Rebecca Ayers - HoustonNewMedia.org

Texas economy shows continued signs of expansion, according to Dallas Fed report

Rebecca Ayers — Fri, 25 Sep 2020 20:03:24 +0000

The Texas economy showed continued signs of expansion in August.

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Texas banks’ net income fare better than national results, FDIC report shows

Rebecca Ayers — Thu, 17 Sep 2020 12:53:21 +0000

The Federal Deposit Insurance Corp. reported a 70% decrease in net income in the second quarter 2020 compared to a year ago. Meanwhile, Texas banks saw less than a 1% decrease in net income in the same time period.

Texas banks saw quarterly net incom...

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Experts weigh in on court approval of Neiman Marcus’ reorganization plan, the retail landscape ahead

Rebecca Ayers — Tue, 15 Sep 2020 19:56:30 +0000

Neiman Marcus received court approval of its reorganization plan, but how quickly the retailer will ultimately recover is up in the air.

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Analyst weighs in on J.C. Penney’s agreement to sell retail business to Simon Property Group and Brookfield Property Partners

Rebecca Ayers — Mon, 14 Sep 2020 19:41:55 +0000

J.C. Penney Co. Inc. recently announced that it reached an agreement to sell its retail and operating assets to Brookfield Property Group and Simon Property Group for $1.75 billion. Bloomberg Senior Retail Analyst Poonam Goyal said that this was certai...

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J.C. Penney to sell retail business to Simon Property Group and Brookfield Property Partners, NYT reports

Rebecca Ayers — Wed, 09 Sep 2020 23:04:05 +0000

The deal values JCPenney at $1.75 billion.

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Dallas Fed economist discusses the state of the banking industry amid Covid-19 pandemic, inflation

Rebecca Ayers — Mon, 31 Aug 2020 20:00:13 +0000

Federal Reserve Bank of Dallas Senior Economic Policy Advisor Anthony Murphy spoke with the Dallas Business Journal about how the banking industry has been impacted by the current recession and inflation.

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Houston PE firm ZT Corporate investing millions in Physicians Surgical Network Affiliates

Rebecca Ayers — Thu, 06 Aug 2020 19:33:53 +0000

The strategic partnership was established to invest in the development and acquisition of acute-care health facilities in Texas and Florida.

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Pier 1 Imports IP bought by New York-based investment firm Retail Ecommerce Ventures

Rebecca Ayers — Fri, 31 Jul 2020 20:00:49 +0000

Retail Ecommerce Ventures won the rights to Pier 1 Imports Inc.’s label and assets related to its e-commerce business for $31 million, according to a news release.

New York-based REV now has the Fort Worth-based retailer’s assets including the tradem...

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How online lender Kabbage Inc. adjusted its strategy to participate in the PPP

Rebecca Ayers — Mon, 27 Jul 2020 23:00:00 +0000

From never doing an SBA loan before to becoming the eighth most-active PPP loan provider in Houston, here's how Kabbage Inc. is serving small businesses in the Bayou City and beyond.

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Texas-based bank reduces workforce

Rebecca Ayers — Wed, 17 Jun 2020 19:47:33 +0000

Texas Capital Bank has cut jobs, the Dallas-based bank confirmed.

“Maintaining a cost structure that supports sustainable profitability means effectively managing expenses and allocation of resources,” a spokesperson said in a statement. “Like many co...

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Financial services firm founder and CIO discusses current strategy

Rebecca Ayers — Wed, 03 Jun 2020 13:04:10 +0000

“At this point, either the market is forecasting a much faster recovery than the estimates are indicating, or the market is getting ahead of itself and getting carried away with the positive news flow of (states) reopening.”

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J.C. Penney’s chief digital officer discusses online strategy amid pandemic

Rebecca Ayers — Tue, 02 Jun 2020 19:44:57 +0000

Karl Walsh spoke with the Dallas Business Journal about the company’s digital strategy and changing consumer behavior.

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Pier 1 Imports receives bankruptcy court approval for wind-down, liquidation sales

Rebecca Ayers — Mon, 01 Jun 2020 19:30:28 +0000

Pier 1 Imports Inc. has received approval from the U.S. Bankruptcy Court for the company’s planned wind-down of operations, according to a news release.

As previously announced, Pier 1 plans to start store-closing efforts and liquidation sales once st...

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Another Texas-based retailer files for Chapter 11 bankruptcy protection

Rebecca Ayers — Wed, 27 May 2020 16:48:12 +0000

Tuesday Morning Corp. (Nasdaq: TUES) filed voluntary petitions for Chapter 11 bankruptcy protection in response to the strain that the Covid-19 pandemic and related closure mandates have put on the company.

The main petition filed with the United Stat...

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Independent Bank CEO discusses what’s next after $5.5B merger called off

Rebecca Ayers — Tue, 26 May 2020 21:04:07 +0000

David Brooks spoke with the Dallas Business Journal about the implications of calling off the merger and what’s next for the McKinney-based bank.

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Comerica’s Texas Market president discusses processing PPP loans, shifting strategy

Rebecca Ayers — Fri, 22 May 2020 13:46:34 +0000

Comerica has processed more Small Business Administration loans in the past month than it typically does in an entire year.

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Pier 1 Imports plans to wind down business, liquidate once stores can reopen

Rebecca Ayers — Tue, 19 May 2020 16:26:10 +0000

Pier 1 Imports Inc. has filed a motion seeking bankruptcy court approval to begin a wind-down of its retail operations.

The Fort Worth-based retailer plans to sell its inventory and remaining assets, including its intellectual property and e-commerce ...

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J.C. Penney plans to create a REIT with some of its properties, as part of bankruptcy

Rebecca Ayers — Tue, 19 May 2020 13:24:55 +0000

J.C. Penney Co. Inc.'s Chapter 11 bankruptcy restructuring proposal includes plans to create a real estate investment trust, court documents show.

Court filings also show that it will establish a financially sustainable operating company called “New...

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What’s next for J.C. Penney and Neiman Marcus?

Rebecca Ayers — Mon, 18 May 2020 19:59:38 +0000

Two well-known Texas retailers have filed for Chapter 11 bankruptcy protection. Two attorneys weigh in on what that could mean.

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J.C. Penney files for Chapter 11 bankruptcy protection

Rebecca Ayers — Sat, 16 May 2020 00:38:42 +0000

J.C. Penney Co. Inc. (NYSE: JCP) filed for Chapter 11 bankruptcy protection on May 15.

The company's initial petition, filed with the U.S. Bankruptcy Court for the Southern District of Texas in Corpus Christi, listed nearly $8.57 billion in total asse...

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