PennyGem on MSN

JCPenney’s $950M lifeline implodes—120 stores across 35 states now face the axe

A $947 million real estate transaction collapsed on December 26, 2025, leaving 119 JCPenney store locations across 35 states ...
PennyGem on MSN

JCPenney $947 million lifeline fails leaving 119 landmark stores at risk

J.C. Penney's ambitious $947 million agreement to sell 119 stores to Onyx Partners has collapsed, thrusting these locations ...
Retail Dive

J.C. Penney’s loss balloons in Q3 as sales continue to slide

Still, the results were “not terrible,” given the department store’s improvements and its target customers’ financial stress, ...

$1B deal for JCPenney portfolio stalls as buyer, seller square off over deposit

A missed deadline to close and a dispute over a $5 million deposit are putting the retail portfolio sale in jeopardy.

Future of JCPenney anchor store at N.J. mall uncertain after $947M deal collapses

The proposed $947 million nationwide deal would have sold the 149,608-square-foot store in Freehold and 116 other JCPenney ...
Forbes

JC Penney Q1 Losses Triple Despite New Supply Chain Investment

JC Penney has reported widening losses. (Photo by: Jeffrey Greenberg/Education Images/Universal Images Group via Getty Images) Department store JC Penney has reported that its net loss in the first ...