Category: My Two Cents
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How JCPenney Met Its Demise After 117 Years
In December of 2020, struggling retailer JCPenney emerged from bankruptcy after an acquisition by Simon Property Group and Brookfield Asset Management. After years of decline, the retailer is now a private company, in a last-ditch attempt to revitalize the retailer. However, with even more locations closing in 2021, it is unclear if there is a…
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How the Sport of Basketball Lost $1.3 Billion
The sports world is feeling the wrath of the Coronavirus. The NHL, MLS, and MLB all had to postpone or suspend their seasons indefinitely. The new XFL league announced that they will cancel the remainder of its inaugural season. However, I would argue that no sport has been more affected than basketball. The NCAA and…