J.C. Penney may be about to make a nifty profit, but it's not going to be tied to its retail sales. In another example of how real estate holdings can sometimes be of more value than a retailer's operating business, the department store chain plans to take advantage of the red hot real estate market in Plano, Texas to develop a 240-acre land site near its headquarters, according to Bloomberg. J.C. Penney hired three firms to work on the land, which will likely feature a mix of ...
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