(Plano, TX) — Over 100 JCPenney stores are being sold to a private equity firm for more than 900-million-dollars. The deal with Onyx consists of 119 stores. It comes five years after the once popular department store declared bankruptcy. Onyx will pay $947 million with the deal scheduled to close in September. All 119 JCPenney stores remain open but isn’t clear what the future holds for them.
The only JCPenney store in Iowa that’s among those being sold is in Coralville. JCPenney locally has a store in Spencer in the South Park Mall. That location is NOT included on the list.
August 1, 2025
(Spencer)– Some additional hydrant flushing will get…
