Back to today’s briefing

Story perspectives

JCPenney Sells 119 Stores for $947M Amid Bankruptcy

8/2/2025

38 4

Summary

Story summary

JCPenney has sold 119 stores for $947 million to Onyx Partners as part of its bankruptcy restructuring.
The sale spans 35 states, with all locations remaining operational for now.
Proceeds will aid JCPenney's creditors, with the transaction expected to close by September 8, 2025.
This move highlights the ongoing challenges faced by traditional retail amid rising e-commerce.

1 of 1

Story summary

JCPenney has sold 119 stores for $947 million to Onyx Partners as part of its bankruptcy restructuring.
The sale spans 35 states, with all locations remaining operational for now.
Proceeds will aid JCPenney's creditors, with the transaction expected to close by September 8, 2025.
This move highlights the ongoing challenges faced by traditional retail amid rising e-commerce.