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.
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.
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.
Duluth, Ga. — Moonbeam Capital Investments LLC has promoted Shawl Pryor Sr. from senior vice president to chief operating officer.
Topeka, Kan. — Payless ShoeSource will close all 2,100 of its stores in the United States and Puerto Rico as it moves toward liquidation.
Atlanta — Candytopia has opened its doors at Lenox Square in Atlanta’s Buckhead district.
San Diego — Charlotte Russe Holdings Corp. has filed for Chapter 11 bankruptcy in Delaware.
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.
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.
Atlanta — JLL Atlanta has hired Eric Weatherholtz as senior managing director.