Amazon Reportedly Weighing J.C. Penney Acquisition Out of Chapter 11

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The store closure count might not be a final one, the company said in the filing, including the remaining shops were its most efficient and profitable. In a month’s time, J.C. Penney must send both a lease optimization and a real estate optimization strategy, and a business plan by July 8, which the business and its financial institutions should agree to by July 14. Beyond that, he stated, the local distribution technique at Penney’s 30 freestanding U.S. shops could make sense for Amazon. James Thomson, co-founder of Amazon seller consultants Buy Box Experts, concurred with Sebastian that Amazon could be doing some tactical bargain searching, specifically to increase its garments video game.”I concur Amazon needs a lot of aid with clothing, so it’s sensible they would look at J.C. Penney as a possible acquisition,”Thomson said.

The shop closure count may not be a final one, the company said in the filing, including the staying shops were its most efficient and successful. Beyond that, he stated, the regional circulation technique at Penney’s 30 freestanding U.S. stores might make sense for Amazon.”I agree Amazon requires a lot of help with garments, so it’s logical they would look at J.C. Penney as a possible acquisition,”Thomson said.

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