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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]
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 ...
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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.
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]