$JCP Think Amazon wouldn’t buy J.C. Penney? Think again. dallasnews.com/business/ret... ***NOW NEWS FROM 7/15/2020***More Proof of JCPNQ Buyout - When you see headlines like the following then you know buyout in process. The current headquarters soon to be elsewhere, otherwise, there would not be severe layoffs at current headquarters. J.C. Penney cuts corporate staff by 1,000, mostly at its Plano headquarters Many think Amazon will eventually buy Kohl’s. But Penney may have more of what Amazon needs to take its apparel sales to another level.