruptcy in Delaware.
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Edward Lampert Wins Bid, Sears to Keep 400 Stores Open
Hoffman Estates, Ill. — Former Sears CEO Edward Lampert has won a bankruptcy auction for Sears Holdings Corp., according to The Wall Street Journal and other media reports.
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Reports: Sears Reaches Temporary Deal to Avoid Liquidation, Will Keep 425 Stores Open
Hoffman Estates, Ill. — Sears Holdings Corp. (NASDAQ: SHLDQ) has reached a temporary deal to avoid liquidation and keep 425 of its stores open, according to media sources.
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JLL Atlanta Hires Eric Weatherholtz as Senior Managing Director
Atlanta — JLL Atlanta has hired Eric Weatherholtz as senior managing director.
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SRS Real Estate Partners Hires Mike Rielly to Lead SRS Signature Group
Los Angeles — SRS Real Estate Partners has hired Mike Rielly as senior vice president and managing principal in the company’s new Los Angeles office, scheduled to open in early 2019.
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Centennial Appoints Whitney Livingston COO
Dallas — Centennial has appointed Whitney Livingston chief operating officer (COO) of projects.
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