“We look forward to emerging from both Chapter 11 and this pandemic as a stronger retailer, continuing to implement our Plan for Renewal, and building capabilities focused on satisfying customers’ wants and needs,” Jill Soltau, former chief executive officer of JCPenney, said in a statement at the time.
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.”.
“The decision to close a store is never an easy one, but isolated closures do happen from time to time due to expiring lease agreements, market changes or other factors,” the representative continued.
In January, JCPenney confirmed its merger with SPARC Group — which owns Aéropostale, Brooks Brothers, Eddie Bauer, Lucky Brand, and Nautica — to create Catalyst Brands.
We continue to work to make every dollar count for America's diverse, working families and welcome them to shop at our other JCPenney stores in the area and at JCPenney.com.”.
