Here’s why the biggest U.S. mall owner might want to buy JC Penney

Here’s why the biggest U.S. mall owner might want to buy JC Penney

Simon Property Group might want to own bankrupt J.C. Penney in order to be able to redevelop some of its best real estate and make it even better, according to one analyst.  “We believe Simon wants to control the J.C. Penney boxes and land so that it can ultimately redevelop many of these in order […]
As JC Penney goes bankrupt, some question if it should emerge

As JC Penney goes bankrupt, some question if it should emerge

Does the world of retail really need J.C. Penney?  As the department store chain filed for bankruptcy protection Friday evening, some question if the company still has a place in American retail. Or if it could ever bounce back from the fatal blow it has been dealt...
JC Penney makes $17 million interest payment as it explores bankruptcy

JC Penney makes $17 million interest payment as it explores bankruptcy

An empty parking lot is seen outside a closed JC Penney Co. store in Mt. Juliet, Tennessee, U.S., on Thursday, April 16, 2020. Luke Sharrett | Bloomberg | Getty Images J.C. Penney said Friday that it has made the approximately $17 million interest payment that was due...