Amazon Looking to Acquire JC Penny

[Gregmal]

https://wwd.com/business-news/retail/amazon-j-c-penney-1203635977/

 

Wow. The gem under everyone's noses....JC Penney...

[Liberty]

Different buyers can do different things with those assets. Big difference if Amazon buys it or if, say, Sears buys it.

[Orange]

Different buyers can do different things with those assets. Big difference if Amazon buys it or if, say, Sears buys it.

 

Exactly. It's also a matter of size. For a company as large as Amazon, with their revenue and access to capital, it's not that big of a deal to buy some bankrupt retail assets when the opportunity presents itself.

[Spekulatius]

Different buyers can do different things with those assets. Big difference if Amazon buys it or if, say, Sears buys it.

 

Exactly. It's also a matter of size. For a company as large as Amazon, with their revenue and access to capital, it's not that big of a deal to buy some bankrupt retail assets when the opportunity presents itself.

 

I bet they buy JCP just for the properties. They probably redo them into last mile warehouses.

[chrispy]

I agree.  Maybe pickup that day as well

[BG2008]

Any new updates on this?