JC Penney sells 15 Outlet stores
Plano-based JC Penney Co. Inc. sold 15 outlets stores to Ohio-based SB Capital Group LLC, including the Grapevine Mills location.
JC Penney Co. has announced it plans to exit its legacy catalog store business, which puts its outlet store at Rolling Acres Mall in Akron and 18 others at risk of closing as it winds down that line of trade.