The luxury giant will close more than 200 stores after falling sales

The luxury giant will close more than 200 stores after falling sales

Luxury fashion may portray an image of glamor and exclusivity, but all that glitters is not gold. Behind the five-figure-plus price tags and highly coveted brand names, the industry has struggled with declining sales and cautious consumer spending amid continued economic uncertainty. Founded in 1963, Kering is the French multinational luxury goods group behind some … Read more

JCPenney reveals an unexpected update on the future of 119 stores

JCPenney reveals an unexpected update on the future of 119 stores

Once a mall mainstay and department store for generations of families since 1902, JCPenney has endured turbulent years marked by bankruptcy, mass store closings and restructuring efforts. Now, as the retailer continues its long road to recovery, another major setback has emerged. In July 2025, JCPenney entered into a $947 million deal with private equity … Read more