JCPenney

Pandemic Brings Dark Days For Department Stores
Pandemic Brings Dark Days For Department Stores
July 02, 2020  |  Retail

If department stores survive this pandemic, July 1, 2020 will almost certainly mark the point where the format reached one of its darkest days. On...

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Simon And Brookfield Eye Deal For Struggling JCPenney
Simon And Brookfield Eye Deal For Struggling JCPenney
June 23, 2020  |  Retail

Two of the largest mall owners in the United States are teaming up on a bid to buy one of their key anchor tenants, bankrupt...

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Forever 21 Bailout Team May Rescue JCPenney
Forever 21 Bailout Team May Rescue JCPenney
June 16, 2020  |  Retail

JCPenney may have a suitor. Reports circulating Tuesday (June 16) have Authentic Brands teaming with mall landlords Simon Property Group and Brookfield Properties teaming up...

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Time Is Now To Use Bankrupt Stores’ Gift Cards
Time Is Now To Use Bankrupt Stores’ Gift Cards
June 09, 2020  |  Retail

Consumers whose wallets are bulging with gift cards issued by now-bankrupt retailers should think about spending them now — since they may become worthless. In...

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Sycamore Partners Reportedly Negotiating To Buy JCPenney
Sycamore Partners Reportedly Negotiating To Buy JCPenney
June 05, 2020  |  Partnerships / Acquisitions

Sycamore Partners, the New York private equity firm that specializes in distressed buyouts, is in preliminary talks to purchase JCPenney, sources told Reuters. The retailer, which...

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JCPenney To Shutter 154 Stores, Start Closing Sales
JCPenney To Shutter 154 Stores, Start Closing Sales
June 05, 2020  |  Retail

JCPenney has identified the first round of 154 retail location closures, after an assessment of its store footprint and evaluation of “future strategic fit” as...

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Pandemic’s Digital Shift, Credit Unions, Stimulus Funds Top This Week’s News
Pandemic’s Digital Shift, Credit Unions, Stimulus Funds Top This Week’s News
May 22, 2020  |  The Weekender

It’s the end of the work week, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments...

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Today In Payments: Amazon Eyes JCPenney Buy; Stimulus Payments To Be Sent Via Visa Prepaid Debit Card
Today In Payments: Amazon Eyes JCPenney Buy; Stimulus Payments To Be Sent Via Visa Prepaid...
May 19, 2020  |  News

In today’s top news, Amazon could be in talks to buy JCPenney, and 4 million stimulus payments will be sent to consumers via Visa prepaid...

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Amazon Eyes JCPenney Buy
Amazon Eyes JCPenney Buy
May 18, 2020  |  Retail

Amazon could be in talks to acquire the bankrupt clothing retailer JCPenney, Fox Business reported Monday (May 19), citing Women’s Wear Daily (WWD). JCPenney officially...

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