by Mike Duff | Feb 21, 2025 | Retail Articles
Hilco Real Estate, enlisted to sell 121 JCPenney properties, reported the stores will continue operating under the JCPenney retail banner after they are sold. The stores set to be sold have been operating under 20-year leases, with about 16-and-a-half years remaining....
by Mike Duff | May 20, 2024 | Retail Articles
Earnings slid at JCPenney in the fiscal year ended February 3, 2024, with sales down if in a lesser way. Penney Intermediate Holdings reported a net income of $30 million versus $221 million in the year before. After a currency translation adjustment, income was $29...
