The company has hired Cushman & Wakefield and B. Riley Real Estate to market 21 stores it owns and the leases for another 142 stores across the country to potential buyers, according to marketing materials seen by Business Insider. "There's all kinds of interest and there are some good properties here," said Jim Terrell, a principal at the real-estate services and brokerage firm B. Riley Real Estate.
JCPenney had previously stated it is closing 151 locations this year and 242 locations in total as part of its bankruptcy. Michael Jerbich, B. Riley's president, who is working on the deals to dispose of the locations for the department-store brand, said the leased store locations would likely all be closed and sold off by the fall. Bids are due for the leases by mid-September."The owned properties are still operating and their closing dates will vary, with some continuing to operate for some time while others could close sooner," Jerbich said.
Jerbich suggested that JCPenney could offer other locations among the nearly 850 stores it occupies for sale in the coming months. "Although there aren't additional stores being offered for sale at this time, that could change as the process evolves," he said.
I went to one of their store closing and they tried to sell endcaps from 1980 for $400 😂
Emerge as what?
lol
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:
Colombia Últimas Noticias, Colombia Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Peacock reported 10 million sign-ups this week - Business Insider - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Interesting & well considered distinction.
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »
Apple gave Amazon 50% App Store discount to get Prime Video on iOS - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. someone get that man some teeth whitening strips, stat! Steve would have been disappointed So a deal? Wow. Amazing.
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »
Messages show Instagram cofounder felt pressured to sell to Facebook - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »
Lori Loughlin, of college admissions scandal fame, sells Bel Air home - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »
Pfizer CEO defends the idea of companies profiting off coronavirus vaccines - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. To save lives of people worldwide shouldn’t it be free to everyone
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »
Rent's due, again: Monthly anxieties deepen as aid falls off - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Yeah, this insane idea of quarantining the healthy may not have flattened the curve but it sure flattened the economy And get this, Democrats are overjoyed! Amazing. In the immortal words of Fascist 'elites' of old: 'Let them eat cake!'. -Or GMO foods.
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »