JCPenney Partners with Forever 21 and Takes Decisive Action on Store Operations

JCPenney Partners with Forever 21 and Takes Decisive Action on Store Operations

04/18/25, 3:15 PM
Industry
retail
fashion
e commerce
Type
partnership
JCPenney has filed for Chapter 11 bankruptcy protection and simultaneously announced a new partnership agreement with Forever 21. As part of the restructuring process, JCPenney will permanently close seven stores before May 25, and is expected to shut down an eighth location in the near future. At the same time, the company has confirmed that an eighth location, originally slated for closure, will remain operational through the end of the summer.

Company Info

Company
JCPenney
Additional Info
JCPenney, also known as the J.C. Penney Company, is a department store chain focusing on offering value for working families. The company is currently undergoing a $1 billion turnaround plan to reposition its brand and loyalty offering.