PennyGem on MSN

JCPenney’s $950M lifeline implodes—120 stores across 35 states now face the axe

A $947 million real estate transaction collapsed on December 26, 2025, leaving 119 JCPenney store locations across 35 states ...
NBC Los Angeles

JCPenney is closing stores nationwide. What to know

JCPenney is set to close several of its locations by mid-year. The retailer cited expiring lease agreements, market conditions and other business considerations behind its decision to shutter what it ...
fox6now

119 JCPenney stores sold; see locations

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 ...
USA Today

119 JCPenney stores, including Pier Park store in PCB, sold in nearly $1 billion deal.

Onyx Partners Ltd. will purchase 119 JCPenney stores for $947 million. The sale includes net-lease stores, meaning JCPenney pays rent and operating expenses. The deal is expected to close on September ...
WUSA

Deal to sell 117 JCPenney stores in danger of collapse

WASHINGTON — A $947 million deal to sell 117 JCPenney stores is in danger of collapse after a Boston-based private equity firm failed to complete the transaction by a scheduled deadline, according to ...

Future of JCPenney anchor store at N.J. mall uncertain after $947M deal collapses

The future of JCPenney’s anchor store building at Freehold Raceway Mall has fallen into uncertainty after a massive real estate transaction collapsed in late December. The proposed $947 million ...