Web Briefs

Web Briefs
J.C. Penney To Close 154 Stores

Following a comprehensive evaluation of its retail footprint and a careful analysis of store performance and future strategic fit for the company, J.C. Penney identified the first phase of 154 store closures.

Web Briefs
Canton Fair Readies Online Exhibition

The Canton Fair’s International Pavilion held an online promotion and communication conference on June 3 to help buyers and business associations in China get prepared for the first-ever online session of Canton Fair, which will be held from June 15 to 24.

Web Briefs
Amazon Leasing More Cargo Planes

Air Transport Services Group, a provider of medium wide-body aircraft leasing, air transportation and related services, has agreed to lease 12 additional Boeing 767-300 converted freighter aircraft to Amazon.com Services.

Web Briefs
Tuesday Morning Secures Additional Reorganization Financing

Tuesday Morning said that the company has obtained a commitment from BRF Finance Co., LLC, an affiliate of B. Riley Financial, Inc., for $25 million of debtor-in-possession financing as required by the company’s current $100-million DIP agreement with its existing lender group. With this commitment, the company has secured commitments for a total of $125 million to support the continuity of operations during Chapter 11 proceedings.

Web Briefs
Cubikook Launches Kitchen Knife Sharpener

Cubikook recently launched the Chef’s Sharpener (CS-T01) manual knife sharpener. The company said the sharpener comes with diamond dust rods for burr removal, tungsten blades for edge regeneration and ceramic rods for fine honing.

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