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On January 1, 2021, Soltau was replaced by Simon Property’s chief investment officer, Stanley Shashoua. C. Penney sold its headquarters campus and surrounding land in Plano, Texas to Dreien Opportunity Partners as a leaseback sale to take care of operations on the location. The land has since been damaged up and offered/developed. Part of this land was sold to the place the present Toyota North America HQ is now located. In February, J. C. Penney announced that it might shutter two distribution centers and as much as one hundred forty beneath-performing stores as it wrestled with disappointing gross sales.
The firm’s three manufacturers- Cheap Monday, Monki, and Weekday- continue to be run as separate concepts. The first ARKET store was opened in Regent Street in August 2017, having been in preparations since June 2015. The model is labeled “a contemporary-day market” and houses a line generally known as the “archive”, in which every item is understood by a nine-digit code organised into department, class, product, and materials.