35 Burst results for "Jc Penney"

"jc penney" Discussed on The Rich Roll Podcast

The Rich Roll Podcast

01:31 min | 1 year ago

"jc penney" Discussed on The Rich Roll Podcast

"Assignment. Everybody else had little things to do. So i would sit and i would procrastinate all day. Do nothing like literally not even crack. Open a book. I didn't even open up lexis-nexis. I did nothing and this went on for three months. I would drive there five days a week. I would do nothing all day. I'd go to lunch with the other interns than sit around. I do nothing all day. I didn't even have social media or the internet to like. Just blow off the time. I was literally doing nothing and then he called me. And you're right. i'll never forget it. I don't remember a lot of that summer. But i do remember being called in and i remember my cheeks being bright red and my armpits were sweating like crazy and i was wearing a suit that my mother had probably bought me at. Jc penney's and he stood there and said how is it coming. You know this this speech that i need to give is coming up at love to see what you're working on and i literally blustered was like. Oh well yeah. Tons of data to go through and at the research department really helpful Yeah okay. I'm going to get it to you. I know i'm going back to school next week. I promise you done. I walked out his door. I didn't even stop by my office to turn the lights off. I went straight out to the parking lot. I jumped in my parents car. And i drove right back to muskegon michigan and i never went back. Nothing nothing it's unbelievable that you're such a capable human being when i hear that story It is unbelievable if i can change from somebody that is literally riddled.

Jc penney muskegon michigan
"jc penney" Discussed on No Jumper

No Jumper

02:58 min | 1 year ago

"jc penney" Discussed on No Jumper

"My daughter. Never be crystal guys are wondering nigga she always. She never left the house. Don't even know what. Jc penney is bloomingdale's daughter. Never had a happy meal. She one years old to be in hell organic a s. Fire down my son today again. I'll try to give a piece of cake popping. Put the whole away including the stick stick stick came off. Well you'll be having a funniest celebrity video. Put a daughter my schooling for. No what did you do. I was like okay. It's almost it's my page right now. Go follow. I want to see it. It's we got eight thousand people in this month ago. Follow little house phone to go. Follow house will have a spurs if we the email thing on the website now is it wasn't year he's out no okay. Luckily does not jumper fans ruined it. They gotta make it game bail. God wow i told i told my daughter i said okay first at school and speaking of this bro. The whole process of this year was fucking crazy row. We go to the fucking school bro. There's like four hundred parents outside with their kids. 'cause they gotta get cova tested to even go inside of spreading. That's number one bro. Number to grow. I tell my daughter. Wake up my okay. what what. What are you going to do this year was the goals. And she's like. Don't get any fs. And i say well you don't know we don't want no fs. We don't want these. We don't even know sees we want as and bs. You know what i'm saying. And i was like you know i say do good some good friends and if somebody hits you whether you do she said hit him back. I said fuck them up you that glove that right but all the fucking jumper fans queued said no sees. I'm like bro. Talking to my fucking daughter bro. About grades get fucking sees game warden. Daughter gonna come in with nickelback like my daughter get straight season report card so froude live four hundred looking at his daughter's strategies that'd be proud of my same same exact. That'd be problem i kid b.'s. Bee's gluco speaking than fucking grades. There's this kid. That was all my live one time and i said if he showed me his grades all rollers. Don't know his at.

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Stimulus And The Shopper

The Indicator from Planet Money

02:21 min | 1 year ago

Stimulus And The Shopper

"The coronavirus pandemic and recession and the employment crisis. That it brought did not hit everyone in the us economy equally and one of the clearest places we can see that is in the retail sector. Yeah so last year. Even as unemployment levels were the highest we'd seen since the great depression retail sales took off the hit an all time high record and that's partly because a lot of people who were able to keep their jobs but weren't necessarily able to travel or eat out or spend their money on those kinds of things started spending their money on stuff instead yes own sales spiked and also exercise equipment home office furniture electronics. Yeah outdoor furniture also. Took off and fire pits. Were selling out also food and cookware. Huge stuff for the kitchen and on a related note athletes or clothing. Saw a big bump you know people buying stretchy pants Stretch your paths more. Stretchy pants than i used to. They're comfortable they're comfortable and they accommodate all the extra food and do you know are changing. Lifestyle has changed what we bylik skin care. Products have done really well. I think because we're all steering visas on zoom all the time and it's not healthy. Oh it's not healthy and so then you end up spending like two hundred dollars on like makeup and face cream to try to like improve that experience yet. Not every retailer was flying high though it's been really lean times for some of them. A lot of small businesses closed their doors for example or just really struggled but some big businesses have also struggled j. crew neiman. Marcus guitar center. Jc penney gnc. I'm running out of breath all filed for bankruptcy and also last month. All of that spending everyone had been doing all that seemed to be kind of running out of steam retail. Sales started to dip of it now. Stimulus checks are arriving and a lot of retailers. Could see a boost. Fourteen hundred dollar stimulus checks are coming to most americans and that will put really desperately needed money into the hands of people to do things like pay rent buy food pay bills but also maybe buy some things. They've been waiting to get like for their home office for online school. Or maybe just for fun and this is a big deal because consumer spending people buying goods and services that makes up three quarters of the us economy. You might say so go shopping. So goes the

Marcus Guitar Center Penney Gnc Depression United States
Avon Rebrands Amid a Surge in Reps

Business Wars Daily

03:16 min | 1 year ago

Avon Rebrands Amid a Surge in Reps

"Month brought big changes to a beloved brand avon. I made a name for itself by offering housewives away to earn independent income by selling skin-care perfume and cosmetics from home but the iconic american company is no longer an independent corporation or based in america the household name cosmetics company is now to companies owned by two different international corporations south korean consumer products giant elgin household and health healthcare which bought avon's north american business and brazil's largest cosmetic company nature cosmetic os which bought the majority of the company in a deal that closed this month. Lg is also a significant investor in the net. Sure deal. it's another end of an era story which has been a familiar. Refrain of late for nearly a century and a half. Avon's presence has been a constant in the beauty sector. Now you'll say lights from the beginning. Avon was a trendsetter decades. Before american women had the right to vote avon founder. David h mcconnell gave them a chance to earn an independent living. Mcconnell was a traveling book salesman who offered perfume to his customers. As a perk. The perfume was so popular that he soon created his own product line in the late eighteen hundreds. He recruited women. He met during his book selling days. As the first quote avon ladies in the century that followed the company became a direct selling amazon with more than six million home-based representatives at its peak. But the beauty behemoth suffered an ugly fall in more recent years value plummeted from its peak of twenty billion dollars. The company struggled to keep pace with changing consumer tastes one forbes. Report blames the company's decline on a failure to adapt to the changing role of women in the workplace. An ill conceived plan to crack the retail sector in stores like sears in jc penney after well known ceo andrea junks. Ouster in twenty eleven one citigroup analysts said quote. You guys are so totally screwed up in. So many ways that change has to be radical a report in fortune recount. The company also failed to anticipate new competition. Both from companies like amazon and from upstarts like rodin and fields. That's the skin care. Brand behind the wildly popular. Acne treatment proactiv rodin and fields was purchased by estee lauder three years later and converted into a direct selling company. The brand now grosses more than a billion dollars a year. Largely because tech savvy. Soccer moms sell the lotions and serums to their pows by a social media but avon may win the beauty competition and the end. Direct sailings appeal has faded in the us. But it's still a popular concept in many other countries and the new international focus means avon can better capitalize on hot markets like the uk where pandemic job losses led to a one hundred percent surge in new rep sign ups last year and of course avon will still be doing business in its country of origin. So if you need glimmer sticks or skin so soft well fear not. They're still just a socially distanced. Quarter away

Elgin Household And Health Hea Avon David H Mcconnell Jc Penney Andrea Junks LG Mcconnell Brazil Amazon United States Citigroup Sears Estee Lauder Soccer UK
"jc penney" Discussed on WFAN Sports Radio_FM

WFAN Sports Radio_FM

01:33 min | 1 year ago

"jc penney" Discussed on WFAN Sports Radio_FM

"Well, Valeria. The JC Penney completed the list after Galaxy arrive in Singapore SANTO extra canal coupons to Savannah. Oh, our gentle or simple Correa Finnegan offered as red bow this special coupon visitors before they enter the JC Penney and gentle as market performance killers in Canton. You're prevention Trigger to Alto who doesn't celebrate Suni past J. C. Penney. Protest Villagers inventive in the quarterly. Some African goodness in his discussions, supporters experience Alice Cooper, the Basin Latina, Jason People talk. Right? Writing together, makes his brother's trouble. One keeps in contact, no matter where we go or what we do, my men and my mission come, first down Seal team New Wednesday at 98, Central on CBS. Uh, I've It so also sit. is a horrible look that it seems Oh, honey, at least purportedly Seriously, that James Harden believes I'm sick. he is above Oh, the honey, code it's protocols time for dick that the MBA will has severe set honey, for us, It's and maximum I strength would not cold be surprised and flu medicine if the MBA with comes soothing down Hard honey on licious James Harden taste. here. I love If it you, is honey. deemed And I to be Lee love to be an I met authentic the day quill video of him New partying Day Quill. Severe, at honey, a nightclub this soothing in honey the middle licious, of, daytime, you coughing, know this aching season stuff. trying He had to get fever going power because through your that day. would be Medicine a uses directive. What could help you take advantage of today's low mortgage rates.

