It was just announced that 119 JCPenney locations are going to be sold-off. So what does this mean for the 123 year-old brand? Back in 2020, CNN reported that JCPenney declared Chapter 11 bankruptcy.

JCPenney and the Copper Property CTL Pass Through Trust finally have a buyer for 119 JCPenney stores after filing for bankruptcy in 2020 during the COVID-19 pandemic An affiliate of Onyx Partners, Ltd ...

Bellingham’s JCPenney department store has been purchased as part of a $947 million deal including 119 total properties. The sale comes five years after JCPenney filed for bankruptcy due to the Covid ...