J.C. Penney outlets to remain open under new name, ownership

Published: Nov 15 2011 07:00:00 PM EST   Updated On: Nov 16 2011 06:10:17 PM EST

Some changes are in store for 15 J.C. Penney outlet stores, including one in Muhlenberg Township.

SB Capital Group has completed its acquisition of the stores from J.C. Penney Company. They'll be re-branded JC's Five Star Outlet, but SB Capital said customers will find the same quality and value they're accustomed to.

The company also said it offered employment to all 1,600 eligible employees of the outlet stores.