Login

J.C. Penney Cuts Hundreds of Jobs After Review From New Owners

Department Store Retailer Still Searching for New Headquarters Space
J.C. Penney plans to have 672 stores going forward after coming out of Chapter 11 bankruptcy proceedings under the ownership of Simon Property Group and Brookfield Asset Management. (Getty Images)
J.C. Penney plans to have 672 stores going forward after coming out of Chapter 11 bankruptcy proceedings under the ownership of Simon Property Group and Brookfield Asset Management. (Getty Images)

Department store retailer J.C. Penney, which exited Chapter 11 with new owners after spending nearly seven months in bankruptcy proceedings, has decided to eliminate about 650 positions, or roughly 1.5% of its total employee base of more than 50,000 workers, including corporate roles in the Dallas area.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In

IN THIS ARTICLE