Posted on 04/25/2022 6:48:40 PM PDT by Morgana
It is a bit misleading to call Simon and Brookfield “J C Penny” owners - they are both gigantic REITS that own thousands of commercial properties, including many malls. They probably own a lot of the malls where Kohl’s is an anchor store.
I don’t like that plan. Kmart halt Sears and helped drive them into the ground. JCPenney isn’t financially stable enough to be buying anyone.
Ugh....like United Airlines buying Continental....it will degrade the product.
Right now I miss Kmart so much
Yep, like in the movie “The Founder”...
“You don’t seem to realize what business you’re in. You’re not in the burger business, you’re in the real estate business. You build an empire by owning the land. What you ought to be doing is owning the land upon which that burger is cooked.”
Good movie!!
Not surprised. Kohls suck! Was great at one time. Hope Penney’s get better items in. Business want to do on-line shopping. I HATE THAT! But, can’t stop progress.
and I will do without!’ I’ll wear the better-made clothes I bought years ago and haven’t fallen apart.
JCP should not be running anything.
They have had years [decades] to get it figured out.
Kohls doesn’t have men’s Big & Tall so I have no reason to go in one. JCP, on the other hand, does sell B&T and I actually found a few shirts I liked in one recently. So maybe Kohls will start serving the normal sized population now?
Somehow this reminds me of Kmart going bankrupt and then buying Sears.
Everything financial has become smoke and mirrors.
Wait until they finally abolish cash and go 100% digital funny money.
Or it'll be called Two Broke Stores... Or Bankrupt Stores LLC.
I miss The Broadway.
They’re paying for the land not the retail boxes.
Post of the thread!
LOL...that’s my first thought, too! The JC Penney in Coeur d’Alene, ID shut down after their disastrous results and downsizing. The Kohl’s across the street and a bit up the road from Penney’s is still thriving. But not for long. The Penney’s e-staff will work their magic on Kohl’s now.
JC penny is still around.
I was surprised to find this out when I was looking for a feather pillow last year.
There was a store kinda near me in a little strip mall.
If only there were still Radio Shack stores
Then they can both go bankrupt together.
And bring back Blockbusters! There's been nothing to watch since they closed.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.