by Mike Duff | Jul 31, 2025 | Retail Articles
In the aftermath of the retailer’s bankruptcy reconstitution, Copper Property CTL Pass Through Trust has sold its real estate portfolio, now consisting of the 119 J.C. Penney stores, to Onyx Partners for the aggregate purchase price of $947 million. Onyx Partners, a...
by Mike Duff | May 13, 2025 | Retail Articles
Penney Intermediate Holdings, which has been operating the JCPenney business, reported a turn to a loss for its fiscal year ended February 1. According to a filing with the United States Securities and Exchange Commission, net loss was $177 million, and comprehensive...
by Mike Duff | Mar 25, 2025 | Retail Articles
JCPenney, in a move influenced by its newly created parent Catalyst Brands, has appointed VaynerMedia as its social and influencer marketing agency of record. VaynerMedia will deploy its social, creative and production capabilities to boost business results for the...
by Mike Duff | Feb 21, 2025 | Retail Articles
Hilco Real Estate, enlisted to sell 121 JCPenney properties, reported the stores will continue operating under the JCPenney retail banner after they are sold. The stores set to be sold have been operating under 20-year leases, with about 16-and-a-half years remaining....
by Mike Duff | Feb 17, 2025 | Retail Articles
JCPenney is conducting what a spokesperson called isolated store closures affecting eight locations from Maryland to California through the middle of 2025. The store closures don’t suggest the company intends to shutter additional stores as it continues on its...
