Plano’s JCPenney and a retail company called Sparc Group announced a merger to form a new company in the market. The company, ...

The new Catalyst Brands has over $9 billion in revenue, 1,800 store locations, 60,000 employees and $1 billion of liquidity.

The default comes just months ahead of a slate of scheduled lease expirations for nearly half of the rentable space at the ...