J.C. Penney files for bankruptcy

WHITE MARSH, MD—J.C. Penney filed for bankruptcy on Friday, as was predicted earlier this week. In a news release, the company announced that it had has entered into a restructuring support agreement (RSA) with lenders holding approximately 70% of J.C. Penney’s first lien debt to reduce the company’s outstanding indebtedness and strengthen its financial position. The RSA contemplates agreed-upon terms […]

REPORT: J.C. Penney planning to file for bankruptcy

UPDATE: J.C. Penney has filed for bankruptcyJ.C. Penney has filed for bankruptcy… Original story below… ——— NOTTINGHAM, MD—A major U.S. retailer may be ready to fold in the wake of the COVID-19 pandemic. Reuters reports that J.C. Penney is preparing to file for bankruptcy protection as soon as this week with plans to permanently close about a quarter of its […]

White Marsh Mall giving away up to $100,000 to support communities, restaurants

NOTTINGHAM, MD—White Marsh Mall is supporting the Feeding America COVID-19 Response Fund in a big way. Shoppers simply need to share a photo of a meal from one of their restaurants (see list below) on Instagram using the hashtag #DineDelightDonate. White Marsh Mall will then donate $10 to the fund for every post between now and June 30…up to $100,000. […]

JCPenney to extend closures, furlough workers amid COVID-19 pandemic

NOTTINGHAM, MD—The response to the COVID-19 emergency continues to take its toll on the economy. JCPenney announced on Tuesday that it would extend the temporary closure of its stores and business offices. As a result of these store closures, the company will also temporarily furlough the majority of store hourly associates, beginning on April 2nd. Beginning on April 5, a […]

Macy’s to furlough most of 125,000 employees

WHITE MARSH, MD—Macy’s plans to furlough the majority of its workforce as the coronavirus pandemic continues to take its toll on companies across the country. The company announced the move in a statement on Monday morning. All Macy’s stores have been closed since March 18 due to COVID-19.  Since that time, the company has taken measures to maintain financial flexibility, […]

Governor Hogan shuts down all bars and restaurants, reopening closed hospitals [VIDEO]

ANNAPOLIS, MD—Governor Larry Hogan held an emergency press conference on Monday morning to address the ongoing coronavirus pandemic. At Monday’s briefing, the governor announced that he had signed an executive order closing all bars, restaurants, movie theaters, and gyms as of 5 p.m. on Monday.  Delivery and carry-out services will remain unaffected. Gatherings will be limited to 50 people, consistent […]