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"jc penney" Discussed on KFI AM 640

KFI AM 640

02:54 min | 1 year ago

"jc penney" Discussed on KFI AM 640

"Foodie Friday. This is Ko Phi Jennifer. What's happening with you more than 5100. People in L. A county are now in the hospital with Cove in 19, the number is nearly doubled in just two weeks. JC Penney is shutting down more stores next year. It already is closed 150 stores since filing for bankruptcy. Now, it says it plans to close 15 more. And Justin Timberlake has a new acting gig. This singer will be in the upcoming Apple TV plus drama. Palmer, where he plays an ex con US to take care of a boy who has been abandoned by his mom will clear up that wreck on the four or five next. When you think of a filter at home water filter at home. Normally think about like small filter under the sink on its okay, but it is not A life source. Whole House water filtration system, which I've had four years at my house. First of all, it's very high end filter. So it takes the chlorine chemicals out leaves you with pure bottled water quality. And it comes out of every faucet in your home. And it comes out continuously. Not that little sink little canister. I mean, this is very high and water, but think about this. Not only is it tastes great, of course you know that. But you're also bathing in it. Your washing Closing it. You're doing your dishes in it. Imagine doing that with bottled water effectively. That's what you're doing Life source. Water can stall the system without entering your home. You're buying directly from the factory. They've been around for 36 years here in Southern California, and until the end of the month, they'll pay your sales tax. That happens once a year call 803 345009 803 345009 visit life source water dot com Life source water dot com Taste and feel the difference. Drive safely and keep your eyes on the road. But unfortunately accidents happen so you need to be prepared. If you are injured. Get the power of experienced attorneys today. Call 1 800 the law too. That's 1 808 435292. So cat, whether from Ko Phi, sunny and windy, with highs in the mid sixties to the low seventies, this report is brought to you by 1 800 the law to let's Take a look at that drive on the four or five we had a crash in west L, a four or five north of Santa Monica Boulevard. Everything's cleared over to the right shoulder, so you'll still have that activity There you're driving is suffering a bit from about Washington Boulevard starting to break up in spots. So Burbank new crash on the north outside but western at the two car wreck in the right lane. Crowded for you from the 1 34 and Rancho Cucamonga working on crash to 10, east of Day Creek. Carpool and left Lane are blocked. It's a semi that's Jack knife, so your trip is pretty rough from Millikin. Traffic is sponsored by grocery outlets. Okay, if I and this guy helps get you there faster I'm robbing banks this week. Your local grocery.

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"jc penney" Discussed on 710 WOR

710 WOR

01:40 min | 1 year ago

"jc penney" Discussed on 710 WOR

"And now with ALS, these big stores closing JC Penney and bankruptcy coming out of bankruptcy, Neiman Marcus in bankruptcy. Sears is a mess for whoever knows what the heck is going on, and Sears Barney's close, Brooks Brothers went bankrupt. All these companies going bankrupt in retail forever, 21, the darling bankrupt, they'll come back, but it's less people to sell. And people realized that if they want to be direct to consumer, they want to communicate with the consumer. They would open up their own stores. They could open up first class regular price stores on Fifth Avenue or Madison Avenue, your and your local neighborhood wherever that may be, where people shop, but they found that outlet stores. Was a great way to do business. Because outlet malls were being built every single company in the world Today is an outlet stores. There was a time that only a few brands Were announced wasn't now They all get together and they same philosophy. We talked about early in departments. Those exists in L a balls. There are luxury sections. They're designer sections their brand sections. Retail. It's not just location, location location. But it's who you sit next to If I was opening an outlet store in a mall, I wanted to be near Nike. Why? Because, like he had them lined up a crown. The block I also want to be there. Ralph Lauren Ralph Lauren builds huge stores. Ralph Lauren has billion dollar retail outlet business. Our business is interesting. It's a different philosophy. The department stores because you could have shopping an outlet store, you have to make a commitment. It's not like you.

Ralph Lauren Ralph Lauren Sears JC Penney Sears Barney Neiman Marcus Brooks Brothers Nike
"jc penney" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:41 min | 1 year ago

"jc penney" Discussed on Bloomberg Radio New York

"December 14th. Been 11 Does abrasive the JC Penney the whoever said Domingo. It is covering quantum with the Celera for this opening up on the train to Quaranta sequence a person to do this Quinto extremist entering a Latina who Stella and Robert de Invierno para todas Commodus pajamas. He must master this hour and 20% or explain Jason people to come. Yeah, Prevention triggered throughout the whole dozen. Celebra. Sunni past. J. C. Penney. One by little of this unprecedented simmering political penicillin, Mr Trump's African, especially the Dyson, DC, people to come This is Bloomberg. Daybreak. Asia. It's 45 minutes past the hour time for a check of sports from around the world. Here's Dan Schwartzman. Thanks, Dad. Arsenal finishes off a perfect run to the group stage of the Europa League with a 42 when it done dog to dominate groupie elsewhere. Todd and wins Group J with the two No one ever. Antwerp Napoli advances by taking group after the one all draw three associate that Leicester City knocks off a captain's to noodle in Group G L A. C Milan wraps up Group H by getting past Sparta Prague one nil. Can we not messy be persuaded to stay in Barcelona, one of the nine candidates for the club's presidency. Victor Font, believes that he can keep the iconic cam know if elected president Von believes he can put together a proposal for the 33 year old. That'll keep messy, tied to the club well past retirement, but would also bring back love Legend's Avi Hernandez in some capacity help keep messy, the Catalan capital. The L, A Clippers and six time All star Paul George a Green told Max four year $190 million extension that begins next year before it is already over. $35.4 million this coming season, meaning the 30 Year old will make $226 million over the next five years. The Patriots in action on Thursday night football as a six and six paths around the road at the Inn for.

JC Penney J. C. Penney Victor Font Domingo Avi Hernandez Dan Schwartzman Antwerp Napoli Quinto Clippers penicillin Arsenal Mr Trump Europa League Quaranta Barcelona Stella Jason Asia Robert de Invierno Bloomberg
"jc penney" Discussed on Business Wars Daily

Business Wars Daily

03:47 min | 1 year ago

"jc penney" Discussed on Business Wars Daily

"The beauty business can be pretty ugly. Consider the battle by department stores. Jc penney and kohl's for the affections of beauty brands sephora for the last fifteen years sephora has run stores within stores at jc penney. Those mini stores have been the most productive part of pennies credit. suisse analyst. Michael bonetti told industry publication retail dive. Naturally the last thing the struggling pennies wants to lose its golden goose especially as it attempts to emerge from bankruptcy after declaring chapter eleven protection in may but sephora hasn't been happy with its longtime partner and cast its longing i elsewhere in fact. Jc penney took sephora accord in may for attempting to leave at week reported the to came to what they say is an agreeable settlement that is sephora is honoring its commitment until the end of its contract in two thousand twenty three but the pair is still on the path to divorce in. The meantime sephora has made plans to move in with jc penney rival. Kohl's by twenty twenty three sephora and cold say there will be at least eight hundred. Fifty sephora stores within stores at kohl's nationwide retail dive because customers need to replenish makeup often in-store beauty departments help pulled in walk in traffic sephora. Could be a huge reason for customers especially younger ones to return to colds. Brick and mortar shops post pandemic. The move is particularly strategic now. Analysts say traditionally shoppers have purchased makeup. It mall based department stores but with malls dying beauty. Customers have fewer brick and mortar options. And they prefer one stop shopping. You know being able to buy makeup at the same store where you shop for clothes appliances and much more. Unlike jc penney cold stores are in suburban strip malls which will give sephora access to customers. It hasn't reached sephora. Stores tend to be an urban areas. Colds plans to make the partnership a big deal. The twenty five hundred square foot sephora departments will be placed prominently at the front of kohl's visible from outside and sometimes with their own entrances. The new colds tie up leaves. Jc penney out in the cold. The retailer is being sold. A mall landlords simon properties in brookfield asset management earlier. This month penny announced plans to start. Its own store within a store beauty concept to fill at sephora shaped holes. But that's not the only part of the streetfight worthy of a perfectly groomed raised eyebrow. The cold sephora partnership faces a much tougher competitor. Jc penney just last month targeted announced that it had successfully wooed ulta beauty to build stores within stores at target alta is of course a for his biggest rival so ken cole's compete with target by putting sephora up ulta. It certainly won't be easy during the pandemic colds share. Prices dropped almost thirty percent the company's now worth under six billion dollars according to cnbc in contrast target is booming. It's now worth about ninety billion dollars. Cnbc reports target plans to open about one hundred alta many stores nationally by the end of next year ultimately they plan to expand into hundreds of targets both target and kohl's are adding their respective beauty partners to their websites still the store within a store partnerships point out the existential facing strip mall department stores and that is post pandemic. How much in person shopping would we really do. Especially the younger women. Retailers are trying so hard to attract millennial gen z consumers. Were already used to quite a bit of online shopping. And the pandemic accelerated that trend. Furthermore with instagram and other online players pushing social commerce will any department store be able to woo these shoppers back inside. Nearly both kohl's and target believe they will time vaccine. We'll tell

sephora Jc penney Michael bonetti suisse simon properties kohl colds Kohl ken cole brookfield ulta cnbc Cnbc instagram
Sephora Says So-Long to J.C. Penney, Hello to Kohls

