JCPenney has merged with another company to create a retail powerhouse based in Dallas-Fort Worth. The North Texas chain and Sparc Group LLC announced Jan. 8 they had combined to form Catalyst Brands,

The collaboration brings a spunky take on fashion, with an emphasis on petites, to the family-oriented department store.

The 650-location department store chain has joined forces with the company behind names such as Eddie Bauer and Aéropostale to create a company called Catalyst Brands.

Retailers are banding together for a massive operation based out of Texas that will see JCPenney merge with the parent company of Forever 21. Known as Catalyst Brands, the new company includes ...

The new Catalyst Brands has over $9 billion in revenue, 1,800 store locations, 60,000 employees and $1 billion of liquidity. The combined organization is a joint venture formed in an all-equity transaction between JCPenney and Sparc, with shareholders Simon Property Group, Brookfield Corporation, Authentic Brands Group and Shein.

JCPenney merges with Sparc Group to form Catalyst Brands, combining six brands and boasting $9 billion in revenue.

Both JCPenney locations in Albuquerque are among more than a hundred stores that are up for sale as a part of the retailer's bankruptcy plan.

It remains to be seen if merchandise bearing the names of brands like Aeropostale, Eddie Bauer and Nautica, all now aligned with JCPenney, will make their way into JCPenney stores.

The department store chain is teaming up with the Sparc Group in an all-equity merger to form Catalyst Brands, the Wall Street Journal reported. The company will be led by Marc Rosen, who most recently served as the chief executive officer of JCPenney. It will be based in Plano, Texas, where JCPenney is headquartered.

The JCPenney stores at the Coronado Center and Cottonwood Mall are included in a portfolio of 121 JCPenney stores that hit the market this month. Newmark is listing the portfolio on behalf of Copper Property CTL Pass Through Trust, according to its website.

The joint venture brought together Sparc Group’s Aeropostale, Brooks Brothers, Eddie Bauer, Lucky Brand and Nautica with JCPenney and its private brands, including Stafford, Arizona and Liz ...