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.
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.
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.
The last time I was in JCPenney, all I wanted was a nice standard black skirt. I looked and looked and finally located a clerk and asked her where “business attire” black skirts were located. She replied, “I don’t think we have anything like that here for ‘your’ age.” I was about 53 or so at the time. They were trying to appeal to college students who would never be seen in their store anyway. This was about the time they were pushing the gay agenda. I never went there again.
The last time I was in Kohl’s, I was looking for a simple pair of jeans. They had none, absolutely none, in my size (5 ft tall and 120 lbs). The jeans they did have were all college-aged type jeans (pre-torn, cheap fabric etc), and they were all for “plus-sized” women. I haven’t been back since.
J.C. Penney had a loyal clientele that they pushed out the door while trying to attract new customers. (Everyone used to go to Penney’s for their Easter Sunday dress and their interview suit). Their old customers left but no new ones ever arrived. Kohl’s went from providing good basic and decently made clothing to cheap stuff that looked as if it came from the dollar store.
Until they return to providing quality basic goods for middle America, neither one of these brands will make a come-back.
I like Kohl’s. Interesting.
If my memory serves me correctly, JC Penny would down the crapper after going “woke” by hiring Ellen Degenerate to be their spokesman.
Do it!! I stopped shopping JCP when it went woke years ago. I stopped shopping kohl’s when the severely over priced products and ripped me off over those stupid kohl’s cash racket. It’s like buying sears or Kmart. Kohls is in trouble imho.
Yes, at least in Spokane. Macy closed a store in an area with rather high crime, has others nearby.
Both companies are doomed. Visit their leadership teams’ websites. Nothing but the BS “diversity and inclusion” nonsense. Absolutely NOTHING about turning a profit and building stores where people want to spend their money. AA kills companies. Woke kills companies. PC kills companies. Good riddance.
I only shop both stores when I have coupons to get something for free. Otherwise…no.
That will continue…