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J.C. Penney looking at sale-leaseback deal for Texas headquarters
February 5, 2016 8:15 AM EST(Reuters) - Department store operator J.C. Penney Co Inc (NYSE: JCP) said it is pursuing a potential sale and partial leaseback of its headquarters in Texas to reduce debt and costs.
J.C. Penney employs more than 3,000 workers at its Plano, Texas headquarters, which it has occupied since 1992.
The retail chain's decision comes at a time when several U.S. department store... More
