JCPenney Emerges From Chapter 11 BankruptcyThe retailer completed its sale to a pair of landlords - Brookfield Asset Management Inc. and Simon Property Group through a combination of cash and new term loan debt.
Bankruptcy Court Approves Sale Of JCPenneyPlano-based J.C. Penney is on course to emerge from bankruptcy by Thanksgiving, after a bankruptcy court approved its sale to its two largest landlords and its primary lenders.
JC Penney Sees Bankruptcy Protection Exit By ChristmasJ.C. Penney believes it will emerge from bankruptcy protection before Christmas under a new ownership agreement that would save tens of thousands of jobs.
JC Penney Landlords Close To Buying Retailer Out Of BankruptcyPenney’s lawyer Josh Sussberg announced the tentative pact, which will save roughly 70,000 jobs, during a brief hearing in bankruptcy court Wednesday.
JCPenney Moving Forward With Sale, Attorney Tells Bankruptcy JudgeThe 118-year-old company filed for Chapter 11 bankruptcy protection in mid-May.
JCPenney Losses More Than Tripled Ahead Of Bankruptcy FilingSales plunged and losses soared at Plano-based JCPenney in the three months before its bankruptcy filing.
JCPenney Shrinking: Closing 154 Stores Next Week Including 4 In North TexasFour of those stores are in North Texas. The retailer said it could take about 10 to 16 weeks to complete the closures.
Shortly After Filing For Bankruptcy, JC Penney Announces Plan To Close More Than 240 StoresPlano-based J.C. Penney will close almost 30% of its 846 stores as part of a restructuring under bankruptcy protection.
Plano-Based JCPenney Files For BankruptcyJCPenney filed for Chapter 11 bankruptcy protection on Friday, becoming the latest retail casualty of the coronavirus pandemic.
Dallas ISD Student-Athlete Gets VIP Suit-Fitting, Visit From Former NBA Star Shaquille O'NealKylon Owens' impressive work as a basketball player and member of his community caught the attention of Shaq and J.C. Penney, which lead to a big surprise!
As JC Penney Raises Profit Forecast, CEO Tries To Reinvigorate StoresTroubled department store chain J.C. Penney raised its annual profit forecast Friday after reporting narrowed losses.
Low Trading Price Could Get JC Penney Kicked Off New York Stock ExchangePlano-based J.C. Penney Co. is being warned that its stock could be removed from the New York Stock Exchange for trading below $1 for too long.
JC Penney Responds To Investors' Debt Restructuring ConcernsPlano-based J.C. Penney says it hasn't hired any advisers to prepare for an in-court restructuring or bankruptcy.
JC Penney Continues To Struggle; Posting First Quarter LossesLosses are widening at J.C. Penney and sales are falling after the retailer shed its furniture and major appliance businesses.
Investors Caught Off Guard By Weak Holiday Sales At Department StoresUnemployment is low, wages are rising, consumer confidence is high and gasoline is cheap, but that didn't result in more Americans loosening their purse strings this past holiday season.