JCP
As bidders vie to buy the J.C. Penney retail operations, and perhaps its real estate, one of its attorneys said the company is "in the red zone."
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There was little doubt that J.C. Penney would file for bankruptcy protection. Its reorganization plan is mainly about the real estate. The retailer expects to close 200 stores this year and more next...
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J.C. Penney shares are worthless. That leaves J.C. Penney’s 90,000 workers in limbo.
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Retailer J.C. Penney is about to file for Chapter 11 bankruptcy protection, according to a number of sources. That leaves its 90,000 workers in limbo.
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J.C. Penney is widely expected to seek bankruptcy protection as soon as this week.
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Neiman Marcus is not the first retailer to enter into bankruptcy protection in this recession. It likely will not be the last.
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Sephora has been the exclusive cosmetics provider for J.C. Penney since 2009, but the relationship has recently soured.
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J.C. Penney, Gap and Macy's are all on the ropes. Together they employ more than 340,000 people, and their fates depend on how long the economy is shut down.
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Over the next two months, Macy’s Inc (NYSE: M) will open all 775 of its stores. This includes its Bluemercury outlets. The company’s CEO Jeff Gennette says he does not know how many...
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Just like the coronavirus affects people weakened by chronic health problems, the pandemic also has a more profound effect on companies that are financially weak. J.C. Penney continues to mull a...
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A report that J.C. Penney is discussing debtor-in-possession financing with a group of lenders has led to a wave of selling for an already-decimated stock.
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Retailer Macy's is reportedly considering issuing new debt backed by some of its owned real estate. How that property will be valued could mean the difference between survival and extinction for the...
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In the strongest months as the economy recovered from the Great Recession, America added between 150,00 and 350,000 jobs a month, according to the BLS. In an average month, that number was closer to...
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J.C. Penney has reportedly hired advisers who specialize in reorganizing the finances of a struggling company. The venerable retailer may be unable to avoid bankruptcy protection, according to some...
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J.C. Penney has posted deeper and deeper declines in revenue and now it may go bankrupt. Whether it will be able to continue to operate or it faces the liquidation of its assets, it has 846 stores at...
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