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JCPenney was founded in 1902 as a group of dry goods stores that James Cash Penney managed as part of the Golden Rule chain and incorporated under his own name in 1913. The stores were initially …

5 days ago · JCPenney reveals an unexpected update on its $947 million property sale deal of 119 stores. Bankruptcy, failed rebranding, and lost customers led to mass closures and mounting debt.

Dec 24, 2025 · A deal to sell more than 100 JCPenney stores is unlikely to move forward, according to a regulatory filing.

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