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J.C. Penney Rescue Deal Approved in Bankruptcy Court…

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J.C. Penney filed for bankruptcy in May with nearly $5 billion in debt. The company was one of several retailers, including J. Crew Group Inc, Neiman Marcus Group and Brooks Brothers that sought Chapter 11 protection amid the coronavirus pandemic…

J.C. Penney Announces 140 Stores Closing, Offers 6k Early Retirement…

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J.C. Penney has announced the closing of approximately 140 stores over the next few months. According to this Yahoo report, the company had a terrible holiday season. Department store operator J.C. Penney Co Inc (JCP.N) said on Friday it would close 130-140 stores over the next few months, and reported a bigger-than-expected drop in same-store […]

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