J.C. Penney is pursuing a possible sale and partial leaseback of its headquarters building in Plano as part of an ongoing effort to reduce debt and manage expenses.
So far, Penney’s three-year turnaround has been going as management
outlined. Penney had a better holiday season than some of its
competitors, but the company has a long way to go before it’s profitable
again. Penney and other major retailers will report the holiday quarter
later this month.. . . more