JCPenney has quietly upended expectations for a big slice of its store base, dropping a surprise update on the fate of 119 locations that were supposed to change hands in a major real estate deal.
The collapse of JCPenney's latest real estate rescue plan has pushed a fresh wave of uncertainty onto the department store's already fragile footprint. A complex deal meant to offload more than 100 ...
WASHINGTON — A $947 million deal to sell 117 JCPenney stores is in danger of collapse after a Boston-based private equity firm failed to complete the transaction by a scheduled deadline, according to ...
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