NEW YORK – Sephora will be replacing all cosmetics areas at Kohl's with 2,500 square foot shops, starting with 200 locations in the fall of year. Earlier this month, Target said it would be opening Ulta Beauty shops in more than 100 stores next year. J.C. Penney said its developing its own cosmetics area to replace Sephora when that agreement ends. Rougeot said Sephora was attracted to Kohl's because of its network of 1,100 stores, mostly outside of malls. The Sephora shops, which will feature about 100 brands, will be at the front of Kohl's stores.

NEW YORK – J.C. Penney is on course to emerge from bankruptcy by Thanksgiving, after a U.S. bankruptcy court approved the sale of the ailing 118-year-old retailer to its two largest landlords and its primary lenders. Meanwhile, Amazon and big discounters like Walmart and Target are only getting stronger as they offer low prices and one-stop shopping. Retailers are worrying about the effects on their business with a surge of new cases all over the country. Its financing agreement expires on Nov. 16 and the sale had to close by Nov. 20 to avoid the company going out of business. “Our goal from the beginning of this process has been to ensure J.C. Penney will continue to serve customers for decades to come and this court approval accomplishes that objective,” said Jill Soltau, CEO of J.C. Penney, in a statement.

NEW YORK – Two mall operators filed for bankruptcy protection Monday, hurt by the coronavirus pandemic that has forced their tenants to permanently close stores or not pay rent. Both companies, CBL and Pennsylvania Real Estate Investment Trust, said their malls will remain open as they go through the bankruptcy process. Mall tenants, which operators rely on for rent payments, are also stressed. Based in Chattanooga, Tennessee, CBL operates malls across the U.S., including EastGate Mall in Cincinnati and West County Center in St. Louis. PREIT, based in Philadelphia, has more than 20 properties, including Cherry Hill Mall in Cherry Hill, New Jersey, and Viewmont Mall in Scranton, Pennsylvania.

NEW YORK – J.C. Penney believes it will emerge from bankruptcy protection before Christmas under a new ownership agreement that would save tens of thousands of jobs. The beleaguered, century-old retailer said Wednesday that it has filed a draft asset purchase agreement with the two biggest mall owners in the U.S. Substantially all of J.C. Penney's retail and operating assets will be acquired by Brookfield Asset Management Inc. and Simon Property Group through a combination of cash and new term loan debt. Details of the deal that will save roughly 70,000 jobs and avert a total liquidation first emerged last month during a bankruptcy hearing. The Plano, Texas, retailer will shed nearly a third of its stores in the next two years as it restructures, leaving just 600 locations open.

FILE - In this Nov. 24, 2017, file photo, a shopper heads into a J.C. Penney store in Seattle. Mall owners Simon Property Group and Brookfield Property Partners are close to a deal to buy department store chain J.C. Penney out of bankruptcy and keep the chain running, an attorney for Penney's announced Wednesday, Sept. 9, 2020. (AP Photo/Elaine Thompson, File)NEW YORK Mall owners Simon Property Group and Brookfield Property Partners are close to a deal to buy department store chain J.C. Penney out of bankruptcy and keep the chain running. We are all committed to moving this quickly and saving J.C. Penney," Sussberg said during the court hearing. Mall owners are facing big challenges as stores close or are unable to pay rent.

NEW YORK J.C. Penney said Thursday that it will start closing 154 of its stores next week in what it is calling the first phase of its efforts to shrink its footprint. A list of the stores closing was published on Penney's website. J.Crew and Neiman Marcus sought bankruptcy protection days before J.C. Penney. All three were laden with debt and had trouble connecting with shoppers, who are increasingly skipping the mall and shopping online. As part of its bankruptcy reorganization, Penney said it planned to permanently close nearly a third of its 846 stores in the next two years.

NEW YORK NEW YORK (AP) J.C. Penney said Thursday that it will start closing 154 of its stores next week in what it is calling the first phase of its efforts to shrink its footprint. A list of the stores closing was published on Penney's website. Penney filed for bankruptcy protection last month, making it the biggest retailer to do since the coronavirus pandemic forced non-essential stores to be shut down temporarily. J.Crew and Neiman Marcus sought bankruptcy protection days before J.C. Penney. As part of its bankruptcy reorganization, Penney said it planned to permanently close nearly a third of its 846 stores in the next two years.

FILE - In this May 8, 2020, file photo, a J.C. Penney store sits closed in Roseville, Mich. The coronavirus pandemic has pushed troubled department store chain J.C. Penney into Chapter 11 bankruptcy. (AP Photo/Paul Sancya, File)NEW YORK J.C. Penney will permanently close nearly 30% of its 846 stores as part of a restructuring under bankruptcy protection. The Plano, Texas, retailer said Monday that it plans to close about 192 stores by February 2021, and then 50 additional stores in the year after that. J.Crew and Neiman Marcus sought bankruptcy protection days before J.C. Penney.

NEW YORK The coronavirus pandemic has pushed the storied but troubled department store chain J.C. Penney into Chapter 11 bankruptcy. Penney is the biggest retailer to file for bankruptcy reorganization since the pandemic and joins luxury department store chain Neiman Marcus, J.Crew and Stage Stores. In fact, U.S. retail sales tumbled by a record 16.4% from March to April. The restructuring should reduce several billion dollars of its debt and provide more flexibility to navigate the financial fallout from the pandemic, Penney said. Like many department stores, Penney is struggling to remain relevant in an era when Americans are buying more online or from discounters.

The Herald-Palladium reports that the retailer was at the mall for 40 years after about 55 years in downtown Benton Harbor. BENTON TOWNSHIP, Mich. - A J.C. Penney store has closed after more than 90 years at two locations in southwestern Michigan's Berrien County. Display racks and shelves were sold Friday to mark the last day at Orchards Mall near Benton Harbor. The Herald-Palladium reports that the retailer was at the mall for 40 years after about 55 years in downtown Benton Harbor. A longtime customer, Rose Thomas, says she "wanted to cry" when she saw the closing sign.

The Herald-Palladium reports that the retailer was at the mall for 40 years after about 55 years in downtown Benton Harbor. BENTON TOWNSHIP, Mich. - A J.C. Penney store has closed after more than 90 years at two locations in southwestern Michigan's Berrien County. Display racks and shelves were sold Friday to mark the last day at Orchards Mall near Benton Harbor. The Herald-Palladium reports that the retailer was at the mall for 40 years after about 55 years in downtown Benton Harbor. A longtime customer, Rose Thomas, says she "wanted to cry" when she saw the closing sign.