jcpenney business news today


  • What happened with JCPenney?

    JCPenney's debt of about $4 billion forced it into bankruptcy in May 2020. It now has $485 million in long-term debt and liquidity of $1.5 billion. Long-term debt was reduced by $500 million in December 2021.
  • Is JCPenney back in business?

    JCPenney has around 670 stores today and has little debt for the first time in years. The company is owned by mall landlords Simon Property Group (SPG) and Brookfield Asset Management (BAM). The two firms rescued JCPenney out of bankruptcy for $1.75 billion in the fall of 2020.
  • Is JCPenney financially stable?

    J.C. Penney's sales have stayed relatively steady since 2021, but profits are declining. Net sales, in billions, and net income or loss, in millions, from the first quarter of 2021 to the third quarter of 2022. Toggle between the tabs above to see net sales, in billions, and net income or loss, in millions.
  • The company was saddled with debt and spent the last decade with a continual turnover in CEOs, new store designs that couldn't spark interest, initiatives and rebrands that didn't resonate with customers. The once-beloved retailer has been unprofitable since 2010 with net losses of $4.5 billion.
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JCPenney Newsroom

JCPenney Newsroom


JCPenney Newsroom

JCPenney Newsroom


JCPenney Newsroom

JCPenney Newsroom


JCPenney Newsroom

JCPenney Newsroom


JCPenney Newsroom

JCPenney Newsroom


JCPenney Newsroom

JCPenney Newsroom


JCPenney Newsroom

JCPenney Newsroom


JCPenney Newsroom

JCPenney Newsroom


JCPenney Newsroom

JCPenney Newsroom


JCPenney Newsroom

JCPenney Newsroom


JCPenney Newsroom

JCPenney Newsroom


JCPenney Newsroom

JCPenney Newsroom


to View PDF of all 5 Articles Combined - Retail Geeks

to View PDF of all 5 Articles Combined - Retail Geeks


Buyout firm Sycamore Partners in talks to buy troubled JC Penney

Buyout firm Sycamore Partners in talks to buy troubled JC Penney


Reopening today at the Acadiana Mall: JC Penney  H\u0026M  two others

Reopening today at the Acadiana Mall: JC Penney H\u0026M two others


PDF) The Four Horsemen of JcPenney : International Organizational

PDF) The Four Horsemen of JcPenney : International Organizational


PDF: List of closing JC Penney stores

PDF: List of closing JC Penney stores


JC Penney Makes $17 Million Interest Payment  Files for Chapter

JC Penney Makes $17 Million Interest Payment Files for Chapter


JCPenney to shut four New Hampshire stores in nationwide closing

JCPenney to shut four New Hampshire stores in nationwide closing


JCPenney - Wikipedia

JCPenney - Wikipedia


JC Penney lists store closings — and St Louis dodges a bullet

JC Penney lists store closings — and St Louis dodges a bullet


JC Penney to close Helena store

JC Penney to close Helena store


Coronavirus wreaks havoc on JC Penney's future

Coronavirus wreaks havoc on JC Penney's future


JCPenney closing 33 stores  slashing 2 000 jobs

JCPenney closing 33 stores slashing 2 000 jobs


JC Penney Company  Inc - Investor Relations

JC Penney Company Inc - Investor Relations


Old JCPenney to have space for 5 tenants in Coon Rapids

Old JCPenney to have space for 5 tenants in Coon Rapids


Collection: JC Penney vintage Aberdeen ads

Collection: JC Penney vintage Aberdeen ads


JCPenney Files For Bankruptcy Under Chapter 11

JCPenney Files For Bankruptcy Under Chapter 11


JC Penney store closings include six in Oklahoma – The Journal

JC Penney store closings include six in Oklahoma – The Journal


JC Penney's Manchester facility sold at $70M

JC Penney's Manchester facility sold at $70M

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