Amazon could buy JC Penney and change retailing forever

Amazon has been tipped to take over collapsed US department-store giant JC Penney in a move which could redefine the nature of US retailing.  According to an exclusive report in WWD, Amazon has a team of senior management and consultants at JC Penney’s Texas headquarters going through the numbers and the store portfolio.  And while JC Penney says it is planning to permanently shutter 245 of its 846 stores across the country as part of a restructure under Chapter 11 bankruptcy protect

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