The new five-year agreement is to last until 2022.
The department store has denied claims that it misled investors in 2013 on its financial state.
Apparel is becoming a big category for the shopping day’s discounts and other retailers are following suit.
Amazon will kick off the 30-hour shopping bonanza of Prime Day on July 10.
The two retailers are now operated separately, but with the same financial backer in Edward Lampert, their fates appear inextricably linked.
It’s the second month sales in apparel have grown.
The off-price channel will also benefit from closures of department store doors at the mall.
In March, Mary Beth West resigned as Penney’s evp, chief customer and marketing officer to join Hershey Co., as chief growth officer.
During a closed meeting with Treasury Secretary Steven Mnuchin, industry leaders discussed support for tax reform and their continued resistance to a proposed BAT tax.
Dozens of companies and associations signed a letter praising recent moves by the Patent and Trademark Office, led by Michelle Lee.