Tags: JC | Penney | HQ | Sale

JC Penney Looking at Possible HQ Sale and Partial Leaseback

Friday, 05 Feb 2016 08:31 AM

J.C. Penney is looking to potentially sell and partially leaseback its headquarters to help lower debt and create long-term savings.

The department store operator said Friday that it has a surplus of square footage available in the Plano, Texas office building, with favorable market conditions making it a good time for such a real estate transaction.

J.C. Penney Co. has been in the three-story building since 1992.

The company had a strong holiday season, with a key sales metric rising 3.9 percent as shoppers picked up home goods and other gifts. Earlier this month it started selling refrigerators, washing machines and other appliances at some of its stores for the first time in more than 30 years.

© Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
1Like our page
2Share
Companies
J.C. Penney is looking to potentially sell and partially leaseback its headquarters to help lower debt and create long-term savings.The department store operator said Friday that it has a surplus of square footage available in the Plano, Texas office building, with...
JC, Penney, HQ, Sale
117
2016-31-05
Friday, 05 Feb 2016 08:31 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved