J.C. PENNEY CO. overview

Owners of JCPenney make multi-billion dollar offer to buy Kohl's after the company put itself up for sale earlier this year....

This Giving Tuesday, JCPenney has the supersized assistance of Shaquille O’Neal to bring joy to deserving non-profit organizations, students, and families, announcing over $240,000 worth of charitable donations. JCPenney CEO Jill Soltau and Shaq will distribute grant money, store gift cards, and exciting surprise gifts at the Company’s Brand-Defining Store in Hurst, Texas, on Dec. 1, continuing Penney’s celebrated holiday tradition of giving back and leaning into its iconic three-letter...

J. C. Penney Company, Inc. (OTCMKTS: JCPNQ) today announced that the U.S. Bankruptcy Court for the Southern District of Texas (the “Court”) has confirmed the Company’s Plan of Reorganization (the “Plan”) to create separate property holding companies (“PropCos”) comprising 160 of the Company’s real estate assets and all of its owned distribution centers, which will be owned and operated by JCPenney’s DIP and First Lien Lenders. The PropCos are expected to complete the...

JCPenney continues to offer amazing savings on incredible deals all season while rolling out New and Wow! brands and products to customers. Shoppers will find even more ways to save beginning Nov. 20 through Black Friday weekend, Nov. 25-28, with deals on a wide variety of offerings. From curated gift displays to gift-giving inspiration streamed live, JCPenney is committed to creating fun and newness with compelling merchandise and a safe and engaging shopping experience to keep customers...

JCPenney today announced an additional installment of their New and Wow! brands with the introduction of Stylus™ apparel brand. This brand is part of an all-new styleisure™ apparel line which is designed to comfortably elevate your everyday. Only at JCPenney, the Stylus brand is the leader in this new fashion mindset that enables customers to dress effortlessly with both comfort and style. Not to be confused with athleisure, our Stylus brand provides the style and comfort our customers are...

J. C. Penney Company, Inc. (OTCMKTS: JCPNQ) today announced that the U.S. Bankruptcy Court for the Southern District of Texas (the “Court”) has approved the previously announced asset purchase agreement (“APA”) with Brookfield Asset Management, Inc. (“Brookfield”), Simon Property Group (“Simon”) and the Company’s DIP and First Lien Lenders (“First Lien Lenders”), which is supported by the Unsecured Creditors Committee. Pursuant to the APA, Brookfield and Simon will acquire...

J. C. Penney Company, Inc. (OTCMKTS: JCPNQ) today announced that it has entered into an asset purchase agreement (“APA”) with Brookfield Asset Management, Inc (“Brookfield”), Simon Property Group (“Simon”) and a majority of the Company’s DIP and First Lien Lenders (“Majority First Lien Lenders”). “Signing a definitive APA with Brookfield, Simon and our Majority First Lien Lenders allows us to move forward towards the completion of our financial restructuring – and we are...

J. C. Penney Company, Inc. (OTCMKTS: JCPNQ) today announced that it has filed a draft asset purchase agreement (“APA”), which tracks the terms of the previously announced letter of intent, to sell JCPenney. All parties are working to conclude negotiations and intend to utilize the ongoing mediation process to help achieve that goal. Key terms of the draft APA are as follows: Brookfield Asset Management, Inc (“Brookfield”) and Simon Property Group (“Simon”) will acquire substantially...