Shares of J.C. Penney were rallying almost 4% in Tuesday morning trading after announcing that it will include Nike shops in more than 600 of its stores. The Plano, Texas-based company will dedicate 500 square feet to Nike products within a “prominent” location of the men’s department, according to a statement by J.C. Penney.
Category: Plano, TX
J.C. Penney Strikes Deal for Texas Headquarters
J.C. Penney Co. reached a deal to sell its Plano, Texas, headquarters and lease back part of it, reaping about $353 million for the retailer.