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Exterior of the JCPenney store at the Stonebriar Centre in Frisco, Texas (2013) JCPenney headquarters in Plano, Texas (2014) In 2010, Vornado Realty Trust acquired a 9.9% stake in JCPenney but sold it in 2013 for $13.00 per share. [37] On January 24, 2011, JCPenney shut down its catalog business and 19 outlet stores. [38]
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JCPenney said Thursday it plans to spend more than $1 billion by the end of 2025 in a bid to revive the storied but troubled 121-year-old department store chain. The money is going toward ...
JCPenney announced in February plans to close two distribution facilities and 138 department stores this year to redirect resources in higher-performing locations and initiatives.
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J. Crew closed 61 stores in 2017 and sporadically closed additional individual stores in the first quarter of 2018. [173] On May 4, 2020, J. Crew announced its filing for Chapter 11 bankruptcy. [174] Kenneth Cole Productions shut down its 63 outlet stores in 2016 to focus its efforts on its e-commerce site. [175]
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