JCPenney is selling 119 stores for $975 million, marking a new chapter for the 123-year-old retailer while it continues its recovery since declaring bankruptcy in 2020.

The deafening roar of hundreds of sewing machines has gone silent. Spools of thread in every color are covered in dust. The ...

JC Penney stores have been sold. The Imperial Valley and Yuma stores are included in the sale. Onyx Partners, a Boston private equity firm, recently completed the nearly $1 billion purchase last week ...