Recent events
Recent events tied to this brand in public sources.
Back to profile13 entries
2022
JCPenney launches Mutual Weave menswear brand
JCPenney launched Mutual Weave, a lifestyle apparel brand for men, available exclusively on jcp.com and in 600 JCPenney locations.
2021
J.C. Penney appoints Marc Rosen as CEO
J.C. Penney appointed Marc Rosen as its new CEO, effective November 1, 2021.
2021
JCPenney introduces Thereabouts kids apparel
JCPenney introduced Thereabouts, an inclusive children's apparel line available exclusively at its stores and website beginning July 15.
2020
J.C. Penney CEO Jill Soltau leaves; interim successor named
Jill Soltau left J.C. Penney on December 31, 2020, and Stanley Shashoua was named her interim replacement.
2020
JCPenney completes sale of most retail and operating assets
JCPenney completed the sale of substantially all of its retail and operating assets to Simon Property Group and Brookfield Asset Management.
2020
Brookfield and Simon acquire JCPenney assets
Brookfield Property Group and Simon Property Group purchased a substantial part of JCPenney's retail and operating assets for $1.75 billion.
2020
Simon Property Group and Brookfield offered J.C. Penney rescue funding
Simon Property Group and Brookfield Property Partners were reported to be close to completing negotiations to provide $800 million in support to bankrupt retailer J.C. Penney, including cash and debt assumption. J.C. Penney planned to seek bankruptcy court approval for the agreement the following month.
2020
Simon-Brookfield joint venture to acquire JCPenney assets
Lawyers for JCPenney said in bankruptcy court that its retail and operating assets are set to be acquired by a joint venture between Simon Property Group and Brookfield Property Partners. The transaction still requires bankruptcy-court approval, and competing bids may be evaluated.
2020
JCPenney reopens 29 Michigan stores
JCPenney reopened 29 stores in Michigan, including its Owosso store, on Wednesday, June 17, after temporary closures due to the COVID-19 pandemic.
2020
JCPenney files for bankruptcy protection
JCPenney filed for bankruptcy protection under Chapter 11 amid debt and pressure from the coronavirus pandemic.
2020
J.C. Penney enters restructuring support agreement
J.C. Penney's parent, J. C. Penney Company, said it entered into a restructuring support agreement with lenders holding about 70 percent of its first-lien debt. The deal includes terms for a financial restructuring designed to cut several billion dollars in debt.
2020
JCPenney announces six store closures
JCPenney announced plans to close six stores by April 24, 2020. The article identifies locations in New York, Oklahoma, North Carolina, Ohio, South Carolina, and Montana.
2020
JCPenney announces closure of its Lenexa call center
JCPenney announced that its call center in Lenexa, Kansas, would close to centralize call center operations and streamline customer service. The article reported the move would cut about 243 jobs; the Lenexa supply chain facility was not affected.