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Amazon reportedly looks at deal for JC Penney assets

Famous US retailer JC Penney might create real estate spinoff, plans to close 29% of its stores
J.C. Penney filed for Chapter 11 bankruptcy protection from creditors after months of temporary store closings. (iStock)
J.C. Penney filed for Chapter 11 bankruptcy protection from creditors after months of temporary store closings. (iStock)

Department store retailer J.C. Penney, which has filed for Chapter 11 bankruptcy protection, could be the acquisition target of e-commerce giant Amazon in a deal that would boost the online retailer's apparel business.

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