Business Wars Daily

03:47 min | 1 year ago

Sephora Says So-Long to J.C. Penney, Hello to Kohls

"The beauty business can be pretty ugly. Consider the battle by department stores. Jc penney and kohl's for the affections of beauty brands sephora for the last fifteen years sephora has run stores within stores at jc penney. Those mini stores have been the most productive part of pennies credit. suisse analyst. Michael bonetti told industry publication retail dive. Naturally the last thing the struggling pennies wants to lose its golden goose especially as it attempts to emerge from bankruptcy after declaring chapter eleven protection in may but sephora hasn't been happy with its longtime partner and cast its longing i elsewhere in fact. Jc penney took sephora accord in may for attempting to leave at week reported the to came to what they say is an agreeable settlement that is sephora is honoring its commitment until the end of its contract in two thousand twenty three but the pair is still on the path to divorce in. The meantime sephora has made plans to move in with jc penney rival. Kohl's by twenty twenty three sephora and cold say there will be at least eight hundred. Fifty sephora stores within stores at kohl's nationwide retail dive because customers need to replenish makeup often in-store beauty departments help pulled in walk in traffic sephora. Could be a huge reason for customers especially younger ones to return to colds. Brick and mortar shops post pandemic. The move is particularly strategic now. Analysts say traditionally shoppers have purchased makeup. It mall based department stores but with malls dying beauty. Customers have fewer brick and mortar options. And they prefer one stop shopping. You know being able to buy makeup at the same store where you shop for clothes appliances and much more. Unlike jc penney cold stores are in suburban strip malls which will give sephora access to customers. It hasn't reached sephora. Stores tend to be an urban areas. Colds plans to make the partnership a big deal. The twenty five hundred square foot sephora departments will be placed prominently at the front of kohl's visible from outside and sometimes with their own entrances. The new colds tie up leaves. Jc penney out in the cold. The retailer is being sold. A mall landlords simon properties in brookfield asset management earlier. This month penny announced plans to start. Its own store within a store beauty concept to fill at sephora shaped holes. But that's not the only part of the streetfight worthy of a perfectly groomed raised eyebrow. The cold sephora partnership faces a much tougher competitor. Jc penney just last month targeted announced that it had successfully wooed ulta beauty to build stores within stores at target alta is of course a for his biggest rival so ken cole's compete with target by putting sephora up ulta. It certainly won't be easy during the pandemic colds share. Prices dropped almost thirty percent the company's now worth under six billion dollars according to cnbc in contrast target is booming. It's now worth about ninety billion dollars. Cnbc reports target plans to open about one hundred alta many stores nationally by the end of next year ultimately they plan to expand into hundreds of targets both target and kohl's are adding their respective beauty partners to their websites still the store within a store partnerships point out the existential facing strip mall department stores and that is post pandemic. How much in person shopping would we really do. Especially the younger women. Retailers are trying so hard to attract millennial gen z consumers. Were already used to quite a bit of online shopping. And the pandemic accelerated that trend. Furthermore with instagram and other online players pushing social commerce will any department store be able to woo these shoppers back inside. Nearly both kohl's and target believe they will time vaccine. We'll tell

Sephora Jc Penney Michael Bonetti Kohl Penney Suisse Simon Properties Colds Ken Cole Brookfield Ulta Cnbc
US Bankruptcy Court Approves Sale of JC Penney

News, Traffic and Weather

00:14 sec | 2 years ago

US Bankruptcy Court Approves Sale of JC Penney

"The road back J. C. Penney is on track to emerge from bankruptcy by Thanksgiving now. That a court has approved. It sailed to Brookfield Asset Management and Simon Property Group, two of the nation's largest mall owners. Be seized area Aldinger, This is ABC News

J. C. Penney Brookfield Asset Management Simon Property Group Abc News
US bankruptcy court approves sale of J.C. Penney

Todd and Don

00:37 sec | 2 years ago

US bankruptcy court approves sale of J.C. Penney

"Store chain is exiting bankruptcy sooner than expected. Now that the bankruptcy court has approved the sale of J C penny to its landlord's, it could be out of bankruptcy by Thanksgiving, Brookfield Asset Management and Simon Property Group are buying the department store chain. Penny filed for Chapter 11 bankruptcy in May and plans to permanently closed nearly a third of its stores. In the next two years as part of its restructuring. The change will leave 600 stores remaining CEO Jill Salt. How says the company's goal from the beginning has been to ensure that J. C Penny will continue to serve customers for decades to come. GeneCo's

J C Penny Brookfield Asset Management Simon Property Group Jill Salt Penny J. C Penny
U.S. bankruptcy court approves sale of J.C. Penney

AP News Radio

00:43 sec | 2 years ago

U.S. bankruptcy court approves sale of J.C. Penney

"A bankruptcy court agreement has breathed new life into J. C. Penney stores the legacy retail chain is on track to emerge from bankruptcy by thanksgiving after a Texas court approved a purchase agreement involving J. C. Penney's two largest landlords Simon property group and Brookfield asset management along with its primary lenders about a third of the stores will close in a restructuring phase leaving six hundred locations still standing if the deal hadn't gone through this month the company would have had to go out of business but J. C. Penney still faces an uphill battle many people are staying home because of the pandemic and they're shopping online at discount stores hi Jackie Quinn

J. C. Penney Brookfield Asset Management Simon Property Group Texas Jackie Quinn
Take That, Target! Walmart Launches Hip Private Label Line

Business Wars Daily

04:03 min | 2 years ago

Take That, Target! Walmart Launches Hip Private Label Line

"A. From wondering I'm David Brown and this is business wars daily on this Thursday October I. It said that ninety percent of Americans live within ten miles of a Walmart. Now, if that's the case, why don't more people shop for clothes at the world's biggest retailer? Well, that's a question that Walmart's been trying to answer for years with limited success fifteen years ago. The company introduced a private label line and advertised in none other than vogue anybody remember that. No No. Thought. So well in the last few years Walmart has I'd competitor target with some Degree of envy as target has successfully launched several private label brands of Apparel Walmart however just hasn't been able to get out of the gate with its own apparel lines a few years ago it bought menswear brand bonobos, mud cloth, and plus sized women's wear brand eloquent since then it's sold MoD cloth and shrunk bonobos recording to retail reporter Daphne. Howland in two thousand eighteen. It also launched four private label lines and called itself a quote destination for apparel. While some of those private labels are doing well according to Ad Week for many shoppers that map lead elsewhere to this day most younger shoppers wooden named. Walmart. Apparel destination well, now Walmart is trying again last week the company launched a more upscale private label line of so-called modern essentials for men and women called Free Assembly. The line was designed by veteran of J. Crew Old Navy. Yes. bonobos Walmart says free assembly features. Classic pieces intended to be worn season after season in other words, a hip or take on fashion than the cheap generic jeans, t-shirts and athletes. Your Walmart is best known for. Initially, free assembly will be available online and in two hundred, Fifty Walmart stores according to week. The line ranges from men's carpenter jeans and flannel shirts to a structured forty-five Boyfriend Blazer for Women Free Assembly was designed for younger customers who don't already by their basics at Walmart a whole new crowd probably much like the one that shops at target and like will everyone who seeking affordable fashion on Walmart's enormous rival you know the one Amazon. have to Walmart persistence despite several failures, the company hasn't given up, but this time economic conditions have changed. So dramatically that its new apparel strategy just might actually succeed. I mean consider this some days. It seems like retailers fashion brands everywhere keeping bankruptcy attorneys and business last year seventeen major retailers declared bankruptcy according to retail dive so far this year twenty-seven have so many of these retailers but not all sell clothing from J., crew JC penney with so many apparel brands going out of business it leaves a big penny pinching for Walmart to scoop up if. And it's a big one. If it can out design target but targeted won't be easy to beat. It's apparel sales actually sank over the last few months in a week back to school shopping season. Could make that worse Wall Street Journal reporter Aaron Back Rights. But in both apparel and home target enjoys a reputation that Walmart has yet to achieve its private label brands are known for quality and design savvy back rights and that reputation sets it apart from dying department stores providing what back calls a moat against cutthroat competition from desperate retailers. Apart, from apparel sales both target and Walmart have profited as a result of the pandemic Walmart's e commerce revenues soared almost seventy five percent during the first quarter targets. Digital sales shot up one hundred, forty percent for the

Walmart Reporter David Brown Women Free Assembly Wall Street Journal J. Crew Old Navy Howland Jc Penney Aaron Back Daphne Amazon.
Mall Owners Simon and Brookfield to Rescue J.C. Penney

Morning News with Manda Factor and Gregg Hersholt

00:24 sec | 2 years ago

Mall Owners Simon and Brookfield to Rescue J.C. Penney

"C. Penny will stay open the retailer announcing today that it has struck a tentative deal with mall owners, Simon Property Group and Brookfield Property Partners, and that will save more than 600 stores from liquidation. J. C. Penney filed for Chapter 11 bankruptcy in May, after the pandemic worsened its struggles that it had been dealing with. If this deal goes through, the new owners will expect to take on about $500 million in debt at Home

Brookfield Property Partners Simon Property Group J. C. Penney C. Penny
Mall owners close to buying JC Penney out of bankruptcy

AP 24 Hour News

00:32 sec | 2 years ago

Mall owners close to buying JC Penney out of bankruptcy

"A plan in the works to try to save the remaining J. C. Penney stores. The deal is being negotiated between shopping mall owners Simon Property Group and Brookfield Property Partners and lawyers for J. C. Penney. The tentative plan to buy the ailing department store chain and save some 70,000 jobs was announced during a bankruptcy hearing. The 118 year old pennies filed for bankruptcy protection in mid May after pandemic related closers crushed the already struggling retail firm. Fine Jackie

J. C. Penney Brookfield Property Partners Simon Property Group Jackie
Mall owners close to buying JC Penney out of bankruptcy

AP News Radio

00:33 sec | 2 years ago

Mall owners close to buying JC Penney out of bankruptcy

"There's a plan in the works to try to save the remaining J. C. Penney stores the deal is being negotiated between shopping mall owner Simon property group and Brookfield property partners and lawyers for J. C. Penney the tentative plan to buy the ailing department store chain and save some seventy thousand jobs was announced during a bankruptcy hearing the one hundred eighteen year old panties filed for bankruptcy protection in mid may after pandemic related closures crush the already struggling retail firm hi Jackie Quinn

J. C. Penney Jackie Quinn Brookfield
J.C. Penney Landlords Nearing Deal to Buy Bankrupt Retailer

The Joe Piscopo Morning

00:18 sec | 2 years ago

J.C. Penney Landlords Nearing Deal to Buy Bankrupt Retailer

"A couple of mall owners air close to a deal to buy Penny out of bankruptcy. The Wall Street Journal says Simon Property group and book Field Partners are making a bid. Other bidders still have time to make an offer. To the bankruptcy court. Simon has also agreed to by Brooks Brothers out of bankruptcy with a partner authentic

Simon Property Group The Wall Street Journal Simon Brooks Brothers Field Partners Partner
Amazon to Turn Malls Into Fulfillment Centers?

Techmeme Ride Home

02:29 min | 2 years ago

Amazon to Turn Malls Into Fulfillment Centers?

"Amazon wants to literally take over malls. How exposed to China is apple. At the moment. Apple is literally doing legal battle with a pair an APP to help guide you on your psychedelic trips and why would personally be in the market for a foldable E. INC notebook. Here's what you missed today in the world of Tech. Are Telling The Wall Street Journal that Simon Property the biggest owner of malls in the United States has explored turning anchor stores previously occupied by department stores into fulfillment centers for Amazon, quote, the talks have focused on converting stores formerly or currently occupied by JC Penney and sears. The People said, the department store chains have both filed for chapter eleven, bankruptcy protection, and as part of their plans have been closing dozens of stores across the country. Simon. Malls have sixty three. Three. Penny and eleven, sears stores according to its most recent public filing in May for Amazon deal with Simon, would be consistent with its efforts to add more distribution hubs near residential areas to speed up the crucial last mile delivery. But for Simon, any deal to surrender prime space to Amazon would signal a break from a longtime business model for malls reliance on a large department store to draw foot traffic to neighboring shops and restaurants. Amazon, fulfillment centers wouldn't draw much. Foot traffic to them all though some employees could eat and shop at the mall. That's why landlords have preferred to replace department stores with other retailers, gyms, theaters, or entertainment operators. Yet, many of these tenants are struggling to survive during the pandemic and aren't in expansion mode and quote. Why not turn, them into hybrid fulfillment center. Slash pick-up center. Showroom spaces. Although as at epicurious deal said on twitter quote, interesting thought, but making malls originally designed to accommodate large inbound freight flows. But outsource last mile collection to consumers will require substantial costly outbound logistics infrastructure redesign. For example, malls have the parking lot real estate, but they don't have adequate outbound loading facilities most maybe all mall architecture is designed to capture and retain consumers. Distribution centers are designed to maximize throughput velocity and minimize goods dwell time. These design objectives are in a word incompatible and quote.

Amazon Simon Apple Jc Penney China Sears The Wall Street Journal United States Epicurious E. Inc Twitter
"jc penney" Discussed on Techmeme Ride Home

Techmeme Ride Home

02:05 min | 2 years ago

"jc penney" Discussed on Techmeme Ride Home

"Are Telling The Wall Street Journal that Simon Property the biggest owner of malls in the United States has explored turning anchor stores previously occupied by department stores into fulfillment centers for Amazon, quote, the talks have focused on converting stores formerly or currently occupied by JC Penney and sears. The People said, the department store chains have both filed for chapter eleven, bankruptcy protection, and as part of their plans have been closing dozens of stores across the country. Simon. Malls have sixty three. Three. Penny and eleven, sears stores according to its most recent public filing in May for Amazon deal with Simon, would be consistent with its efforts to add more distribution hubs near residential areas to speed up the crucial last mile delivery. But for Simon, any deal to surrender prime space to Amazon would signal a break from a longtime business model for malls reliance on a large department store to draw foot traffic to neighboring shops and restaurants. Amazon, fulfillment centers wouldn't draw much. Foot traffic to them all though some employees could eat and shop at the mall. That's why landlords have preferred to replace department stores with other retailers, gyms, theaters, or entertainment operators. Yet, many of these tenants are struggling to survive during the pandemic and aren't in expansion mode and quote. Why not turn, them into hybrid fulfillment center. Slash pick-up center. Showroom spaces. Although as at epicurious deal said on twitter quote, interesting thought, but making malls originally designed to accommodate large inbound freight flows. But outsource last mile collection to consumers will require substantial costly outbound logistics infrastructure redesign. For example, malls have the parking lot real estate, but they don't have adequate outbound loading facilities most maybe all mall architecture is designed to capture and retain consumers. Distribution centers are designed to maximize throughput velocity and minimize goods dwell time. These design objectives are in a word incompatible and quote.

Amazon Simon JC Penney sears
Amazon Reportedly Wants to Use Sears and J.C. Penney Stores as Fulfillment Centers

Techmeme Ride Home

02:05 min | 2 years ago

Amazon Reportedly Wants to Use Sears and J.C. Penney Stores as Fulfillment Centers

"Are Telling The Wall Street Journal that Simon Property the biggest owner of malls in the United States has explored turning anchor stores previously occupied by department stores into fulfillment centers for Amazon, quote, the talks have focused on converting stores formerly or currently occupied by JC Penney and sears. The People said, the department store chains have both filed for chapter eleven, bankruptcy protection, and as part of their plans have been closing dozens of stores across the country. Simon. Malls have sixty three. Three. Penny and eleven, sears stores according to its most recent public filing in May for Amazon deal with Simon, would be consistent with its efforts to add more distribution hubs near residential areas to speed up the crucial last mile delivery. But for Simon, any deal to surrender prime space to Amazon would signal a break from a longtime business model for malls reliance on a large department store to draw foot traffic to neighboring shops and restaurants. Amazon, fulfillment centers wouldn't draw much. Foot traffic to them all though some employees could eat and shop at the mall. That's why landlords have preferred to replace department stores with other retailers, gyms, theaters, or entertainment operators. Yet, many of these tenants are struggling to survive during the pandemic and aren't in expansion mode and quote. Why not turn, them into hybrid fulfillment center. Slash pick-up center. Showroom spaces. Although as at epicurious deal said on twitter quote, interesting thought, but making malls originally designed to accommodate large inbound freight flows. But outsource last mile collection to consumers will require substantial costly outbound logistics infrastructure redesign. For example, malls have the parking lot real estate, but they don't have adequate outbound loading facilities most maybe all mall architecture is designed to capture and retain consumers. Distribution centers are designed to maximize throughput velocity and minimize goods dwell time. These design objectives are in a word incompatible and quote.

Amazon Simon Jc Penney Sears The Wall Street Journal United States Epicurious Twitter
Brooks Brothers Bankruptcy: Nostalgia, Anger, and a Bidding War

Business Wars Daily

05:18 min | 2 years ago

Brooks Brothers Bankruptcy: Nostalgia, Anger, and a Bidding War

"The abandonment of the suit helps explain the struggles of one of America's most iconic fashion companies, brooks brothers, the two hundred two year old brand filed for bankruptcy protection on July eight sure blame cove nineteen, but now you'd be wrong. Suits with the three piece with Thai or skirts and high heels used to convey professionalism and competence, they served as symbols that you took your job seriously and respected your customers, the ones you were treating too expensive lunches, madman style, but even before the pandemic they'd become something of an anachronism. Most of us now see little to no relationship between the way we dress in our competence at work, think Mark Zuckerberg's hoodies. Indeed expensive suits can be viewed as a sign of elitism. Put it starkly. The corporate fashion code has gone by the wayside. Brooks brothers struggles represent a cultural shift, not just a Kobe tragedy. Brooks brothers famously dressed all but four presidents. It is the longest continuously operating fashion business in America and until this month it boasted about making its products in America the Brandon's three factories in the states in Massachusetts North, Carolina and New York. CEO Claude Delvecchio is planning to close those factories. We'll get to that in a minute. As you know, apparel sales have been decimated by pandemic closures in April nobody bought clothes whether from Brooks brothers or JC, Penney and other retail casualty, but did you know the actual numbers? Clothing sales fell almost ninety percent in April, according to retail dive, but brooks brothers began looking for a buyer about a year ago. The company operates five hundred stores two hundred of them in the US sales have been flat at about a billion dollars a year since twenty, seventeen, prior to the pandemic bankers estimated the company's value at three hundred to three hundred fifty million dollars. Figure Delvecchio disputed. As, I mentioned the company intends to close its three US factories later this month in the gritty industrial town of. Massachusetts home of its largest factory. Its largest immigrant workforce is being denied severance pay many of those workers, immigrants and refugees women from the Dominican Republic. Vietnam Burma and Nepal have made the company's fine clothing for years so far brooks isn't budging. Despite pleas from the union, and from members of Congress according to the Boston Globe in North Carolina, the factories, the only large employer in the little town of Garland closure would affect that town forever, mayor winifred. Hill, Murphy told The New York Times. In response, CEO, Del Vecchio, says for survival. We must hang onto as much cash as possible, but the globe reports that its chapter eleven filing includes plans to give compensation benefits, severance and bonuses totaling millions to other workers. Brooks brothers will transform, but unlike many of its retail brethren its survival is not in question. In fact, at least one bidder for the company believes it can earn annual revenue of three billion dollars within five years more than triple its current sales, so many buyers are vying for the brand at both the Wall Street Journal and Bloomberg used the phrase the races on those making bids. Bids Include Mall Company Simon, property, group, authentic brands, group and W. H. P. Global another bidder is a group of Italian. Investors led by a company called GIO which typically helps fashion companies improve their online presences. The Wall Street Journal possibly with tongue firmly in cheek, considering the state cut of Brooks brothers clothing says Julia wants to quote introduced some European flair to the quintessential American brand. Julia's clients include Armani Maxmara and other designers. Brooks brothers is accepting bids through August fifth, so brooks will survive, but what about it's cheaper? Rival men's warehouse tailored brands which owns men's warehouse and the more upscale Joseph. A. Bank plans to close at least a third of its fifteen hundred stores. It said this month it hasn't filed for chapter eleven protection, but it came close according to CNN. That threat remains even after it stores reopened. Sales have been falling. They were down about eighty percent at Joseph A. Bank in the first week of June, as we all continue to do business in Pajama Pants as we all know nostalgia sells Joseph A. Bank doesn't have nearly the name or the history of Brooks brothers, which drips with nostalgia. Teddy Roosevelt apparently insisted his rough riders. Riders wear the Brand Abe. Lincoln was also a brooks brothers customer, one reason for the bidding war beyond what is sure to be the lowest price anyone ever imagined for the stalwart brand. Is What author Lisa Burn? Bach believes about Fashions Post. Pandemic Future Birnbaum who authored the twenty ten book true. Prep argues that the company must be saved after the pandemic finally end, she writes. There will be weddings. There will be funerals. There will be. We hope live operas and theatre and premieres in concerts and fancy dress parties. Where we can't predict the future, but we can observe the present, and what's happening to upscale apparel in the US. WHO's buying it and WHO's making it. Reveals a lot about our rapidly changing an enormously conflicted culture.

Brooks Brothers Brooks United States America Ceo Claude Delvecchio Mark Zuckerberg Julia Dominican Republic Massachusetts CEO Teddy Roosevelt The Wall Street Journal Joseph A. Bank CNN Burma Congress North Carolina Joseph
Is Macy's Stock A Buy Ahead Of Reopenings? Here's What Earnings Show

MarketFoolery

02:21 min | 2 years ago

Is Macy's Stock A Buy Ahead Of Reopenings? Here's What Earnings Show

"Macy's is scheduled to come out with their first quarter report in a few weeks, but Preliminary results out today. Indicating macy's loss is going to be a little smaller than Wall Street was expecting. They've also raised four and a half billion dollars in debt to help shore up the balance sheet so. What do you think, Jason? It's? It's a little better for macy's. Yes, yeah I mean it. It is better in the sense that they bought themselves some more time. We always talk about, it's tough to use debt to get yourself out of debt in. Some, point down the line is gonNA. They're gonNA. Figure out how to reconcile that, but for now. I mean this does by the. Time which is really what they need most of. In a very close second is shoppers right? But I mean you go back a year? Okay, go back a year from from today we were talking about macy's and the challenges business was facing well before the pandemic ever hit. I mean at that point from two thousand fifteen on top line revenue had fallen eleven percent. Net income had fallen thirty three percent earnings per share were down twenty two percent, and then they burn through a considerable amount of cash long way round seventy percent of their cash balance. They burn through since two thousand fifteen as well so I mean. This was a business facing a lot of challenges a year ago. Fast forward today, and clearly those challenges have only grown. It's hard to imagine I. Mean we've talked this. JC Penney for so long. Does the world really need? JC? Penney mean we can ask the same thing. Does the world really need? macy's I mean I. Don't know if it really needs it. I I do feel like maybe there's. There's a bit bit more of a spot for macy's in our retail landscape. Here and I am hopeful. That management is able to weather the storm but I mean I it. It is going to be a monumental task. Going forward in, you know we still don't know how this This coming fall is really gonNA shake out I mean there are there is a there's enough uncertainty i. think in regard to what the fall season is gonNA. Look like here. As far as the pandemic goes, if we can get through the fall season with with relatively a mild conditions, this holiday season is going to be a pivotal time for macy's one where they can really capitalize, but for now yeah I, mean.

Macy Jc Penney Jason
JCPenney to close 150+ stores nationwide

Home Fix It Show

00:32 sec | 2 years ago

JCPenney to close 150+ stores nationwide

"Now one of the casualties of the coronavirus lockdown JC Penney saying it's closing a hundred and fifty stores some of them right here in Georgia of the one hundred fifty four stores J. C. Penney plans to close at seven over in Georgia among them locations at north lake mall in Atlanta Arbor place mall in Douglasville and lake shore mall in Gainesville the company's website says the stores will hold a store closing sales beginning June twelfth at lasting from ten to sixteen weeks J. C. Penney says the decision as part of its plan to emerge from both chapter eleven and the covert nineteen pandemic as a stronger

Georgia J. C. Penney Douglasville Gainesville Atlanta Arbor
"jc penney" Discussed on Rover's Morning Glory

Rover's Morning Glory

02:06 min | 2 years ago

"jc penney" Discussed on Rover's Morning Glory

"Couldn't help myself like I haven't been outside yet to see what the temperatures like what is do you wear? It that cold outside. It looks like she's in like a witness protection program. It looks like she's on video surveillance for robbing jewelry from JC Penney. Get, like some sort of. Mask or an scarf something that she's pulling up over her face then she has died in. A sweat shirt. Then she has based on. She has A. Hoodie and Teach size. Double double or triple XS L. for sure obviously. We thinks he's wearing says don't talk to me. They don't. Has Its. We've been trying to get her to wear more form fitting clothing for many many years and she just she won't she's. Given up she no I have like I remember when I was a kid. My mom had me when I was seventeen so then. I had my. My Grandmother was pretty young like a lot of friends of mine. Their mothers were like the age of my grandmother. and. My Grandmother. Just you get to a point when you're about do. She's age where you just don't care. Thank you wear whatever okay losers! I just. I'm telling you. I'm in a funk in a funk. While we're on a lockdown. toots die in. The MY, he didn't turn his mic out. He was dying laughing laughing. Just, Let. down. Outfit Laugh and looking at dealers fees. Did, you wear the mask. Come again. I haven't seen anywhere this I've not that car. I thought you're going to be freaking cautious. She's. Acting on..

JC Penney
Banks are Cutting Their Risk By Cutting Your Credit Card Limits

Business Wars Daily

04:22 min | 2 years ago

Banks are Cutting Their Risk By Cutting Your Credit Card Limits

"On this Wednesday may twentieth. Hey have you applied for a new credit card in the last couple of months if so and if you've had trouble getting approved well you're in good company? Given all the financial uncertainty were experiencing right. Now banks are nervous so they're making it much tougher to qualify for new cards to avoid taking on customers. Who may not be able to pay their bills. According to the Saint Louis Federal Reserve forty percent of. Us Bank say. They're getting choosier about who they lend money to. Where that's issuing credit cards or personal loans? That's the biggest pull back in lending since two thousand nine. According to see net among the biggest lenders to play defense this way discover financial services apply for a discover card. And you'll find the company verifying your employment not just your credit score and if you are approved your credit limit may well be less than you'd hope for on recent earnings called discover CEO. Roger Hawks Trial said the company's taking these and other steps to quote curtail risk to put it more plainly discover and other financial institutions. WanNa make sure they don't get saddled with too much. Unpaid debt pre pandemic discover had been growing steadily and profitably twenty. Nineteen was a good year and the company was expecting twenty twenty to be even better instead. Discover lost about sixty million dollars in the first quarter of this year and its future like the future of so many other businesses is clearly uncertain which is to say things may not be any easier at the other major credit card companies both city and capital. One say they are also tightening up credit requirements C net reports. Okay so maybe you can't get a new card and you haven't seen one of those zero balanced transfer offers that to flood your mailbox in months but that's not all. Some companies are reducing credit limits for existing customers. It's happening a lot one out of four American credit card users. That's fifty million. People have had their credit limits slashed on at least one card in the previous thirty days some have even had an account closed. That's according to a survey by compare cards a service owned by lending tree. Those changes are hitting Gen Z. Millennials and Gen xers equally according to see net. Apparently baby boomers are being spared so far. This is a tough thing to have happened. If you've just lost your job or you expect to and it often comes as a rather ugly surprise credit cards dot com analysts had rosman told Marketwatch. Most people don't realize how much freedom credit card issuers have to cut limits or even cancel cards without warning companies that acknowledged they're assessing credit limits. Include Wells Fargo. Us Bank in American Express and American Express spokesperson told Marketwatch that the company is based in credit limits on quote real time. Evaluations of a person's financial help so too is synchrony financial which issue store credit cards including JC Penney. Gap and American Eagle outfitters discovers. Roger Hawks child however is expressly said the company is not slashing credit limits or closing inactive accounts given the millions of Americans who are now jobless hawks trial call those actions challenging according to Bloomberg. Pulling away credit. When they need it most can have tremendously adverse impacts hawks trial set indeed. Many people rely on credit cards as emergency funds in April about a month into lockdowns about forty seven percent of Americans had credit card debt. That's up four points from March. According to a survey by CREDIT CARDS DOT COM and having your credit limit reduced or a card cancelled can hurt your credit score. Even as news rolls out about the new challenges of getting and keeping credit banks are also enrolling people in programs intended to help almost half a million discover account holders signed up for its skip a payment program. Those account holders have balances of more than three and a half billion dollars altogether. Yes you heard that right. Billion WITH A B. Other issuers are also

Roger Hawks Us Bank Marketwatch American Express Saint Louis Federal Reserve American Eagle Outfitters Jc Penney Hawks CEO Rosman Bloomberg
JC Penney plans to close more than 240 stores

Colorado's Morning News with April Zesbaugh and Marty Lenz

00:23 sec | 2 years ago

JC Penney plans to close more than 240 stores

"Crisis we're not learning just how many stores J. C. Penney plans to close after filing for bankruptcy last week the retailer filed papers saying that nearly thirty percent of its eight hundred forty six locations will shut down by the next fiscal year nearly two hundred are expected to close this year with another fifty following the following year no word yet on exactly which stores are closing

J. C. Penney
"jc penney" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

09:18 min | 2 years ago

"jc penney" Discussed on Bloomberg Radio New York

"Some of them in a restructuring the department store chain has around eight point four billion dollars in debt a statement from JC Penney said that the company had support from some of its creditors for bankruptcy restructuring plan that would eliminate billions of dollars in debt it would have to be approved by a judge Steve casting down the York Canada's biggest airline plans to lay off at least twenty thousand employees because of the pandemic Air Canada says the layoffs will affect more than half the I'm Jim Johnson and I'm Charlie Pallett Aplin broke world headquarters the federal reserve has issued a stark warning that stock and other asset prices could suffer significant declines should the corona virus pandemic deepened with the commercial real estate market being among the hardest hit industries it was an off day on Wall Street but a losing week stocks rose as traders look past a trade jitters and weak economic data Michael Hewson is chief market analyst at CMC markets in London the upside remains very very critical I think one of the top kind all the recent range I think we are going to struggle to go much higher from where we are at the moment another thing for the volatility with a slight bias towards the downside is probably well I think we'll probably got one of the big challenges for policymakers and investors has been assessing the risks of re opening the economy too soon Jonathan Golub is chief U. S. equity strategist at Credit Suisse securities what we're saying is that there's almost a plateauing at around two thousand deaths a day and it's not coming down at the what would that means to me is that people are going to remain scared to go into public places the department store giant to JCPenney has filed for bankruptcy after a long slow decline for the once ubiquitous mainstay of America's shopping malls the retailer once a favorite of middle class suburban consumers have been seeking solutions to address billions of dollars in obligations after revenue evaporated amid government imposed lockdowns to help stem the covert nineteen pandemic another day on Wall Street with the S. and P. five hundred index climbing eleven points up four tenths of one percent the Dow up sixty up three tenths nasdaq up seventy R. by eight tenths of one percent global news twenty four hours a day on air and on QuickTake by Bloomberg powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries I'm Charlie palette this is Bloomberg this is a masters in business with very results on Bloomberg radio my extra special guest this week is Henry Cornell he is the founder of Cornell capital previously he was one of the original architects of Goldman Sachs merchant banking division he is a trustee for the navy seal foundation as well as a trustee for the Whitney museum of art and the Asia society previously he was chairman of the citizens committee of New York City Henry Cornell welcome to Bloomberg thank you very very nice to be here I'm intrigued by your background somewhat I too am an attorney who is now reforms and and working in finance you're a Davis poll before joining Goldman Sachs how did that transition from attorney to investment banker come about well I thought frankly the hand of god had come down and touched me when I got the job at Davis Polk I went to a small law school and I was the first one that ever got there and I couldn't believe my good fortune they were kind and sent me to London for a while and had me doing lots of stuff in New York but my last review there they said you know you're the lawyer not the banker on the deal and that set off a bell in my head and I interviewed around the street and like the ethos of Goldman Sachs which was not as concerned about where your parents came from or what college you went to but what you could add to the team and so I was fortunate to get that job in the spring of nineteen eighty four so you you moved to Tokyo in nineteen eighty eight to work on building out Goldman Sachs real state efforts in Asia and then on to Hong Kong in ninety two what was your experience like in Asia in the late eighties when their market peaks and then in the early nineties well coming to Tokyo in eighty eight was without a doubt the hottest city on the planet I was fortunate to have worked on a lot of Japanese deals while I was in the states and my boss asked me if I would go and see if I could build relationships in Japan so at age thirty two I kissed my mother goodbye hopped on a plane and it was crazy I mean if you recall the time there was a book a week being published saying Japan was going to take over the world the real estate value of the imperial palace was more than the state of California on paper and a hamburger cost fifty Bucks so it was like the best party you ever went to in college but by nineteen ninety one it was like the worst hangover you had in college people were talking to themselves walking down the street and at that time Bob Rubin who is the chairman of Goldman authorized the creation of GS capital partners and Hank Paulson was ultimately does the boss on that and Hank said how would you like to go to Hong Kong and open up Asia for us and I said Hank don't want to really run investment banking anymore I really want to get involved in this investment effort and his comment you don't really know anything about investing and actually got no one else wants to go so it was a mutual mutual agreement went down and you know we had about ten people at the time and you know when I left in two thousand we're well over a thousand so it was extraordinary to I've been in Japan as it rose and then watched that crash and then get to China as Deng Xiaoping opened up the country and people forget we still are far far below that nineteen eighty nine peak in Japan which was six times the valuation of our ninety nine two thousand dot com peak so the hangover continues you really have been at your almost like Zelig from Woody Allen movie at these crucial moments in history so you you leave the peak of Japan on this early days of the crash to go to the opening of Hong Kong what was that experience like that had been madness also well frankly extraordinary luck to be present at the creation of history I was fortunate literally to watch China go from al suits to blue suits bicycles to cars and the greatest explosion of human creativity human wealth creation I think in history because it was just unleashed and the appetite for knowledge the desire to build was extraordinary and to be in a position where I had a checkbook and could be the financial partner in building out enough the country was was an extraordinary experience and even when I moved back to the states I still continue to run Asia and it's an important part of my firm strategy today so it's a lifelong it was a lifelong gift frankly so you mention even when you go back to the states you you come back to the U. S. and now suddenly you go from investing in real estate to private equity what was that transition like well actually when I moved to Hong Kong and ninety two I ran both the real estate private equity group as well as the corporate equity group and when I moved back to the states I just focused on corporate corporate equity and you may recall the time everybody was doing dot com and frankly there were so many investments I'm not sure anyone really knew what the right hand was doing to the left hand and again I went to thank you said it's really a little crazy and I would like to get back to basics focus on traditional merchant banking consumer industrial strategy we had strong presence in financial institution investing I helped to create the energy investing platform so we went back to you know back to the future so to speak and did not do what we didn't know but did what we did no and so turn that around in two thousand and O. one and O. two and that's the time merchant banking and private equity was a pretty small portion of Goldman Sachs revenue stream today not so much it's become pretty substantial hasn't well in that time I would say from two thousand up until two thousand ten so as the you know we got through the financial crisis it was a small group but on a per pound basis we're definitely punching way above our weight the firm supported the effort and was roughly twenty percent of the capital so when you and then you have partners and employees also co investing so roughly thirty cents of every dollar was family money so to speak so when you went to talk to other folks to join you it was effectively investing with Goldman Sachs coming up we continue our conversation.

