JC Penney

Restructuring Information

We’re Here to Serve You

Our relationship with you is essential to JCPenney, which has been at the heart of America’s communities for more than 100 years. We want to thank you for your loyalty and patience as we all confront and adjust to today’s challenges together.

We’re happy to share with you that we have reopened all of our stores following the latest guidance from state and local orders.

We are closely monitoring the current situation in states where Coronavirus (COVID-19) cases are rising and will adjust business operations if necessary to ensure the safety of our customers and associates.


JCPenney has reached an agreement on a financial restructuring plan to navigate the Coronavirus (COVID-19) pandemic and better position the Company for the long-term.

  • Until the Coronavirus (COVID-19) pandemic struck, we made significant progress rebuilding under our Plan for Renewal transformation strategy
  • Implementing the financial restructuring plan, with the support of our first lien lenders, is the best path to ensure JCPenney will emerge stronger
  • JCPenney will continue to be one of the nation’s largest apparel and home retailers with an expansive footprint of hundreds of stores with a powerful eCommerce flagship store, jcp.com

Information and Resources

Press Releases

11/25/2020

JCPenney Restructuring Plan to Create PropCos Confirmed by Court

11/09/2020

JCPenney Receives Court Approval for Asset Purchase Agreement with Brookfield, Simon and First Lien Lenders

10/28/2020

JCPenney Signs Asset Purchase Agreement with Brookfield, Simon and First Lien Lenders, Charting Course for the Future

10/20/2020

JCPenney Files Draft Asset Purchase Agreement

09/09/2020

JCPenney Reaches Agreement in Principle with Brookfield Property Group and Simon Property Group to Acquire Retail and Operating Assets

07/15/2020

JCPenney Announces Organizational Restructuring

06/17/2020

Store Closing Sales are Now Underway at Select JCPenney Stores

06/04/2020

JCPenney Provides Update on Store Optimization Strategy

Store Closings

06/04/2020

JCPenney Receives Court Authorization to Access Debtor-In-Possession Financing

05/16/2020

JCPenney Receives Court Approval of “First Day” Motions to Support Business Operations

05/15/2020

JCPenney to Reduce Debt and Strengthen Financial Position Through Restructuring Support Agreement

Restructuring Infographic

Frequently Asked Questions

General

Customers

Vendor Partners

Investors

Retirees

A Message from Our CEO

Store Reopenings and Safety

Active / Retiree Supplemental Plan Letters

JCPenney is focused on

returning to sustainable, profitable growth by re-establishing fundamentals of retail, re-envisioning merchandise offerings, and rolling out new innovations

We continue to make changes to

better connect with how our customers live their lives, and we are dedicated to gathering customer feedback and making improvements that enhance the shopping experience

The health and safety of

our associates and customers is our top priority, and we are committed to providing a healthy shopping environment