JCPenney news and archive

950 million dollar deal for JCPenney store portfolio falls through

A planned deal to sell 119 JCPenney locations to a private equity firm has fallen through. The 950 million dollar deal was initially introduced when the retail chain entered bankruptcy proceedings in 2020. Investment firm Onyx Partners had stepped up to acquire the stores from Copper Property CTL Pass Through Trust. The trust had been formed at...

Retail

US retail industry outlook: Store closures persist into early 2026

Following a year marked by extensive store closures in 2025 – from the bankruptcy and eventual collapse of Joann Fabrics, to major network restructurings at Macy’s and Kohl’s – the US retail industry is likely anticipating some respite in the year. However, turbulence appears set to persist, at least through early 2026. Data from Business...

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Business

JCPenney and Sparc Group merge portfolios to form Catalyst Brands

JCPenney and Sparc Group have merged to form a new organization, Catalyst Brands, creating a portfolio of six retail banners. The combined group was formed in an all-equity transaction between JCPenney and Sparc Group, with shareholders Simon Property Group, Brookfield Corporation, Authentic Brands Group and Shein. The company said in a release...

Retail|Beauty

JCPenney unveils exclusive salon experience with Larry Sims

American retailer JCPenney has launched an exclusive salon experience with celebrity hairstylist Larry Sims based on popular hairstyles worn by actress Gabrielle Union on the red carpet. The ‘SimStyled’ experience will be available from November 18 at select JCPenney salons in the Los Angeles and San Diego markets. It will offer a curated...

Fashion |Beauty

Messi launches debut fragrance

Footballing superstar Leo Messi has unveiled his debut fragrance, Messi Eau de Parfum, which will distributed by beauty industry leader Sheralven in the US exclusively in JCPenney. Developed with globally sourced ingredients, the scent features top notes of cardamom and wild cypress, contrasted by warm notes of leather and cedarwood with hints...

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Business|Beauty

Rare Beauty Brands teams up with J.C. Penney for beauty accelerator

Rare Beauty Brands, the parent company behind Patchology and Dr. Dana, has partnered with American retailer J.C. Penney to bring opportunity and capital to Black and Brown female-identifying founders in the beauty industry with its relaunched beauty accelerator. The Lift Beauty Accelerator, which has been rebranded this year, aims to empower...

Fashion |In Pictures

JCPenney teams up with celebrity stylist Jason Bolden

American retailer JCPenney has teamed up with celebrity stylist Jason Bolden to reimagine men’s and women’s collections for two of its private labels for autumn/winter 2023. Bolden, who has styled the likes of Michael B. Jordan, Dwyane Wade and Vanessa Hudgens, has partnered with JCPenney to create collections for its menswear brand J.Ferrar and...

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Business

JCPenney names former Neiman Marcus exec as chief customer officer

US department store chain JCPenney has appointed Katie Mullen to the role of chief customer officer, expanding her previous role of chief digital officer at the group. While Mullen will continue to oversee e-commerce strategy and omnichannel development, her new role comes with an added emphasis on customer marketing, engagement and analytics,...

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Fashion

JCPenney partners with fashion designer Prabal Gurung

JCPenney, the multibrand retailer operating at a mid level price point, has collaborated with fashion designer Prabal Gurung to create a new clothing collection called Impower by Prabal Gurung for JCPenney. The collection features a range of dresses and jumpsuits for various occasions and will be available to purchase for a limited time only....

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Business

JCPenney names Keith Melker chief transformation and strategy officer

American shopping chain JCPenney has announced the appointment of Keith Melker as chief transformation and strategy officer. In the role, Melker has been tasked with overseeing the transformation office, ensuring related initiatives are executed to maximise value creation and defining the company’s corporate strategy. Key areas to be focused on...

Retail

JCPenney to expand beauty offer to stores nationwide

Department store giant JCPenney has revealed it will be rolling out its JCPenney Beauty offer to stores nationwide, building on its 2021 debut and recent online expansion. It comes as part of the retailer’s relationship with beauty e-commerce platform Thirteen Lune, which will be spotlighted in JCPenney stores across the US and will make up...

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Business

JCPenney names Stephanie Plaines as new CFO

American retailer JCPenney has announced the appointment of Stephanie Plaines as its chief financial officer, effective immediately. Plaines will be responsible for leading all financial activities across the company, including financial strategy, real estate, capital deployment and accounting. She has also been tasked with utilising her past...