A broken JCPenney shopping cart is seen in an empty parking lot in Niles, Ill., Thursday, June 25, 2020. JCPenney is closing another 13 stores. The department store chain, which filed for bankruptcy last month, is inching toward its target of closing 250 stores about 30% of its network of 846 locations.
A broken JCPenney shopping cart is seen in an empty parking lot in Niles, Ill., Thursday, June 25, 2020. JCPenney is closing another 13 stores. The department store chain, which filed for bankruptcy last month, is inching toward its target of closing 250 stores about 30% of its network of 846 locations.
Amazon may replace closed department stores at struggling malls.
The company is in talks with Simon Property Group, the largest mall owner in the United States, to convert former or current JCPenney and Sears stores into distribution hubs to deliver packages, the Wall Street Journal reported Sunday. Both retail chains have filed for bankruptcy (Sears has since emerged from Chapter 11) and are closing hundreds of stores. Simon malls have 63 JCPenney and 11 Sears stores, according to its most recent public filing.
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Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.