JCPenney is selling 119 stores for $975 million, marking a new chapter for the 123-year-old retailer while it continues its recovery since declaring bankruptcy in 2020.

Bellingham's JCPenney department store has been purchased as part of a $947 million deal including 119 total properties. The sale comes five years after JCPenney filed for bankruptcy due to the Covid pandemic and not being profitable for 10 years, and then gained $450 million from lenders to attempt to restructure the company.