The Latest Breaking News from JCPenney

The firm had mentioned that the transaction is scheduled to close on or before September 8 this year, subject to customary real estate closing conditions.

Affected stores are all currently operating as usual

Officials and workers in the textile industry of the small African nation of Lesotho are holding their breath as a key deadline for U.S.-imposed tariffs approaches

Not long ago, department stores were the backbone of American shopping—one-stop destinations where you could grab clothes, furniture, cosmetics, and even a slice of pizza at the food court. But as online shopping exploded and foot traffic declined, many iconic chains struggled to stay relevant. Some attempted to pivot by…