So how much do you know about Nate Paul?
The two of us asked each other this question back in the summer of 2019, when Nate Paul s spots got raided by the FBI. Over the years, we d both acquired some knowledge about Paul and his World Class property empire that we hadn t seen in other coverage, enough to know that something about the story was really odd – his coming out of nowhere to acquire a set of high-visibility properties all over town, without evident plans to do anything with these assets, and then running into heavy financial weather almost immediately. Ken Paxton is now nearly a household name across America – the ostensibly Christ-centered heir to the legal activism of his predecessors John Cornyn and Greg Abbott, always at the front lines of culture-war clashes, and in 2020 devoted to raising up Donald Trump and slapping down Texas and especially Austin Democrats in equal measure.
Stores You Love That Soon Might Be Gone Forever
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Jan. 6, 2021 2:05 pm ET
Americaâs biggest department-store chain is getting smaller. Macyâs Inc. on Wednesday identified the 37 locations it plans to shut by midyear as part of the retailerâs previous plan to close 125 stores by 2023.
Before the latest round of closures, the company operated 764 stores, including brands such as Bloomingdaleâs and Bluemercury, and had approximately 90,000 employees to start 2021. The company had about 123,000 employees a year ago, before the coronavirus pandemic hit.
Like other department stores, Macyâs has struggled to grow sales even as it exited from the weakest malls, revamped its best locations and boosted spending on e-commerce. Rival J.C. Penney & Co. filed for bankruptcy protection last year, closed about 350 stores and sold about 500 to two mall owners.
: J.C. Penney CEO Jill Soltau ousted by new owners
J.C. Penney Co. Chief Executive Jill Soltau has been replaced by the beleaguered retailer’s new owners.
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In a statement Wednesday, Simon Property Group Inc. SPG,
+2.23% and Brookfield Asset Management Inc. BAM,
-0.32%, along with their strategic partner Authentic Brands Group, said they have started to search for a new CEO to replace Soltau, whose last day will be Thursday.
“The search will seek to identify a leader that is focused on modern retail, the consumer experience, and the goal of creating a sustainable and enduring JCPenney,” they said in a statement. Stanley Shashoua, Simon’s chief investment officer, will step in as interim CEO of J.C. Penney. The new owners also said they would establish a temporary office of the CEO, made up of key members of the retailer’s current leadership team.
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