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Kiplinger

Business

Paige Cerulli

119 JCPenney Stores Just Sold — Here’s What Shoppers Should Know

JCPenney TX IL OR MI Florida Trust OH AZ IN

NEW YORK - MARCH 03:Customers walk through the new J.C. Penney 15,000-square foot temporary promotional store, or "pop-up" store, in Times Square March 3, 2006 in New York City. Part of the b.

Five years after filing for bankruptcy, JCPenney is making another major move. The retailer is selling 119 stores across the country, though no closures have been announced.

The sale highlights the ongoing challenges for traditional department stores as malls lose foot traffic and online shopping continues to dominate.

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