j c penney

J.C. Penney To Close 154 Stores

Following a comprehensive evaluation of its retail footprint and a careful analysis of store performance and future strategic fit for the company, J.C. Penney identified the first phase of 154 store closures.

J.C. Penney Reopens 150 Additional Stores

J.C. Penney has reopened its doors at 150 additional stores in 27 states, bringing the total to 304 reopened stores nationwide after temporarily closing due to the pandemic.

J.C. Penney: Company Must Emerge From Chapter 11 Quickly

J.C. Penney stated in a bankruptcy court document that it must emerge from Chapter 11 quickly in preparation for the 2020 holiday season, shortly after announcing that it had received approvals from the U.S. Bankruptcy Court for the Southern District of Texas regarding First Day motions related to the company’s voluntary Chapter 11 petitions, including approval for it to access and use its approximately $500 million in cash collateral.

Report: J.C. Penney Moves Closer To Bankruptcy Funding

With the coronavirus pandemic shutting down non-essential shopping across the U.S., J.C. Penney is said to be in advanced talks with bank lenders for a bankruptcy loan as large as $1 billion to carry it through a potential chapter 11 process, The Wall Street Journal reported.

J.C. Penney Appoints Walsh Chief Digital Officer

J.C. Penney has appointed Karl Walsh, an executive with more than 18 years of e-commerce experience, as senior vice president, chief digital officer, to lead strategic advancements of the company’s digital platforms, most notably in its flagship store jcp.com.

J.C. Penney Hiring Seasonal Associates

With the holiday season approaching, J.C. Penney is aiming to increase its staff for seasonal shopping, with plans to hire approximately 37,000 seasonal associates for a variety of positions in stores, e-commerce facilities and customer care centers.

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