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JCPenney reopens Old Hickory Mall store Wednesday; Amazon reportedly in talks to buy retailer

According to a spokesperson at the Old Hickory Mall, JCPenney reopens, at 11 a.m., Wednesday.

Also, according to national reports, Amazon is reportedly in talks to acquire JCPenney, the debt-laden retailer that filed for bankruptcy protection last week.

The acquisition of JCPenney could potentially bolster the online retailer’s burgeoning apparel business.

It’s also possible Amazon could be interested in acquiring some of the stores that JCPenney plans to sell and use them as distribution outlets.

JCPenney filed for Chapter 11 bankruptcy reorganization Friday, May 15, citing the coronavirus pandemic as a core reason.

As part of its business plan, which was filed with the Securities and Exchanges Commission, JCPenney plans to permanently close 242 stores, or about 30 percent of its stores. It has yet to disclose which stores will be shuttered.

(PHOTO: JCPenney, Old Hickory Mall)

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