JCPNQ News and Press, JC Penney Co From 12/01/20

Penney CEO Jill Soltau and Shaq to present grants, gift cards, and generosity at the Company’s Brand-Defining Store Dec. 1 This Giving Tuesday, JCPenney has the supersized assistance of Shaquille O’Neal to bring joy to deserving non-profit organizations, studen...

There is no doubt that many retail investors have entered the market ever since April and contributed to its rising hubris. However, they are not the ones driving the markets. One should still pay more attention to what institutional investors are doing. A sound investment strateg...

PropCos Expected to Emerge from Court-Supervised Restructuring Process in First Half of 2021; Owned and Operated by DIP and First Lien Lenders J. C. Penney Company, Inc. (OTCMKTS: JCPNQ) today announced that the U.S. Bankruptcy Court for the Southern District of Texas (the &...

Incredible deals continue with curated “Gift Merry” shops and live-streamed gift inspiration S afety remains a top priority as deals begin earlier than ever before JCPenney continues to offer amazing savings on incredible deals all season while roll...

Simon Property Group and Brookfield Property Partners obtained approval from bankruptcy court this week to buy the retail and operating assets of J. C. Penney, which had filed for bankruptcy in May. If Simon and Brookfield hadn't stepped in, J. C. Penney might have been liquidated. ...

Styleisure™ apparel line is designed to comfortably elevate your everyday Launching Stylus™ women’s apparel brand Nov. 12 with size-inclusive assortment JCPenney today announced an additional installment of their New and Wow! brands with the intr...

Pushed to the brink by the pandemic, Mall REITs entered 2020 on unstable footing following a tsunami of store closings over the past decade, and the forthcoming vaccines may be too-little-too-late. Despite improving rent collection and foot traffic, earnings reports revealed that...

On Track to Begin Operating Under New Ownership and Outside of Chapter 11 by Late November 2020 J. C. Penney Company, Inc. (OTCMKTS: JCPNQ) today announced that the U.S. Bankruptcy Court for the Southern District of Texas (the “Court”) has approved the previous...

Following some of its biggest tenants into bankruptcy, mall owner CBL & Associates Properties (CBL) has filed for Chapter 11, as the pandemic kept consumers at home and forced many retailers to quit paying rent.The filing in the Southern District Court of Texas will give the company a cha...

J.C. Penney is expected to exit restructuring with Brookfield and Simon owning its retail and operating assets and DIP and first-lien lenders owning most of its real estate value. Second-lien and unsecured noteholders and common shareholders are not expected to see a recovery. Des...