JC Penney
"jc penney" Discussed on KLBJ 590AM

KLBJ 590AM

04:37 min | 2 years ago

"jc penney" Discussed on KLBJ 590AM

"Credit card find it in the appalling JC Penney office telephone fifty one twenty but offers a bit the store to get a company fails what you're binge watching where you're eating these days maybe want to brag about a restaurant you recently experienced in learned about yourself let's see Mike is in east Austin good morning Mike and Mike Bordin does hate us so always good show by the way are you going back to the older days you know don mentioned holiday house they were really good they are she never has went on but there is a tribute to holiday house black marquis there on Barton springs road yes a member of the holiday house was there they had a Gator oh sure sorry the alligator sure yes all right well they're still a little alligator Porsche statuette right outside the door right about where the the little pond was gonna have to look for next time I've been down there that's right this Walker tried by the door try with the pod right about four feet away from where the parkway that that is a fitting what is it what is the tribute okay I mean I I don't know it holiday house at the original location down on Barton springs road had it literally had a moat in front of it gotcha occupying that moat was a actual alligator gag channel real at Charlie the alligator who I'm not totally convinced was ever actually alive yeah because I never sought blinker move now now Mike what it what is the tribute at blacks what do they have well they've got a a little statuette little Gator statuette right outside the door because Terry black wash is the was the original location of the original Holly a now occupied by Terry Blacksburg yeah my favorite barbecue in Austin Texas there you go there is no attribute their their that's no classes I enjoy the staff yeah and unfortunately Charlie the alligator was killed by a bunch of drunk frat guys one night that's a positive good story right there what happened was some some guys for kicks went and bricked the alligator to death what yeah yeah threw bricks at it rocks you might get arrested I believe so I believe so long time ago which fraternity was that I don't remember but I seem to remember there was a for a for a fraternity connection might have been some kind of initiation thing or something I might be wrong because it was a long time ago yeah but I seem to remember that it was some connection there and they kill Charlie the alligator home maybe somebody would now somebody listing might now the state horrible would end so yeah it is sad Hey good morning Janice I'm talking to don I knew all of y'all about holiday now yeah I kind of was raised there lived here all my life and as a teenager you couldn't wait to get to be a teenager so you could go drive to the parking lot all mail because it's the order it was and I had always had a number two with mustard what did you order number two no onions and large fry in large dog coke there you go and get that close but I got codes well yeah it was a big hit they're the ram or are they I've heard of track out near dripping springs on the last going out of town that is owned by some relatives of the more on and trying to bring it back bring holiday has hamburgers back that's right that's right I heard about no I need to assure the only way you can do that is cooking over charcoal so hope and now I have and I'm wondering if they're doing it any other way than that it doesn't count I know right now while I won't have anything to do with it now won't even talk to him if it's not only if it's not cooked over charcoal I will not even look in their direction well I I'm going to try to give it a try my husband and I and anyway we haven't made it out there yet but we're not that far away where no kill so no big deal let me know yeah I will I will like to all of us good luck to all and god bless us all absolutely and god bless Texas thank you Jen Hey man Hey man a man she misses she misses those that lighter fluid smell after the holiday house Los just a tad still not had of lighter fluid never hurt anybody yeah glad you're able to catch up with all your old high school girlfriend yeah yeah yeah Jenner live on the radio yeah she she I mention those hips are little big now probably.

JC Penney
"jc penney" Discussed on Newsradio 970 WFLA

Newsradio 970 WFLA

01:39 min | 2 years ago

"jc penney" Discussed on Newsradio 970 WFLA

"JC Penney whatever fire rescue says the smoke was so thick that it covered an entire city block forcing several that commissions in the area officials Ron seen all morning today helping your by businesses reopen it's a scene smoke and and what water damage down to the restaurant and living quarters on the second for the restaurant is estimated at four hundred and fifty thousand dollars to earn in a county deputies on their lunch break while patrolling the what you watch a river met prevented the death of a four month old rescued from an overturned canoe on Sunday according the sheriff's office marine Japanese Stevens now in Japanese Acree Burkhart who's now was training for the marine unit have been performing vessel inspections when they saw canoe overturned in the water and a woman screaming once it up he's got the canoe upright they found the four month old strapped into a car seat not wearing a life vests and not breathing the infant however began breathing a crying by the time the Japanese got to the shoreline and began performing first aid after the trial was taken to the hospital to be checked out Japanese no reportedly found out that the person reading the canoe to the couple what the child plays a life vest on the info before they left the dock father was given a citation but deputies say the two maven panic in rough waters when the canoe overturned two companion bills in the state house and Senate are taking aim a climate change in Florida specifically the expected sea level rise will affect many major coastal cities the proposals will create the statewide office of resiliency under the governor's office but also create the sea level rise task force that task force would recommend projections of sea level rise and potential flooding risk by January first of next year those projections would then impact decisions on buildings and projects in affected areas it's real five newsradio WFLA whether it's coming up next WFLA news brought to.

JC Penney Japanese Stevens Acree Burkhart Florida Ron Senate
"jc penney" Discussed on KNST AM 790

KNST AM 790

01:50 min | 3 years ago

"jc penney" Discussed on KNST AM 790

"A Colorado mall shooting nine J. Metzler fox news that shooting yesterday afternoon inside the JC Penney store at the town center in Aurora a suburb of Denver a seventeen year old boy was killed shoppers scrambling to avoid the gunfire as yet no word on who was arrested that mall the same one where James Holmes opened fire inside a movie theater killing twelve wounding dozens more back in twenty twelve five people were killed when a light plane crash shortly after taking off from the airport and Lafayette Louisiana the plane was headed to the peach bowl in Atlanta where the LSU Tigers were making that schools first appearance and the national college football playoff game on board thirty year old TV sports reporter Carley McCord her father in law Steve and Springer is LSU's offensive coordinator was told over death by the team's head coach the grieving he opted to focus on the game which Ellis you one sixty three to twenty eight kind of speaks to the larger story of how the tiger unity is coming together through all this and how how tightly knit they really are anchor reporter harassing golden with fox TV affiliate W. GMB in baton Rouge one person survived the crash is hospitalized in serious condition another man injured when debris struck his car a plane reportedly hit a power line was trying to make it back to the airport when it went down the search resume this morning for the seventh person on a tour helicopter that crashed on the top of the mountain in one E. six bodies have been found no indications anyone could have survived that crash it's now snowing in Bismarck North Dakota.

baton Rouge fox TV Ellis Lafayette Louisiana JC Penney J. Metzler Colorado Bismarck North Dakota reporter Aurora LSU Springer Steve Carley McCord LSU Tigers Atlanta James Holmes Denver
"jc penney" Discussed on WTVN

