An affiliate of Onyx Partners is buying 119 JCPenney stores for $947 million, with the deal expected to close on September 8. All affected stores are currently open, but it's unclear whether they will remain operational under new ownership. JCPenney, which ...

It was just announced that 119 JCPenney locations are going to be sold-off. So what does this mean for the 123 year-old brand? Back in 2020, CNN reported that JCPenney declared Chapter 11 bankruptcy. Apparently, things were looking a little grim and bleak.

No, Belk stores will be closed on Thanksgiving. However, stores will be open from 6 a.m. to 10 p.m. on Black Friday, the company told USA TODAY, while outlet stores will be open from 8 a.m. to 9 p.m.

JCPenney is closing yet another location, this time in Orange County, California. JCPenney will close its location in the Westminster Mall on or about Nov. 21, according to a Worker Adjustment and Retraining Notification (WARN) Notice filed on Aug. 18 ...

WASHINGTON — A Boston-based private equity firm is purchasing 119 JCPenney stores for nearly $1 billion, about five years after the retailer filed for bankruptcy. Onyx Partners, Ltd. will acquire the properties in a $947 million all-cash transaction from ...