jcpenney

JCPenney has approached consulting firm AlixPartners as the US retailer looks at options for managing its debt, Bloomberg News reported on Tuesday, citing people with knowledge of the matter. Brick-and-mortar retailers are struggling to keep up with...

JCPenney is preparing to file for bankruptcy protection as soon as next week with plans to permanently close about a quarter of its roughly 850 stores, becoming the latest major US retailer to succumb to fallout from the coronavirus outbreak,...

JCPenney shares surged after the retailer said it has made a $17 million interest payment that was due May 7. The announcement eased fears that the struggling retailer is headed for a bankruptcy filing soon, sending its shares up nearly 30 percent in...

JCPenney filed for bankruptcy protection on Friday, the latest among traditional brick-and-mortar retailers to crumble as prolonged store closures due to the COVID-19 pandemic deliver the final blow to troubled businesses. The department store chain,...

JCPenney filed for bankruptcy on Friday, the latest retail giant to see its downfall hastened by the coronavirus crisis. The pandemic was the final blow to a 118-year-old company struggling to overcome a decade of bad decisions, executive instability...

JCPenney plans to trim its store count by 29 percent, to about 604, as the US department store chain looks to focus on those more profitable, a regulatory filing showed on Monday, two days after it filed for bankruptcy protection. The stores to stay...

Private equity firm Sycamore Partners is in preliminary talks to acquire JCPenney out of bankruptcy should the US department store chain’s negotiations with its creditors fail, three people familiar with the matter said on Friday. Shares of...

JCPenney said on Wednesday it would cut about 1,000 jobs and shutter 152 stores as the US department store chain looks to emerge from Chapter 11 protection and the COVID-19 crisis. The layoffs would affect corporate, field management, and...

Sycamore Partners should not be allowed to buy JCPenney out of bankruptcy because of its long history of closing stores and decimating jobs, a worker advocacy group said Tuesday. A group of current and former retail workers from Toys ‘R’ Us,...

JCPenney is getting rescued from bankruptcy in a plan that stands to worsen its workers’ nest eggs. The century-old department store’s soon-to-be new owners said they don’t plan to take control of the retailer’s pension promises to some 52...

JCPenney exited bankruptcy just in time for the holiday shopping crunch — in an unusual deal that leaves a downsized department-store chain privately owned by its biggest landlords. The 118-year-old retailer exited Chapter 11 on Monday, bought by...

Paul McCartney wants JCPenney to get by with a little help from his friend. The former Beatle recently introduced his longtime buddy and retail honcho, Herbert L. Becker, to the new owners of the bankrupt department store, suggesting him as a...

A suspect is in custody hours after an Omaha police officer was in critical condition following a shooting at a JCPenney store inside a mall in Nebraska’s largest city, according to authorities. Two officers were responding to an incident, and one...

The licensing firm that owns a slew of aging, iconic commercial brands including JCPenney, Forever 21, Sports Illustrated and Marilyn Monroe plans to become a publicly traded company.

The owners of JCPenney have made an offer to acquire archrival Kohl’s in a deal that could value the department-store chain at upwards of $8.6 billion, The Post has learned. Under the proposal, shopping-mall giant Simon Property and Canada-based...

Marc Rosen didn't flinch when he was offered the top job at JCPenney last year.

A group of concerned parents chased and beat up a naked man inside a Seattle-area JCPenney store earlier this month — with one man wailing down on the nudist — after accusing the man of trying to touch their children.

Indiana man Mohammed Mondal, 45, shot mother-of-five Stacy Mondal, 40, seven times and told detectives he did so to "neutralize a threat."