J.C. Penney

Mall owners buy J.C. Penney’s retail business

Mall owners buy J.C. Penney’s retail business

CORPUS CHRISTI, Texas – Two of the nation’s largest mall owners have agreed to acquire J.C. Penney’s retail business, a deal that would allow the retailer to avoid liquidation and keep stores open and some 70,000 employees on the job heading into the holidays. When it filed for bankruptcy protection, in May, Penney had 850