A major change is coming to dozens of JCPenney department stores across the country, including one in Georgia. In a nearly $1 billion all-cash deal, 119 JCPenney store locations have been sold to a ...

JCPenney will close eight stores by mid-year. The company says the closures are not tied to the Catalyst Brands merger. JCPenney has struggled financially since emerging from bankruptcy in 2020.

JCPenney locations in CA, CO, ID, KS, NH, NC, and WV are expected to shut down May 25, per USA Today. After emerging from bankruptcy in 2020, JCPenney continues to fight inflation, reduced foot ...