JCPenney announced a major comeback. The department store is being acquired by a company that owns other former mall ...
JCPenney's troubles began in 2020. Though department stores have struggled for many years, JCPenney's troubles became serious during the 2020 pandemic. In May of that year, the company filed for ...
JCPenney has one foot in the retail grave, and it appears to be sinking deeper. Shortly after celebrating its 117th birthday, the department store reported a 5.5% same-store sales decrease for the ...