JCPenney Welcomes New CEO

Lewisville, Texas — Texas — JCPenney has appointed Marc Rosen as chief executive officer, effective Nov. 1, 2021. Stanley Shashoua, Simon’s chief investment officer, has been appointed as executive chairman of the board of directors after serving as interim CEO

J.C. Penney Expects to End Bankruptcy by December

Plano, Texas — J.C. Penney has drafted and filed an asset purchase agreement (APA), effectively moving the Plano, Texas-based retailer one step closer to concluding negotiations for its acquisition by Brookfield Asset Management and Simon Property Group, a $1.75 billion

JCPenney Plans to Have Nearly 500 Stores Reopened by June 3

Plano, Texas — J. C. Penney recently reopened 150 stores in 27 states, bringing the total to 304 reopened stores nationwide after temporarily closing due to the coronavirus (COVID-19) pandemic. Additionally, five stores are currently offering contact-free curbside pickup only.

JCPenney Extends Store Closures & Furloughs

Plano, Texas — J. C. Penney Company, Inc. will extend the temporary closure of its stores and business offices due to the coronavirus (COVID-19) pandemic. The company will continue to follow guidance from local, state and federal officials as it