JCPenney’s new parent is cutting about 5% of its corporate workers. Plano’s Catalyst Brands is reducing its staff by about 250 out of the 5,000 it has, according to a spokesperson. It’s one ...

JCPenney announced last week that it plans to close more than 200 locations nationwide. The chain, which filed for bankruptcy protection in 2020 and was sold, recently announced a partnership with ...

In 2023, JCPenney agreed to close a third of its more than 800 stores across the U.S., according to FOX Business. Although the process has already begun, more store closures are planned for 2025.