JCPenney reveals unexpected update on the future of 119 stores
Once a mall staple and a department store for generations of families since 1902, JCPenney has endured turbulent years marked by bankruptcies, mass store closings and restructuring efforts. Now, as the retailer continues its long road to recovery, another major setback has emerged. In July 2025, JCPenney entered into a cash deal worth $947 million…