Tuesday, May 19, 2020

Report has Amazon in talks with J.C. Penney; bankrupt chain to close 242 stores

Chain Store Age
Amazon is said to be a contender for either all or parts of J.C. Penney, according to an exclusive report by WWD.

“There is an Amazon team in Plano [Tex.] as we speak,” said one source who does business with the online giant, reported WWD. “There is a dialogue and I’m told it has a lot to do with Amazon eager to expand its apparel business — for sure.”. . . more