J.C. Penney CEO Marc Rosen tells Marketplace more about how the company will invest $1 billion in revitalizing business.

Founded in 1902, and once among the largest retailers in America, JCPenney was supposedly driven into obscurity due to a sharp decline in same-store sales and a ripped-apart balance sheet. That ...

J.C. Penney Co. Inc. has named Marc Rosen, a former Levi Strauss and Walmart executive, as chief executive officer, effective Nov. 1. Penney’s also named Stanley Shashoua, chief investment ...

JCPenney has delayed the closings of 15 stores that were scheduled to shutter in March until May 2021 and added three locations to its closure list.

J.C. Penney (JCPN.Q) enters a new phase after a judge approved the retailer's sale to two of its major landlords, Simon Property Group (SPG 0.90%) and Brookfield Asset Management (BN 1.34% ...

J.C. Penney has been rescued from bankruptcy by Simon Property Group and Brookfield Asset Management, but challenges lie ahead.

J.C. Penney is on course to emerge from bankruptcy by Thanksgiving, after a US bankruptcy court approved the sale of the ailing 118-year-old retailer to its two largest landlords and its primary le… ...

J.C. Penney's plan to sell its department store operations to landlords Simon Property Group and Brookfield Asset Management won approval in federal bankruptcy court on Monday. The court ...

J.C. Penney filed drafts of its sale agreements Tuesday, saying it had made significant progress toward its planned exit from Chapter 11 bankruptcy before Black Friday. The Plano, Texas-based compa… ...

J.C. Penney Co Inc reached a tentative deal with landlords and lenders valued at $1.75 billion (1.35 billion pounds) to rescue the beleaguered department store chain from bankruptcy proceedings ...

J.C. Penney Co.’s lenders have agreed to team up with mall landlords Simon Property Group Inc. and Brookfield Property Partners to buy the bankrupt chain.

J.C. Penney’s talks with landlords for a rescue from bankruptcy proceedings reached an impasse, pushing the department store to the brink of collapse unless it can reach a deal within days to be ...