JCPenney

JCPenney Offloads $2.8 Billion in Pension Liabilities
Retirement Plans

JCPenney Offloads $2.8 Billion in Pension Liabilities

The transfer deal with annuities provider Athene Holdings will ensure that about 30,000 participants in JCPenney's pension plan continue to get benefits.
By Matthew Heller | April 2, 2021
Read More
Sycamore Partners Leads Bid to Acquire Bankrupt JCPenney for $1.75B
M&A

Sycamore Partners Leads Bid to Acquire Bankrupt JCPenney for $1.75B

The New York-based firm wants to buy the company and merge it with department store chain Belks.
By Lauren Muskett | July 28, 2020
Read More
JCPenney Files Chapter 11 Despite Turnaround Gains
Credit & Capital

JCPenney Files Chapter 11 Despite Turnaround Gains

The iconic retailer says the progress it had been making after years of declining sales "was wiped out with the onset of COVID-19."
By Matthew Heller | May 18, 2020
Read More
JCPenney Loss Narrows to $93M, Shares Jump
Turnarounds

JCPenney Loss Narrows to $93M, Shares Jump

The ailing retailer's third-quarter results gave investors “some hope” that its turnaround efforts are “gaining traction.”
By Matthew Heller | November 15, 2019
Read More
JCPenney Reports Steep Drop in First Quarter Sales
Financial Performance

JCPenney Reports Steep Drop in First Quarter Sales

The company’s CEO remains optimistic about the retailer’s future.
By Lauren Muskett | May 21, 2019
Read More