Christian Lacroix, Kapital, Laura Ashley, Stella McCartney, True Religion, Urban Skin RX, Vera Wang, and Vince have new owners. JCPenney has merged with SPARC Group.
Big Lots and Party were the two latest popular big stores that are shuttering their stores across the United States. Now, Macy's is the next to lose a ton of stores and FAST. In New York State, they are shutting down a ton of stores.