Is JCPenney Going Out Of Business 2024?

About JCPenney

JCPenney is the oldest and largest departmental store chain in the whole America. The store offers a wide variety of products and services such as apparels, footear, accessories and more.

History Of JCPenney

JCPenney was founded by James Cash Penney and William Henry McManus in 1902. It soon became a household name in 70s and 80s taking the advantage of the tranding mall shopping.

Revenue Of JCPenney

2013: $12,985M 2014: $11,859M 2015: $12,257M 2016: $12,625M 2017: $12,547M 2018: $12,505M

The Reason Of Downfall

1. Mismanagement 2. Pandemic

Who Owns JCPenney

After the company filed for bankruptcy, Simon Property Group and Brookfield Asset Management company bought JCPenney for $1.75 billion in cash.

List Of JCPenney Closing Stores

1. Alabama 2. Arizona 3. Colorado 4. Illinois 5. Pennsylvania

Is JCPenney Going Out Of Business?

JCPenney have been struggling alot after the pandemic. However, after the bankruptcy it is working to reach new heights.