You can't blame declining foot traffic for pushing mall retailers to close stores. "After a relatively weak summer ...
JCPenney announced in a blog post that it would be closing more stores after it already closed up to 200 since filing for bankruptcy in May. "Following a comprehensive review of the JCPenney retail ...
Onyx Partners Ltd. will purchase 119 JCPenney stores for $947 million. The sale includes net-lease stores, meaning JCPenney pays rent and operating expenses. The deal is expected to close on September ...
JCPenney secured $450 million in financing while restructuring operations. It was eventually acquired by Simon Property Group (SPG) and Brookfield Asset Management (BAM) for $1.75 billion, ...
PLANO, Texas -- Next time you visit a JCPenney store, it won't just be in the mall, it could be owned by the mall. The 118-year-old department store is expected to enter into a $1.75 billion sale ...
An affiliate of Onyx Partners is buying 119 JCPenney stores for $947 million, with the deal expected to close on September 8. All affected stores are currently open, but it's unclear whether they will ...
119 stores in the deal. Just last week iconic retailer JCPenney received a potential vote of confidence after a nearly $1 billion deal with a private equity firm based in Boston. In an announcement ...
The investor set to buy the vacant JCPenney building in downtown Salem announced Oct. 27 it will not move forward with the ...
It was just announced that 119 JCPenney locations are going to be sold-off. So what does this mean for the 123 year-old brand? Back in 2020, CNN reported that JCPenney declared Chapter 11 bankruptcy.
PLANO, Texas--(BUSINESS WIRE)--J. C. Penney Company, Inc. (NYSE: JCP) today announced that it has entered into a restructuring support agreement (the “RSA”) with lenders holding approximately 70% of ...
NEW YORK (AP) — The coronavirus pandemic has pushed troubled department store chain JCPenney into Chapter 11 bankruptcy. It is the fourth major retailer to meet that fate. JCPenney said late Friday it ...
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