A $947 million real estate transaction collapsed on December 26, 2025, leaving 119 JCPenney store locations across 35 states ...
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JCPenney rescue deal implodes, 120 stores face the axe
The collapse of JCPenney's latest real estate rescue plan has pushed a fresh wave of uncertainty onto the department store's ...
A missed deadline to close and a dispute over a $5 million deposit are putting the retail portfolio sale in jeopardy.
Still, the results were “not terrible,” given the department store’s improvements and its target customers’ financial stress, ...
Neither J.C. Penney nor Onyx has provided an explanation for why the deal fell through, the report states. The retailer currently operates approximately 650 stores across the United States and Puerto ...
The proposed $947 million nationwide deal would have sold the 149,608-square-foot store in Freehold and 116 other JCPenney ...
JCPenney is closing seven stores this weekend across the country, including a local one New Hampshire. The JC Penney at the Fox Run Mall will close on May 25, a spokesperson confirmed to USA Today.
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