Friday, February 5, 2016

J.C. Penney considering the sale of its Plano headquarters

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

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