WTVN

03:24 min | 3 years ago

"jc penney" Discussed on WTVN

"Gunshots inside the JC Penney store on the first floor when officers arrived on scene they did find one party who was suffering from a gunshot wound no arrests made in connection to the case and a monster storm pounding the southwest moving into the plains and Midwest over the weekend parts of California roads were closed in the mountains there just outside of LA and San Diego three feet of snow reported there it's moved out to California and now we're looking at states like Arizona New Mexico up to Colorado that's through tonight into early tomorrow that's Melissa Griffin taught anti BC news gonna go with fifty six for Saturday a very mild day will start out with some fog early on then a little bit of sunshine for the clouds thicken up again Saturday night the rain moves in and we're going to have a windy wet gusty Sunday but high of sixty two I'm ABC six first morning chief meteorologist Marshall might be going your severe weather station news radio six ten WTVN this is to talk to Ian Punnett call the wild card one eight one eight five zero one four one zero nine the first time caller line is eight point eight five zero one four seven two one to talk tool free from east of the Rockies call eight hundred eight two five five zero three three from west of the Rockies toll free call eight hundred six one eight eight two five five this is coast to coast AM with Ian Punnett so if you're looking out the window if you're driving in a car you got the windshield wipers going get going because a significant winter storm is shaping up this weekend I was just reading weather dot com heavy snow strong winds may produce to blizzard conditions in the northern plains that's blizzard conditions in fourth hurt planes some freezing rain icy roads you get into the mountainous areas lots a hills heavy snow pummeling parts of the southwest could still happen which is great for the ski resorts the love to get that trying to hold onto it for a little while but some of the snow and ice will be spreading all the way up to the northeast of the next thirty six hours that could be all the way up to the very the northern tip of New England but making perhaps some travel plans for people who are going to be coming in around airports and driving a little more hazardous so.

LA California Mexico Colorado Melissa Griffin chief meteorologist Marshall Ian Punnett Rockies New England JC Penney Midwest San Diego Arizona BC ABC
"jc penney" Discussed on WHAS 840 AM

WHAS 840 AM

02:34 min | 3 years ago

"jc penney" Discussed on WHAS 840 AM

"Gunshots inside the JC Penney store on the first floor when officers arrived on scene they did find one party who was suffering from a gunshot wound no arrests made in connection to the case and a monster storm pounding the southwest moving into the plains and Midwest over the weekend parts of California roads were closed in the mountains there just outside of LA and San Diego three feet of snow reported there it's moved out to California and now we're looking at states like Arizona New Mexico up the Colorado that's through tonight into early tomorrow that's Melissa Griffin taught at a BC news now it's time to talk about new year's resolutions so we have here on ninety seven point one wash FM you when I should resolve this year to get better sleep and we can make that happen with mattress warehouse in their new year sale and with zero percent interest financing at a one year price guarantee mattress warehouse is the easy choice because I won't put any strain on your wallet check out sleep happens dot com find a mattress warehouse near you will get that matched and get that new mattress so you can get better sleep in twenty twenty three this warehouse com cultura dermatology in plastic surgery is committed to providing superior expertise to enhance your skin and your own natural beauty schedule your free consultation to learn more about your skin health at cultura med dot com that's C. U. L. T. you are a med dot com are you ready to dominate the markets with one of the fastest trading platforms ever take the tasty works trading challenge we'll give you to market days and five brands is much as two hundred fifty Bucks and stocking ETF trades you'll give us a run for our money and once you open your account your friends for credit for awesome prizes rise to the tasty works trading challenge sign up today at T. C. works dot com slash I heart buckle up his metro is bringing you the best deal in wireless switch to metro they get your choice of two awesome free phones from top brands like Samsung LG with huge HD screens and tons of memory for all your pics and videos so hurry in the metro and get your awesome free phones only at metro plus sales tax an activation fee requires ported of eligible number not currently active on T. mobile network correct about maturing past ninety days limit four per account for household restrictions apply see store for details and terms and conditions as say you knew the risks when you decided to drive drunk there could be a crash people could get hurt or killed but that didn't stop you did it you knew you could get arrested you could incur huge legal expenses and.

LA California Colorado Melissa Griffin T. C. JC Penney Midwest San Diego Arizona BC C. U. L. Samsung
"jc penney" Discussed on ESPN Chicago 1000 - WMVP

ESPN Chicago 1000 - WMVP

02:28 min | 3 years ago

"jc penney" Discussed on ESPN Chicago 1000 - WMVP

"Dot com Chicago land so down the twenty twenty very less style at four winds casino live entertainment party favors and a chance to win a share of one hundred fifteen thousand dollars in cash just gets better with great dining make reservations for copper rock steakhouse can get the grill or hard rock cafe today is it four winds casino dot com let's party yet four winds casino entertainment is before I got married my dad told me happy wife happy life really my told me get blamed you became man's a genius the clock ticking till Christmas and your JC Penney associate will help you find the perfect FTC penny reports numbers get select diamond jewelry for twenty five dollars each or get an extra twenty percent off with your JCPenney credit card and use it to get seventy percent off select gold and silver jewelry JC Penney twenty four percent other if you get a contact details okay you know how it feels when you've saved enough for that long awaited home addition now imagine in addition on that addition that's the feeling with Capital One renew savings account earns an interest rate five times the national average that's right five times as represented by five times more singers this is banking Capital One within your terms apply comparison based on FDIC national right Capital One N. A. member FDIC guys are you ready to heat things up this Christmas thank bill with a win win this year give her something that'll make her feel hot and heat up your holiday to how with this super warm world famous thirty forty from pajama Graham Americans PJ experts because let's face it it's hard to be hot when she's freezing cold body forty is the ultimate solution because it combines the warmth of a hoodie with coziness at forty pajamas head to toe warmth means she'll be cozy in no time best of all you don't have to wrap up because every pajama Graham includes free gift packaging and delivery by Christmas is guaranteed plus they're backed by a one hundred percent lifetime guarantee that you risk nothing want more the jam a gram is celebrating ten years of thirty forty so right now for a limited time you can save ten dollars on who the forties when you use the.

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"jc penney" Discussed on MyTalk 107.1

MyTalk 107.1

05:14 min | 3 years ago

"jc penney" Discussed on MyTalk 107.1

"Aid JC Penney's jewelry box she had seen it like that is fifty nine ninety nine and her husband Dave as she wrote Dave decided it was best to get me a custom made jewelry box giving the artist freedom of expression this was brought into my house with a sheet over it delivered by the artist himself with a full reveal of would you like to see what's under the sheet the best part was I got to write the check before he left for several hundred dollars now I sent the picture I will get up on the dynasty showings page but Donna would you describe this in your inbox custom made that my sister got well if I had to give it a name I would call it a tall it unicorn jewelry box nice to everybody or tusk it looks okay it kind of looks like a building I was does look like a building I was gonna say bird house on Hey at a little table that it weirdly that's where she's putting her jewelry is outside of the jewelry scattered about I did it on the top of it is this giant phallic husk it was for like you can't even put rings on enter anything into this giant arms sized pointy us so we're talking about having to a little bit of performance anxiety when receiving a present from someone in public you know what do you think she did when it was delivered with a sheet covering at well in in the artist says alright Cheney takes it off and this phallic husk his direct on the top of it it's almost the size of the jewelry box itself all it had no offense but you know thank you for sharing that Cheney would you have calls coming in great Kitty is on the line Hey Katie are you walk into the confessional all right good and giggling about that until users will pose it alright so what's the worst gift you've ever received a Christmas of mine that I'm a proud that though that it would not a hint get gassed and he really but I think doing this with good intentions and have hired at this early on in my marriage stocking stuffer my husband had just stagnate mean directly didn't keep her I am a graduate medical school nice stepped up the ship would be able to start reading prescription and in my stocking in there was a prescription written for me for a day flew again oral medication for vaginal yeast infection global yolk no starting to get so I mean like you know but not at not at easy medication Gerry is that when you can buy over the counter no it would be nice for her guide I would like this is the worst thing you have okay I don't know that we can beat that with any call what we are yeah yeah and there was also a great diamond earrings and there you go the boy has to the medication just what every girl once I said the vitamins were right next to the yeast medication of perfect a match made in heaven right Kitty that is hilarious okay I'm uncomfortable now all we're gonna go to Donna Donna is online too hi Donna good morning you're in the confessional good morning what's your worst wackiest the last Christmas segment I thank god for my ex husband why are a set of knives very nice kitchen knives so by the time the next Christmas rolled around we were divorced yet but we always had Christmas together because of the kids so I bought him an electric blanket nice I figured it would be something to keep them warm are you okay like because he need we put a lot not a lot of people that's right I get it I get a message well Gee thank you this from Tiffany on our Facebook hitches is ready my mom gave me a picture frame worst Christmas gift ever that matched her set of picture frames and it had to stay at her house but I could put a picture in it well that is still a gift with a purpose you know it is and nothing to do with you thank you my dad once gave me says Chris the eighty million candle light spotlight I don't hunt I don't camp and I lived with my parents in the suburbs Y. you know what a super bright flashlights yeah gold wool.

JC Penney Dave hundred dollars