Amazon, J.C. Penney in talks: report
FoxBusiness.com
Fox Business
May 18, 2020, 4:58 pm
Amazon and bankrupt J.C. Penney are reportedly in talks over some type of deal, according to Women's Wear Daily.
J.C. Penney shares were halted in the extended session on Monday with "news pending."
”There is an Amazon team in Plano [location of J.C. Penney headquarters] as we speak,” said one source according to WWD. “There is a dialogue and I’m told it has a lot to do with Amazon eager to expand its apparel business" the article detailed.